A Sheffield couple who spent decades saving £350,000 (around $469,000) for retirement say their pension income does not cover their monthly bills, leaving them to draw on their savings sooner than they had planned.
Sharon and Sean Taylor take home a combined £1,400 (about $1,880) a month from their private pensions, plus £350 (about $470) from renting a property to a relative. That barely covers £1,700 (about $2,280) in utilities and car finance, leaving almost nothing for food and everyday costs.
