HR Grapevine Advent Calendar: Organising Santa's pension

We all know that the retiring age is getting later and later, and Santa is no exception.

As hard as it is to comprehend, one day Santa must hang up his red coat and boots and settle down, and when that happens, just like the rest of us, he will need his pension money sorted and ready to go.

Alan Morahan, Managing Director at Punter Southall Aspire, has been advising Santa about his pension plan.

The Department of Work and Pensions suggests for a basic lifestyle, not including Santa’s sleigh, he would need £12,000 a year. For a more comfortable lifestyle, Santa could keep his sleigh for the price of £26,000 a year, and if he wants a lavish retirement, he would need just over £40,000 a year.