We found 11 online brokers that are appropriate for Trading Average Retirement Savings Investment Platforms.
Retirement savings differ from person to person. Some dream to retire rich while there are many who hardly contribute to their retirement accounts. There are people who start saving for retirement at the early age of 25 while many tend to save more at a later stage, after reaching age 35 or 40. In this article titled Average Retirement Savings, we will talk in detail about the tips and realities of retirement savings.
Government data from 2017-2018 reveals the average weekly income of pensioners in the United Kingdom is 304 pounds. This figure excludes housing costs and direct taxes. So, the annual average retirement income is around 15,080 pounds.
Different regions have different average retirement income in the UK. In London, one may have less to spend on average while in the North East and Scotland it is just the opposite. The gap occurs due to differences in the standard of living.
The data further reveals that 67 percent of the income was from a private pension and this trend has been witnessed a lot in recent years. However, occupational pension schemes and state pension benefits have been major sources of average retirement income too.
In the UK the average earnings are around 30,420 pounds and this figure includes housing costs and tax. If the 5 percent pension contributions, National Insurance and income tax are deducted, the average earnings stand at 23,111 pounds and this is upward of 50 percent of the average retirement income.
The average mortgage payment in the country is 669 pounds per month. Annually the figure is 8,028 pounds. Now, if this is deducted, the average net income is 15,083 pounds.
The average retirement income for couples tends to be higher compared to a single individual. In the 2017-2018 data it is found that the income of couple retirees was more than single retirees and this could be due to the housing costs being shared by two people and the overhead expenses being split into two.
There is one more significant factor. The single retiree may have divorced or separated and this involves a significant settlement of the past finances.
A comfortable average retirement income depends on how an individual wants to spend their retirement. As per a study, a UK couple requires an annual combined income of 47,500 pounds. A single person requires 33,000 pounds.
According to data released in 2020, the full basic state pension was 134.25 pounds per week. This is in fact less than the average retirement income of 304 pounds. The private schemes help with filling the gap.
People who are making the savings in a private pension continue meeting the shortfall. However, the National Office for Statistics reveals just 14 percent of the adult population under age 60 don't pay at all for their retirement.
If the pension pot is big, one may probably be able to enjoy a comfortable retirement. In such a case, one can even retire at 55. So, it can be said that the most powerful tool here is time. The compound interest helps in building an impressive sum over years. The golden rule here is to start retirement saving as early as possible.
However, those who have failed to start early may not have to be disappointed. It is never too late. The pension contributions are boosted by about 25 percent as these are exempted from income tax. So investing a reasonable amount of funding in the final years before retiring is more successful than contributing nothing.
If the factors about saving become too tough to understand, it is suggested that you seek the help of a financial adviser. The consultancy makes the vision clear as to how much to save a month and which savings product is the right one for you - in which higher returns can be achieved.
In this article titled Average Retirement Savings, we discussed some of the significant factors involved in saving for retirement and tried to encourage young employees to start saving now. The earlier one starts saving, the more comfortably he retires.
The best age to start saving is 25 even though it is a known fact that many are under student loan debt during that time. Well, it is suggested to strive for saving and slightly compromise on living expenses like reducing the frequency of dining out and vacationing. It is better if one buys or rents a comparatively cheaper house rather than a luxurious one for the time being. It is always important to know that a comfortable retirement is better than a luxurious pre-retirement lifestyle.
We have conducted extensive research and analysis on over multiple data points on Average Retirement Savings to present you with a comprehensive guide that can help you find the most suitable Average Retirement Savings. Below we shortlist what we think are the best Average Retirement Savings Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Average Retirement Savings.
Selecting a reliable and reputable online Average Retirement Savings Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Average Retirement Savings Investment Platforms more confidently.
Selecting the right online Average Retirement Savings Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Average Retirement Savings Investment Platforms trading, it's essential to compare the different options available to you. Our Average Retirement Savings Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Average Retirement Savings Investment Platforms broker that best suits your needs and preferences for Average Retirement Savings Investment Platforms. Our Average Retirement Savings Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Average Retirement Savings Investment Platforms.
Compare Average Retirement Savings Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Average Retirement Savings Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Average Retirement Savings Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Average Retirement Savings Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Average Retirement Savings Investment Platforms that accept Average Retirement Savings Investment Platforms clients.
Broker | IC Markets | Roboforex | XTB | XM | Pepperstone | AvaTrade | FP Markets | NordFX | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | No minimum deposit | 5 | 200 | 100 | 100 | 1 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with roboforex |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with nordfx |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
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We have listed top Average Retirement Savings Investment Platforms below.