Marvin OnumonuSavers are setting new financial goals for 2026, with pension contributions moving up the priority list, research from Pensions UK found.
Reviewing and reducing monthly spending was the most common goal, rising to 31% from 26% in 2025.
Building up emergency savings also increased, with 28% planning to do so, up from 21% last year.
Younger savers under 35 led the way, with 31% prioritising emergency funds compared to 24% among those aged 55 and over.
Saving for specific goals such as a housing deposit, holiday or education remained important, with 26% planning for these.
Paying off debt was a priority for one in five, with 23% of those on average household incomes between £28,000 and £48,000 focused on reducing debt.
More people are looking to grow their wealth, with 12% planning to open an ISA, up from 7% last year, and 14% intending to invest in stocks, shares or other assets, up from 10%.
Pensions saw the biggest change.
Around one in 10 planned to review their pension and retirement goals (12%) or increase contributions (10%).
However, when asked what they would do after reviewing their pension, nearly a third (30%) said they would increase contributions, up nine points from 2025.
Among those with defined contribution (DC) pensions, this rose to 34%, and among savers under 34, 40% would boost contributions.
Higher-income households (£48,000+) were more likely to act (40%) compared to those earning under £14,000 (19%).
Other actions included checking pension balances (23%), reviewing projected retirement income (16%), updating beneficiaries (10%) and combining pensions into one plan (8%), with younger savers at 11% compared to 5% for those aged over 55.
Few would consult a financial adviser (9%), change investment options (6%) or decrease contributions (2%).
One in five said they are happy with their current plan, while 18% said they do not know what steps to take.
Matthew Blakstad, deputy director of strategic policy and research at Pensions UK, said: “The start of a new year is the perfect time to reset financial goals.
“While everyday needs often take priority, it is encouraging to see people increasingly willing to take action on pensions.
“However, experience shows that our best-laid plans for our pensions don’t always translate into action.”
Blakstad added: “Almost a third of savers told us they would increase their contributions if they reviewed their pensions – a significant rise on last year.
“This demonstrates that the appetite is there and reinforces why government should revisit Automatic Enrolment contribution levels.
“Many savers are already prepared to pay more, which would help them achieve the lifestyle they want in retirement.”
He said: “Whether it’s a small increase in contributions, or just checking your projected income, simple steps today can make a real difference over time.
“Balancing immediate responsibilities with long-term planning is never easy, but pensions remain a cornerstone of financial security.
“Whether you are just starting out, or reviewing your plans as retirement draws closer, even small steps can help secure the life you want in the future.”
