Why would I pay into a pension now?

Regardless of your age, there are always benefits to putting money into a pension as soon as you can, especially if your company is willing to contribute.

  • It’s a tax-efficient way of saving money consistently whilst you’re working

  • If you put a small amount in a month, that you won’t notice from your pay package it will barely feel like saving but will make a big difference when you’re older

  • Your employer will pay into it, if you do

  • You receive a tax-free lump sum once you retire (you can usually take up to a quarter tax-free)

If you’d like further information, head to the money saving advice website by clicking here.