Take advantage of a 'free' pay rise

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take advantage of a free pay rise

The sooner you start saving the more your pension will grow.

You might think pensions are too complicated and you don’t understand them, but the fact is they are a crucial, tax-efficient savings vehicle that can help give enough money to live on in your retirement.

Worryingly though, only two thirds of UK adults are currently saving for retirement, and of those many aren’t saving at a level that will give them the pension pot they hope for in retirement.


The benefits of saving into a pension

To put it simply, a pension is a long-term savings plan with tax-relief. The has a number of advantages that will allow your retirement savings to grow more quickly than in a different type of investment. Your payments are invested so that they grow throughout your lifetime and provide an income for you in retirement (from age 55 onwards).

Clearly pensions are complicated, but what’s absolutely clear is that advice is critical if you want your money to work harder for you. If you’d like to discuss this in more detail, please speak to us and we’ll talk you through your options.

There are rules regarding how much you can contribute to a pension and how much the government will add to your contributions through tax relief.


The value of investments and any income from them can go down as well as up and you may not get back the original amount invested.

HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.


If you’re concerned, you’re not saving enough into your pension, or want to check you’re on track for a comfortable retirement, please get in touch



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