{"id":134381,"date":"2025-08-10T13:01:13","date_gmt":"2025-08-10T13:01:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/134381\/"},"modified":"2025-08-10T13:01:13","modified_gmt":"2025-08-10T13:01:13","slug":"holidays-are-a-valued-and-realistic-part-of-later-life-says-pensions-body","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/134381\/","title":{"rendered":"Holidays are a \u2018valued and realistic\u2019 part of later life, says pensions body"},"content":{"rendered":"

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Holidays are a \u201cvalued and realistic\u201d part of later life, according to a pensions body which sets living standards, to give people an idea of the kind of lifestyle they could end up with in retirement.<\/p>\n

Pensions UK\u2019s retirement living standards aim to help people use their current lifestyle and cost of living as a guide for the amounts of money they might need in the future.<\/p>\n

The standards, which are regularly updated, are set at \u201cminimum\u201d, covering retired people\u2019s basic needs, with some money left over for fun; \u201cmoderate\u201d, giving people more financial security and flexibility, and \u201ccomfortable\u201d, with more financial freedom and some money to spend on luxuries.<\/p>\n

The minimum standard allows for a week-long UK holiday; the moderate standard enables someone to have a two-week three star all-inclusive holiday in the Mediterranean<\/a> and a long weekend off-peak break in the UK; while someone on a comfortable lifestyle could potentially afford a fortnight\u2019s four-star holiday in the Mediterranean and three long weekend breaks in the UK.<\/p>\n

Cali Sullivan, project lead retirement living standards, at Pensions UK, said: \u201cRetirement isn\u2019t about scrimping or splurging. It\u2019s about living with dignity and keeping the lifestyle you\u2019ve worked hard for.<\/p>\n

\u201cWe know many people face tough choices due to rising costs, both before and during retirement. That\u2019s why the retirement living standards reflect what people see as realistic and meaningful, providing choice, opportunity and security at every level.<\/p>\n

\u201cResearch<\/a> shows holidays are seen as essential to a good retirement: time to relax, make memories and enjoy new experiences. They offer a vital boost to wellbeing and give people something to look forward to.\u201d<\/p>\n

She said that for retired people at the minimum living standard: \u201cA week away in the UK is within the budgeted costs, with plenty of inviting destinations to choose from \u2013 whether it\u2019s the coast of Devon, the hills of Yorkshire<\/a>, the lochs and glens of Scotland, or the charm of Norfolk<\/a> or Wales.<\/p>\n

\u201cThanks to the full state pension and the benefits of auto-enrolment into a workplace pension, reaching this level is very achievable for many.<\/p>\n

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\u201cAround three-quarters of households are expected to achieve it, and two-person households, who can share living and travel costs, are even more likely to do so.\u201d<\/p>\n

She said that at the moderate standard: \u201cYour travel horizons can expand. Picture two weeks soaking up the sun in Tenerife, Majorca, Turkey, Rhodes or Spain, all-inclusive. You can also look forward to a three-night city break in a UK gem like Bath, York, Glasgow, Manchester or Cambridge.<\/p>\n

\u201cThere\u2019s no one-size-fits-all approach either. Some people prefer a couple of shorter trips.\u201d<\/p>\n

For those on a comfortable retirement income, Ms Sullivan said: \u201cYou can expect more freedom to travel further afield and have a longer trip. You could set sail on a two-week cruise to the Mediterranean, or a 12-night all-inclusive cruise around the Norwegian Fjords.\u201d<\/p>\n

She added: \u201cThis level also includes some sight-seeing weekends around the country, with three long weekends in the UK included.\u201d<\/p>\n

Group holidays can also help retired people save on costs, she said, adding: \u201cWhether it\u2019s with a partner, a friend, or even a group trip, sharing costs, and experiences, can go a long way.<\/p>\n

\u201cThese examples help bring the numbers to life and show what retirement could really feel like.\u201d<\/p>\n

She said people should \u201ctake stock of your own situation. Think about what you want your retirement to look like, where you\u2019re starting from today, and what you might need to do to get there\u201d.<\/p>\n

She added: \u201cBy taking time now to understand your savings, making the most of employer contributions, and planning for the lifestyle you want, you can give yourself the best chance of enjoying the kind of retirement that suits you, complete with the trips, treats and freedom you have worked hard for.\u201d<\/p>\n

Here are the annual incomes needed for Pensions UK\u2019s retirement living standards<\/a>, based on a one-person household, followed by a couple:<\/p>\n

Minimum, \u00a313,400, \u00a321,600<\/p>\n

Moderate, \u00a331,700, \u00a343,900<\/p>\n

Comfortable, \u00a343,900, \u00a360,600<\/p>\n","protected":false},"excerpt":{"rendered":"Your support helps us to tell the story From reproductive rights to climate change to Big Tech, The…\n","protected":false},"author":3,"featured_media":134382,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[64,255,67,132,68],"class_list":{"0":"post-134381","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-personal-finance","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115004603330224105","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/134381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=134381"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/134381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/134382"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=134381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=134381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=134381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}