Tue, 03 Jun 2025

Tue, 03 Jun 2025 Lower energy costs make retirement less expensive

A one-person household needs £13,400 a year for a basic standards of living in retirement, a report suggests.

* Minimum standard retirement living costs: + Single person: £13,400 (down from £14,400) + Two-person household: £21,600 (down from £22,400)
* Moderate lifestyle retirement living costs: + Single person: £31,700 (up from £31,300) + Two-person household: £43,900 (up from £43,100)
* Comfortable retirement living costs: + Single person: £43,900 (up from £43,100) + Two-person household: £60,600 (up from £59,000)
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