Average pension in Chester

Average pension in Chester

Confused about how much you should be saving in your pension pot? Learning what the average pension looks like in Chester could help you understand what to aim for with your retirement plan.

We’ve crunched the numbers for you and found that in Chester locals usually:

  • Have an average pension of £123,694
  • Have a life expectancy of 78 years
  • Should expect a pension shortfall of £15,716

How do these numbers compare to your own expected savings at retirement? The figure you see might look reassuring, but it may only help you cover the basics. To get a better idea of what your future retirement could look like, you’ll need to factor in your goals, lifestyle and health. That’s where financial advice comes in.

A financial advisor can help you understand what type of lifestyle you’d like to achieve in your golden years and how much you’ll need to save right now. Many offer free consultations where you can discuss your situation and gain helpful insight into your options. If you’re interested in getting expert advice, we can help you get started by matching you to an advisor for free.

Property market in Chester

The joy of being a Chester homeowner is that you have a place you can call your own. But did you know that your home could also offer an extra source of retirement income? Many people use equity release to free up their home’s equity as tax-free cash for comfier lifestyles. If you’d prefer to keep the home you love and are 55 or older, it may be worth considering how extra cash could help you achieve your own goals.

According to Right Move, the average house price in Chester is £279,450. This figure has risen 7% from 2020 and could rise further as demand for housing grows. If you’re looking for extra retirement income, this could be a good time to speak to an advisor about equity release.

A financial advisor will help you identify all your retirement income options. And if they feel financial advice is right for you, they’ll offer personalised recommendations to help you get on the right track.

Where do people in Chelmsford retire to?

Financial advice in Christleton, Chester


This Best Kept Village competition winner is the perfect spot for retirees that want to escape the hustle and bustle. Houses are on the pricier side, but you’ll gain a host of amenities such as charming local pubs, a sports centre, swimming pool and cricket club. Nature lovers will also want to visit the local pond, where you can spot ducks, swans and other wildlife.

Financial advice in Handbridge, Chester


It’s not only retirees that flock to Handbridge. Its rich heritage and spectacular views inspire the many artists and creators that call it home. Enjoy walks along the River Dee or spot the remains of ancient Roman walls. The village is also home to a riverside cottage rumoured to be an alleged secret tavern known as ‘Nowhere’. Its mysterious past also inspired the classic Beatles song ‘Nowhere Man’.
Financial advice in Curzon Park, Chester

Curzon Park

If you want a luxury retirement, upmarket Curzon Park should tick all the right boxes. The exclusive suburb lies south of the River Dee. Today, it’s where you’ll find many of Chester’s most prestigious residences. Perfect your swing at nearby Chester Golf Club or keep fit with a weekend walking group.

Why it's important to get pension advice now

There’s never been a better time to start planning your retirement than now. Financial advisors have the expert knowledge to help you understand your retirement options and make your savings go further.

They’ll work with you, giving you the support you need to work towards your goals and a better future. Financial advice could be the key to realising your dream, whether that’s a new kitchen or a luxury holiday.

We want to help you take the first step towards realising your retirement goals. Our free service takes the stress out of searching for a local expert. Just tell us what type of advice you need and we’ll connect you with a local Chester expert and arrange your free consultation.

Are you ready to find your retirement path? Click the link below to connect to an expert today.

Click to Find a Financial Advisor in Chester


Do I Need a financial advisor Do I need a financial advisor

Do I need a financial advisor?

A financial advisor can offer valuable insight and expertise on a wide range of common financial concerns.

Key situations in which a financial advisor is likely to be valuable include:

  • Exploring your options during key life events such as retirement

  • Comparing quotes for pensions or insurance products

  • Investing large sums of money

  • Inheritance tax planning and intelligent saving

How much does an advisor cost How much does an advisor cost

How much does an advisor cost?

The cost of using a financial advisor can vary depending on your needs. You may be able to resolve your issues in a single consultation, or you may benefit from a more long-term collaboration.

At Local Financial Advice we're dedicated to providing a transparent and cost-effective experience for all customers:

  • Free, no-obligation initial consultation - Discuss your issues in detail and make a decision about whether you’d like to proceed before making any commitment.

  • Total transparency - Any costs associated with purchasing any product or service from your financial advisor will be broken down in detail.

How can I speak with my advisor? How can I speak with my advisor?

How can I speak with my advisor?

Many of the advisors we work with are flexible with how they can meet with you.

  • Your advisor will often try to first get in touch with you by phone to talk about the kind of advice you need.

  • If you decide to continue with their advice, advisors can meet you face-to-face. You can discuss any safety precautions the advisor should take if you arrange for them to visit your home.

  • Throughout your time speaking with your advisor, you may receive emails from them. These will often simply be to confirm your information or the details of future meetings you book with them.

Our Service Our Service

Is the advice one-off or ongoing?

The type of advice you need depends on your circumstances.

  • We encourage everyone we connect with an advisor to discuss their financial needs in detail so they can receive the right amount of advice.

  • You may only need one-off advice if you need help choosing a long-term product to support your retirement, such as an annuity.

  • If you need flexibility with your money, you may prefer ongoing advice from your advisor with you speaking every six months or year to see how your money is performing.

  • Whatever help you need, your advisor will clearly lay out the costs involved. These can be one-off costs or recurring, such as a fund management fee.