National Parks Week
Everyone needs a bit of breathing space sometimes and national parks are a great place to do this. With 15 national parks in the United Kingdom, there is plenty of choice and variation of where to relax. National parks week runs from 22nd until 29th July with wildlife-friendly events across the country to celebrate. National parks are a great way to spend your free time and are beneficial for all ages. For the older generation, national parks can be a great place to reflect on life and appreciate the tranquillity of nature. In retirement, national parks can be a great location to unwind and a rewarding place to spend your extra time after you leave the busy world of work.
Traditionally a full-time worker spends 8 hours working, 8 hours sleeping, leaving 8 hours for leisure, commuting, cooking, exercising and cleaning. In retirement this all changes. There are many ways in which people choose to spend their time once retired. Having good pension savings means that however you spend your retirement, you can feel confident you won't run out of money. One benefit of automatic enrolment is the fact that employees who are 22 and over and earning over the threshold are automatically set up into a pension which has decades to grow until reaching retirement.
Although national parks can be seen as great ways to spend your free time after you retire, not everyone will choose such inexpensive and advantageous activities once they start to draw their pension. According to the Office for National Statistics the typical retirement age for men is around the age of 63 and for women around the age of 62. If you have been saving adequately into your pension and have invested successfully for a significant number of years, then living off your pension from this age shouldn’t be a problem. Men around the age of 63 are expected to live to around 86 and women around 89, this means that after retiring your pension needs to last for over 20 years. However, around 1 in 10 men and 1 in 5 women will live to age 100, meaning a suitable pension is even more necessary.
National parks week appreciates the breath-taking beauty of our wildlife and allows you to appreciate the freedom of nature. This same freedom can be exercised with your pension; from age 55 you have the freedom and choice in deciding which option suits you best. You can learn more about the six options with a Pension Wise appointment. For any questions you have about pensions you can call The Pensions Advisory Service on 0800 011 3797 or get in touch online. Our specialists offer expert advice and guidance, allowing you to make informed decisions about your future.
Some of the events which also enable this same level of freedom and choice during national parks week include rock climbing, treasure hunts and deer searching. The purpose of national parks is to conserve and enhance the natural beauty, wildlife and heritage and promote opportunities for the understanding of enjoyment of the special qualities of national parks by the public. Similarly to how National parks preserve nature and wildlife, they can also help preserve your pension. What with being a resourceful way to spend your time they prevent you from spending a lot of money and encourage you to get the most out of your pension.
Written by our work experience intern Jemima Higginbottom