State Pension vs Private Pension: Whatβs the Real Difference?
When people think about retirement, many assume the State Pension will cover everything, so they put off retirement planning. But years later, they often discover the State Pension doesnβt stretch to the life they pictured, things like keeping up with bills, enjoying trips, or treating the grandkids. The truth is, relying on it alone can leave a gap between what youβll have and what youβll need.
Retirement planning is essential, and understanding a few basics makes it far easier to build a plan that actually works for you. In this guide, weβll clear up the key points about the State Pension and private pensions so you can see how they fit together and start setting up a retirement plan thatβs realistic, flexible, and truly yours.