As a nation we are living longer so the need for a realistic retirement plan is very important. The state pension age is 66 and is due to increase further to age 67 in 2021 and 68 in 2028. There’s never been a better time to start or review your pension.
Remember this is your retirement fund so basically the more you put in the more you’ll get back,choose your funds wisely and for most people it’s best to talk to a broker as they will complete a risk profiling questionnaire and know what kind of investment category you fall under.
The tax relief on pensions is still fantastic for both self employed and Paye workers.
None of us want to be working into our seventies so start paying yourself a wage today and get started.
Call me for any pension queries or questions you have.