Can you afford to retire in 2025?

From interest rates and inflation to tax changes, there are plenty of factors to consider if you plan to retire this year – here is how to prepare

state pension age couple look at view of sea
(Image credit: Getty)

Interest rate cuts, tax changes and stock market volatility can make it hard to decide if this is the year to finally retire.

High interest rates had provided a boost for people choosing to use their pension to purchase an annuity to help fund their retirement in early 2024.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.

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