A good place to start retirement planning is to think about how you want your life to be when you stop work.
Chances are, you’ll want to be able to afford all the things you think would make your retirement enjoyable – whether that’s trips abroad, eating out, or simply being financially secure.
To meet your retirement goals, whatever they may be, you’ll need to start preparing now.
Here, you’ll find information which may help you get started, including how tax relief can boost your contributions, and how different types of pension work. Plus, the sort of considerations you might need to take into account when deciding whether to start a pension and how much to commit to one.
Please remember we don’t offer personal advice on investments, tax or pensions, so if you’re unsure how to proceed, seek professional financial advice.
The value of investments can fall as well as rise and you could get back less than you invest. If you’re not sure about investing, seek independent advice. Tax rules can change in future. Their effects on you will depend on your individual circumstances.