People typically retire between the ages of 60 and 65. However, thanks to better lifestyles and healthcare now available we are now expected to live for at least a further 20 years roughly. 

Planning for your retirement is crucial if you want to continue to maintain your standard of living/lifestyle throughout your retirement years. People who do not have their own independent pension and whose only sole income is the State Old Age Pension can suffer a significant drop in their standard of living. There are lots of benefits to having your own personal pension plan. Some of these may be