Where are you now? summary
Where are you now? summary
Comparing your total pension savings with the goal you set in Step 01 will have given you some idea of where you are now.
You've also found out how much spare money you have at the moment. You might be able to use some of this spare money to help you reach your target – Step 04 looks at your options. For a more detailed look at this you might like to review the Learn About Money modules – Money Management and Saving and Borrowing.
What you haven't looked at in this Step is where you might be by the time you retire. How much will you have if you keep contributing to your pension? Look at Step 03: Are you on target? to find out.
If you'd like a more detailed look at where you are now then you can work through the In depth section. Here, you can look at things like how much your house might be worth and whether you have any savings or investments. You can also look at how much you still owe on a mortgage or other loan.