Top of main content

Plan for the future

We are living longer than we used to, thanks to improved standards of living and better healthcare. But with many people enjoying longer retirements than they planned for, it can mean not being able to make ends meet in later life.

So the sooner you start saving for retirement, the more you'll be able to save, and the more comfortable you'll be.

How much might you need?

Everyone's situation is different, so there is no single rule to follow that will tell you exactly how much money you'll need for your retirement. It will depend on many factors, including:

  • The age you plan to retire
  • Whether you own your own home
  • The rate of inflation
  • Whether you have debts that you need to manage
  • Your family and number of dependents
  • Whether you plan to continue working, in any capacity, and semi-retire

A good starting point is to assume you will need between half and two-thirds of your salary, after tax is deducted, to maintain your current lifestyle.

Employer contributions

You may find that your employer has an obligation to contribute towards your pension or retirement fund in proportion to your own contributions. It can help to grow your savings significantly, and you may also be entitled to tax relief on the combined sums saved.

Some employers might also offer "contribution matching", which is when they agree to make additional contributions into your retirement savings, as long as you agree to increase your contributions as well.

When planning for your future, here are 3 key points to keep in mind:

  1. Start as soon as you can. The earlier you start saving, the more the interest on your savings will compound, and the longer you will have to save.
  2. Make the most of any tax-free savings and employer contributions you're entitled to.
  3. Build your knowledge. You can talk to an HSBC Relationship Manager to find out about the different investment products we offer. It's also wise to speak to your trusted financial advisor before making any decisions.


For persons in India. This publication has been issued by The Hongkong and Shanghai Banking Corporation Limited (HSBC), India, Incorporated in Hong Kong SAR with limited liability, for the information of its customers only. This publication does not constitute investment advice or an offer to sell, or a solicitation of an offer to purchase or subscribe to any product / investment. The information herein is derived from sources believed to be reliable and the concerned Information Provider(s) have duly authorised HSBC to use such information provided by them. Whilst every care has been taken in compiling the information, HSBC and the concerned Information Provider(s) do not guarantee, or make any representation or warranty and accept no responsibility or liability as to its accuracy or completeness and shall not be liable for damages arising out of any person's reliance upon this information or any action taken or not taken as a result of any material contained in the publication. Expressions of opinion are those of HSBC and the Information Provider(s) only and are subject to change without notice. HSBC has not independently verified any information provided by the Information Provider (s) or that has been derived from the sources believed to be reliable by HSBC. Opinions expressed herein do not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this publication. This document is for circulation in India only. No part of this publication may be reproduced or stored in a retrieval system without the prior written permission of HSBC. Any liability is accordingly expressly disclaimed by HSBC, its officers, directors and employees.