Planning for a retirement that works for you

We spoke to over 5,000 retirees in the UK to get a clear picture of what retirement really looks like in 2025. The result? A powerful snapshot of how people are managing their money, what they’re worried about, and how they’re preparing for what’s next.

Key takeaways

• Average retiree spending is £22,140 a year, but this varies widely depending on income and age.

• The State Pension is a lifeline—especially for those on lower incomes. For many, it makes up nearly half of their income.

• Gifting is a big deal: retirees give over £2,500 a year to family and education support, making up more than 10% of average expenditure.

• Living costs are rising, and more than half of retirees are worried about maintaining their standard of living.

• Policy changes are reshaping retirement plans, especially around inheritance tax and pensions.

• Financial advice makes a difference: retirees who get advice are more confident, more satisfied, and better prepared.

What this means for you

Whether you’re already retired or just starting to think about it, this report shows that retirement is deeply personal. Your income, your goals, and your support network all shape your experience. But one thing is clear: planning ahead matters. The right advice can help you protect your income, support your family, and enjoy the retirement you’ve worked for.

Want to know more?

You can access the full report here.