Non-homeowner pensioners may need £419,000 extra for retirement rent
UKPulse Money Desk
Pensioners who do not own their homes may need an additional £419,000 saved to cover rent in retirement, according to a recent report.
- Pensioners without home ownership may require an extra £419,000 in savings for retirement rent.
- In one specific area, nearly £860,000 could be needed for later life renting.
Pensioners who do not own their homes may need to save an additional £419,000 to cover rental costs during retirement. This figure highlights a potential financial challenge for non-homeowners.
The amount required can vary significantly by location, with some areas reportedly needing almost £860,000 for renting in later life.