Don't depend on Santa for your retirement - take a few minutes to improve your pension during the holidays.
Looking at your pensions isn't an obviously festive undertaking and is unlikely to be top of your to-do list.
However, there are a few straightforward checks and tasks that you can carry out without giving yourself a massive Christmas headache. A little time now could mean more winter holidays in the sun once you retire.
The earlier you start saving into a pension, the better. You have to wait longer to get the state pension these days and more of the responsibility falls on you to provide adequate funds to live on in later life.
Here are some simple ways you can start working towards these challenging targets:
Carrying out a bit of easy admin can help you to ensure that your pension affairs are in order.
You might find that it's been a while since you actually received a pension statement from one of your providers. If it has been some time, pick up the phone and ask for an update.
Some pension companies allow you to check your scheme information online, but you may not have logged on for a while.
Take five minutes to try to find all of your information and to plug any gaps, even if you aren't ready to carry out a comprehensive review right now.
If you're speaking to your pension company or using an online portal, it's worth checking that all your details are up to date.
The provider may not have your current address, with pension statements still going to an old address, which obviously isn't a good idea.
Don't forget old schemes which you may have left when you switched jobs - ensure it's clear you've left the scheme (not always recorded) and that they have your current contact address.
Should you pass away, your pension will normally become part of your estate.
However, most pension schemes allow anyone to inherit your pension - they don't have to be your spouse or civil partner. There's no limit to the number of people you can nominate.
Pension statements normally contain a beneficiary nomination form at the end of the pack. Online systems will also allow you to manage and change beneficiaries.
Make sure your pension providers have up-to-date information on who you'd like to inherit your retirement savings.
Which? believes a new higher overall combined default contribution rate of 12% should be introduced, but that this should not apply for those on low incomes.
More information will be sent by providers to retirement savers under a new initiative.
The so called 'wake-up' packs will include a single page summary with key information such as name, company, total pension contributions and value of the pot.
The rules from the regulator require the packs to be sent to members when they reach the age of 50 and then every five years after that.
If you're over 50 and receive one of these packs, have a good read. It's always tempting to put the information in a draw to read 'later', but that's not a sensible approach as the countdown to retirement begins.
You should call 0800 138 3944 to book a free appointment. The sessions can either be face-to-face (at a local Citizens Advice office) or conducted over the phone. There may be a bit of a wait before you can have a discussion.