No matter how old you are, it is not too late to start a pension fund. A pension is like planting a tree. The best time to plant a tree was 20 years ago, but the next best time is today.
Not everyone can become members of company pension fund or invest in private pension arrangements. Consequently, financial institutions have created several ways to help people prepare for retirement later in life.
It is good to think about your pension as early as possible because there are pension options that can help you save more money for retirement earlier on in life. If you wait too long, the contributions may not be enough for you to stop working or to cover expenses from travelling or doing other activities that may give you purpose and fulfilment after years of being at work every day.
How to calculate your pension pot
Our calculator is a quick, easy way to assess what your pension contributions should be. We base it upon your income now, your age and your desired income for retirement and calculate exactly what you should be saving to ensure you achieve your desired lifestyle in retirement.
Ensuring good fund performance
Make sure you read about our best pension plans before you make a decision on which fund is best for you. Fund performance and your annual management charge can have an enormous impact on the speed of your pension growth. This is illustrated clearly in the retirement calculator above.