Pension
A pension is a long-term savings arrangement designed to provide income in retirement, often with tax advantages..
1 min read Planning for Retirement
What it means
A pension is a long-term savings arrangement designed to provide income in retirement, often with tax advantages.
Example
You and your employer contribute to a workplace pension throughout your career to build retirement savings.
Why it matters
Understanding pensions is essential for long-term financial security.
Most pensions cannot normally be accessed until the minimum pension age except in limited circumstances.
Why should I start a pension early?
Starting earlier gives investments more time to grow through compound returns.