💨 Abstract

The cost of a basic retirement lifestyle in the UK has decreased, with a single person needing £13,400 and a couple needing £21,600 annually. However, the cost for a moderate or comfortable lifestyle has increased. The Pension and Lifetime Savings Association (PLSA) provides these guidelines to help retirees plan their finances. Factors like energy bills and lifestyle expectations influence these amounts.

Courtesy: www.thesun.co.uk