Average pension in St Albans

Average pension in St Albans

Planning your retirement can sometimes feel like a bit of a guessing game, especially when you consider factors like rising costs of living and average house prices.

It’s the same in St Albans as it is across the whole country: people are saving for what they think they’ll need rather than what they know they’ll need. Of course, it’s simply not possible to know for sure how much you’ll need in your retired years, but it is possible to inform your decisions with useful insights.

We know from our research that people in the South East region typically:

  • Have an average pension of £135,305
  • Have a life expectancy of 81 years
  • Should expect a pension shortfall of £15,935

These facts and figures should give you a good benchmark for your own pension planning, but you can discuss it in greater depth with a qualified financial advisor in St Albans to help get your finances to where they need to be. None of us can see into the future, but we can all enjoy the peace of mind that comes with planning for it with the help of a professional.

Property market in St Albans

Part of your planning might involve taking a speculative look at the property market in your local area or beyond. It’s quite common for people to move home to settle down for retirement, whether it’s into a smaller place or an area with lower living costs, so it can pay to know what your options are in this regard.

We can tell you that, according to official government data, the average house price in the South East of England is £355,948, which is significantly higher than the national average of £265,668. Depending on your circumstances, this might mean that you have the option to downsize to release extra funds or even rent out a spare room or two in order to fund your retirement.

Whatever your situation, you can explore the possibilities with a financial advisor and get the recommendations you need to move forward with the ideal retirement journey for you.

Where do people in St Albans retire to?

Financial advice in Jersey Farm, St Albans

Jersey Farm

In the northeastern part of one of the country’s most sought-after cities sits Jersey Farm, a desirable Sandridge neighbourhood that proves popular with would-be retirees year after year. It’s vibrant and diverse and close enough to the city centre to feel like you’re almost in it. Indeed, St Albans itself is a real draw for fans of amazing parks, grand landmarks and homely Herts pubs, so it’s no wonder it’s a popular spot to retire.

Financial advice in Harpenden, St Albans


Located halfway between St Albans and Luton is the charming town-cum-village of Harpenden. As with many places just north of the M25, it’s popular with commuters who work in London, but it’s got a quiet, relaxing and altogether arresting feel to it. People retire there for the sheer abundance of golf courses, the village-like town centre and the beautiful Edwardian and Victorian housing.
Financial advice in Hatfield, St Albans


You might recognise Hatfield if you’ve spent much time on the A1(M), since the popular motorway runs right through it, but don’t let that deceive you. It’s actually quite a peaceful little town that’s popular with people who want to get out of the city without being too far from it. One can expect a wide range of age groups here, from young, professional commuters to ready-to-settle retirees, so it’s certainly an interesting place to be.

Why you should speak with an advisor

People in all walks of life benefit from professional financial advice regarding their retirement. Managing your finances yourself is a perfectly viable option, but there comes a point in many people’s lives when an outsider’s view proves invaluable. That’s why we’re here for you in St Albans.

We can connect you with a qualified advisor in the area who can cover all kinds of financial topics with you. They can help you see things in a different way or introduce tax allowances you weren’t aware of, for instance, so there’s nothing to lose. We’re not just saying that either; you’ve got the option of speaking to an advisor on a consultation call for 60 minutes, completely free of charge.

This means you might get the recommendations you’ve been looking for to take your retirement in the right direction, all without parting with a pound. Get in touch today to find out more.

Click to Find a Financial Advisor in St Albans


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.