Key facts
- Older UK savers are warned about retirement income targets.
- The target annual state pension mentioned is £45,000.
- Advice suggests focusing on smaller, consistent contributions.
The article provides a warning to older savers in the UK regarding the financial requirements for a comfortable retirement. It highlights a specific target of needing £45,000 annually from their state pension. The advice given emphasizes that it 'pays to think small,' suggesting that consistent, smaller contributions over time are more effective than large, infrequent ones for achieving this retirement income goal.