A lot could happen to the value of today's money by the time you actually need it, so you'll need to think about how the effect of inflation could affect you.
To help you judge how quickly the rising cost of living can affect the buying power of money, here's an example of what a £1,000 is worth based on a 3% inflation rate.
|After 10 years||£737|
|After 20 years||£544||
Reviewing your investments and pensions regularly can help identify how the effect of inflation may be affecting your investment/pension and allow you to take steps to help maintain the purchasing power of your money contact us and we can review your existing investments and pensions.