– Contributions are made by you (and others)
– Through tax relief, the government ‘tops it up’
– Later in life, you will have an income to live off of
If you can, contribute to a pension. After retiring or turning 55
working less, you’ll still need an income to live on. You’ll have a better chance of living the retirement lifestyle you’d like if you start thinking about where your income will come from sooner rather than later.
Putting money aside for retirement income is a
benefit of a pension, even if there are other ways to save or invest.