Pension resolutions for New Year: 5 stocks you can buy

Highlights

• With the rising inflation, investors should consider increasing their contribution in retirement by one or two percent of their salary.
• The earlier one starts making additional contributions to their pension, more benefits one will get.

The year 2022 has just started and it’s a great time to get your finances in order to ensure next 12 months are in order. According to analysts, around £30,000 each year is required for comfortable retirement and for many it may also go up to £600,000.

Further, with increasing inflation it may go much higher in coming years.  

With the rising cost, investors should consider increasing their contribution in retirement by 1 or 2% of their salary. In addition, the earlier you start the making additional contributions to their pension, the longer your contribution have time to grow, thanks to compound interest!  

If your employer makes contribution in your pension funds make sure to look if your employer has made any changes to your pension fund, whether you are getting maximum amount available to you, where your pension is invested or if you need to level up your contributions. If you are self-employed Self-invested Personal Pension (SIPP) is a great option to invest for your retirement days.

© 2022 Kalkine Media®

Also read: Persimmon (PSN) & Imperial Brands (IMB): 2 blue-chip stocks to buy 

Let us now look at the some of the UK stocks that you may consider investing for retirement.   

1. Newriver Reit PLC (LON: NRR) 

Newriver Reit Plc is a leading real estate investment trust and its current market capitalisation is £270.38 million. Its earnings per share is 0.49 and it has given a return of 11.90% in 1 year. Its average dividend per share stands at 4.6% and its 5-year average dividend yield is 12.6%. The Newriver Reit plc’s shares were trading at GBX 89.30 as on 5 January 2022 around 8:11 am. 

2. EVRAZ Plc (LON: EVR) 

FTSE 100 constituent Evraz Plc is a multinational steel and mining company and the largest producer of infrastructure steel, with operations in the Czech Republic, Russian Federation, US, Kazakhstan and Canada.  Its current market capitalisation is £8,775.48 million. Its earnings per share is 0.58 and it has given a return of 24.61% in 1 year. Its average dividend per share stands at 13.4% and its 5-year average dividend yield is 11.1%. The Evraz plc’s shares were trading at GBX 611.40 as on 5 January 2022 around 8:14 am, down by 0.29%. 

3. Galliford Try Holdings PLC (LON: GFRD) 

Galliford Try Holdings Plc is UK-based leading construction group with aim to enhance built environment and delivering lasting change for the communities in UK.  Its current market capitalisation is £199.67 million. Its Earnings per share is 0.07 and it has given a return of 52.49% in 1 year. Its average dividend per share stands at 2.6% and its 5-year average dividend yield is 10.1%. The Galliford Try Holdings plc’s shares were trading at GBX 17790 as on 5 January 2022 around 8:15 am. 

© 2022 Kalkine Media®

Also Read: Are these 2 blue-chip telecom stocks good to hold in 2022? 

4. M&G Plc (LON:MNG) 

FTSE 100 Index constituent M&G Plc is a leading savings and investment company with aim to grow its customers’ wealth.  Its current market capitalisation is £5,186.81 million. Its earnings per share is 0.44 and it has given a return of 5.53% in 1 year. Its average dividend per share stands at 8.8% and its 5-year average dividend yield is 9%. The M&G plc’s shares were trading at GBX 208.60 as on 5 January 2022 around 8:18 am, down by 0.19%. 

5. Imperial Brands PLC (LON: IMB) 

FTSE 100 constituent Imperial Brands Plc is a fourth largest multinational consumer-focused tobacco company that operates across 120 markets.  

Its current market capitalisation is £15,298.69 million. Its earnings per share is 1.58 and it has given a return of 6.06% in 1 year. Its average dividend per share stands at 8.5% and its 5-year average dividend yield is 8.6%. The Imperial Brands plc’s shares were trading at GBX 1,636 as on 5 January 2022 around 8:18 am, down by 0.37%.

6. Centamin PLC (LON: CEY) 

FTSE 250 constituent Centamin Plc is a gold mining company with operation in Sukari Gold mine in Egypt. Its current market capitalisation is £1,027.16 million. Its earnings per share is 1.14 and it has given a return of -33.53% in 1 year. Its average dividend per share stands at 9.3% and its 5-year average dividend yield is 7%. The Centamin plc’s shares was GBX 89.20 as on 5 January 2022 around 8:18 am, down by 0.13%. 

Also Read: SSE & Centrica (CNA): Should you buy these 2 stocks in the new year?