It’s never too soon, nor too late, to start saving for your retirement.
Pension contributions can also be used as part of your tax planning strategy.
When should I start saving for retirement?
It’s never too soon to start saving for retirement, even if you’re young and have many years left until you’ll stop working.
We don’t know what the future holds – your circumstances could change and you may not be able to put money aside at that future point that you have in mind. Think about your future now and plan ahead.
The importance of goals
Goals are an important part of your retirement plan. I don’t mean a goal to save more. I mean a list of what is important to you when you retire – the things you want to do, where you are going to live, and so on.
Pensions are a long term investment. You may get back less than you put in. Pensions are subject to tax and regulatory change; therefore, the tax treatment of pension benefits may change in the future.