Sandra's situation

Sandra Garlick, 65, has no pension savings despite having good jobs and running her own business.

“I had no financial education”

One in six women

One in six people approaching their late 60s have no private pension and less than £25,000 in savings.

State pension basics

State pension pays £12,547.60 annually but costs £13,900 for a minimum living standard.

Pension auto-enrolment

Pension auto-enrolment started in 2012 but Sandra's generation missed it due to career breaks and divorce.

Sandra's plan

Sandra plans to pay £1,000 monthly into a pension for 10 years with tax relief.

Tax relief details

Tax relief adds £250 for every £1,000 paid into a pension as a basic-rate taxpayer.

Pension growth potential

£1,000 monthly could grow to £200,000 in 10 years with 5% annual returns after fees.

Sandra's advice

Sandra advises women to use their skills and help others to build retirement income.

“I’ve made sure my two boys, now aged 42 and 39, are financially stable”

Pension Wise service

Free appointments with Pension Wise help those over 50 plan retirement options.

Sandra's future

Sandra will work for 10 more years and plan to retire at 75 with savings.

“I’d also like to write romance novels”