Average pension in Rotherham

Average pension in Rotherham

Have you ever considered whether the contributions you’re making now will help you afford the retirement you deserve? It’s a big, difficult question to tackle, but we’re here to help you find the answer.

We’ve done some number crunching and research and found that on average, people in Yorkshire:

  • Have an average pension of £117,550
  • Have a life expectancy of 79 years
  • Should expect a pension shortfall of £27,723

Everyone has their own vision of what the perfect retirement looks like. Perhaps you’re keen to volunteer at your favourite charity or you’re ready to use your newfound freedom to explore new hobbies or local Rotherham events. Whatever that means to you, you’ll need a steady income to support your goals.

Estimating how much you’ll have in your pension pot at retirement and comparing it against the above figures is a good start. Does this figure fall short of what you expected? If you’re not sure and would like personalised advice on your situation, it’s wise to speak to an expert.

We work with financial advisors all over Rotherham and Yorkshire and can help you connect with the most qualified expert for your needs.

Think you have a few lost pensions? Discover how to find your lost pensions with our pension tracing guide.

Property market in Rotherham

Our homes play a huge role in our wellbeing and happiness. Your home is a place of safety, comfort and memories. Your home can also provide another source of retirement income later down the line.

If you’re happy to stay in your current home, you have many options such as renting out a room or even equity release to free up cash for retirement. But if it’s time for a fresh start, downsizing could be a smart option, too.

The average house price in Rotherham is £181,953 according to Rightmove data. This figure has risen a whopping 12% over the past year and it could rise further as more people seek to get on the property ladder. Rising demand could mean it’s a good time to speak to an advisor about the hidden value in your home.

Where do people in Rotherham retire to?

Financial advice in Wickersley, Rotherham


Retirees looking for a village community with plenty of amenities can’t go wrong with Wickersley. Just 5km from Rotherham town centre, it’s a characterful community boasting a 15th-century church. There’s also a cricket club and park to help you stay active. And should you fancy a stroll, meal out or shop, you’ll find everything from brasseries and bistros to supermarkets and hairdressers along Bawtry Road.

Financial advice in Wentworth, Rotherham


Dating back to around 1066, Wentworth village has an impressive history. Venture to the grand Grade I listed Wentworth Woodhouse, where you’ll find over 300 rooms to explore, towering follies and rare varieties of camellia plants. Today, the village maintains its strong identity, with local pubs, farm shops and boutiques you can help support.
Financial advice in Sheffield


Fancy a break from city life, but don’t want to fully escape to the country? You’re not alone. Sheffield draws people from all walks of life. Voted one of the best places to live in 2020 by The Times, the suburb of Ranmoor is particularly popular due to its proximity to the Peak District. While the city will certainly keep you entertained, with its green spaces, museums and bustling shopping centre.

Why getting financial advice is important

When the sun is shining, it’s hard to ever imagine those dark, rain clouds. But we should never assume that a thunderstorm isn’t around the corner. Financial planning is key to helping you prepare for any storm. We’re here to help you get trusted financial advice in Rotherham, to help you make your money work harder.

A financial advisor can help you:

  • Identify and save for your financial goals
  • Manage and offer advice on your investment portfolio
  • Compare and choose retirement products such as annuities and equity release
  • Understand your retirement income options

Getting expert financial advice shouldn’t be a chore. Our free service can help you connect with your ideal financial professional in seconds. The experts we work with can support you with many services, such as:

  • Wealth and portfolio management
  • Financial, retirement, tax and estate planning
  • Comparing and choosing insurance and protection products

Our service

We’ve helped thousands of people in Rotherham and all over the UK get expert advice by connecting them with regulated financial advisors. So, whether you’re looking for advice on your pension or would like to start investing, we’ll match you with the right expert for your needs.

So whether you are looking for advice on your retirement plans, investments, wealth management, financial planning or thinking about your long-term financial future, we can help put you in contact with a trusted financial advisor who will listen to your needs.

Learn more about our free advisor connection service and how we match you to a financial advice expert in three simple steps.

Think our service could work for you? Discover how we’ve helped over 950 happy customers connect to financial advice experts by visiting our Trustpilot page.

Click to Find a Financial Advisor in Rotherham


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.