Private: Retirement Basics
THE PROBLEM WITH DELAYING PLANNNG FOR RETIREMENT
If you think retirement planning is something you can put off for a few years without any consequences, think again. The pension contributions you make today can be the most valuable you’ll ever make, simply because they’ll be invested for the longest period.
It’s easy to put off planning for your retirement for a year or two. Trouble is, two years can soon turn into more, and by the time you get round to starting saving, the cost of the retirement income you need could have risen considerably.
Pensions are one of the most popular ways to save for a financially secure retirement. And it’s no wonder – they have a range of tax advantages that makes them hard to ignore.