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.