Retirement calculator savings vital to people, says Skipton Building Society

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Retirement calculator savings vital to people, says Skipton Building Society

Skipton Building Society has described how retirement funds are one of the most important areas of saving for Brits.

Kris Brewster, head of products at the firm, described how pensions are among the more sensible items that people will save for in their lives.

His comments follow the release of a study by Skipton Building Society showing that putting money aside for retirement is the seventh most popular reason for saving.

Mr Brewster said: "While the more serious topics such as homes, retirement and providing for the future feature in our list, there are clearly also some much more fun goals."

Among these were happiness, gardening, beer, shopping and a fund for running away.

Recently, the institution announced the launch of its My Savings range, which Mr Brewster revealed is the organisation's attempt at reducing the savings gap by urging people to consider exactly what they want to put money aside for.

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