![\"Smart](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/11\/Businesswoman-1200x675.jpg\")
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Image source: Getty Images<\/p>\n
Securing an early second income can pave the way to supersize earnings in retirement. And looking at the UK State Pension today, that might be essential. Why? Because even the full \u00a3230.25 a week currently being offered falls short of the bare minimum experts believe individuals need to survive retirement.<\/p>\n
Fortunately, by investing in top-notch UK shares, it\u2019s possible to not only earn some passive income but also generate double what the State Pension provides. Here\u2019s how to do it with just \u00a3355 a month.<\/p>\n
The investment plan<\/p>\n
On a yearly basis, the UK State Pension works out to be \u00a311,973. The objective of this investment strategy is to double that, unlocking a second income stream of \u00a323,946 for a combined total of \u00a335,919 a year. And to achieve this, investors can use dividends.<\/p>\n
Right now, the FTSE 100 offers a yield of 3.06%. That means for every \u00a3100 invested in a low-cost index tracker fund, an investor will earn \u00a33.06. And scaling this up to the \u00a323,946 target means a portfolio will need to be worth \u00a3782,550. Needless to say, that\u2019s not pocket change.<\/p>\n
Fortunately, there\u2019s a powerful alternative. Through stock picking<\/a>, investors can concentrate their capital exclusively in quality high-yield shares. And it\u2019s not unrealistic for a custom portfolio of UK shares to generate a yield closer to 6%, dropping the required portfolio size to \u00a3399,100.<\/p>\n Again, that\u2019s still substantial. But if someone were to invest \u00a3355 a month at a 10% total return (6% from dividends + 4% from capital gains), it would grow into a \u00a3400,000 portfolio in roughly 24 years.<\/p>\n Earning a 6% yield<\/p>\n When venturing into the realm of high-yield stocks, some caution\u2019s needed. That\u2019s because higher payouts are often paired with higher risk. So which shares should investors consider in 2025?<\/p>\n One stock I\u2019ve got my eye on right now is Domino\u2019s Pizza Group (LSE:DOM<\/a>). The UK\u2019s largest pizza chain has had a bit of a rough ride lately, dropping 41% since the start of the year. That\u2019s obviously painful for existing shareholders. But for new investors, it might be a lucrative 6.1% dividend opportunity<\/a>.<\/p>\n The company\u2019s currently navigating a pretty tough environment, with most consumers cutting down on discretionary takeout spending. As such, Domino\u2019s\u2019 growth has ground to a halt. This has only been made worse by rising costs, squeezing profit margins. But management isn\u2019t sitting idle.<\/p>\n Despite the rising pressure, the balance sheet remains sturdy. And leadership\u2019s using this financial flexibility to invest and reposition the business for recovery.<\/p>\n Product innovation, such as its Chick \u2018N\u2019 Dip, seems to be resonating with consumers despite lower spending. A new loyalty programme\u2019s being launched next year, and an automated logistics centre is currently being built to boost efficiency and operating margins in the medium term.<\/p>\n There\u2019s definitely a big question mark over when the takeaway cycle will heat up again. And there\u2019s still plenty of operating risks for management to tackle in the near-term. But with a price-to-earnings ratio of just 9.2, investors are setting the bar pretty low.<\/p>\n As such, even a glimmer of recovery might be all that\u2019s needed for Domino\u2019s\u2019 shares to surge. And it\u2019s not the only stock I\u2019ve got my eye on that could help investors beat the State Pension.<\/p>\n","protected":false},"excerpt":{"rendered":"Image source: Getty Images Securing an early second income can pave the way to supersize earnings in retirement.…\n","protected":false},"author":2,"featured_media":286743,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,131,132],"class_list":{"0":"post-286742","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-finance","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/286742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=286742"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/286742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/286743"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=286742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=286742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=286742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}