Pension planning: five strategies to maximise your retirement income

Britain is heading for a recession. That means you’re going to have to make your money work harder. Here, Saloni Sardana outlines five pension planning strategies to help soften the blow.

State pension forecast
You can't rely on the state pension alone
(Image credit: © Alamy)

The UK is expected to enter recession by the end of the year, something which is likely to cause people to rethink their finances and could spell economic trouble for many Britons.

But for those moving closer to retirement, a recession could significantly worsen the quality of your later life if you don’t employ pension planning strategies to mitigate the impact.

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Saloni Sardana

Saloni is a web writer for MoneyWeek focusing on personal finance and global financial markets. Her work has appeared in FTAdviser (part of the Financial Times),  Business Insider and City A.M, among other publications. She holds a masters in international journalism from City, University of London.

Follow her on Twitter at @sardana_saloni