15 September marks Pension Awareness Day and it got George, our new Apprentice, thinking about what pensions mean…
Pensions are a mysterious thing to many people my age, as most of us youngsters perhaps don’t realise how important they are. Maybe this is because schools don’t teach us enough about these things! It can be a daunting issue that we don’t think to take seriously until we’re in our late 20’s/early 30’s but the earlier you start to save, the easier and more rewarding your retirement will be.
In recent years the government has tried to encourage people to invest into a pension, in particular promoting the workplace pension scheme which up until recently I didn’t even understand. At 18 years old, the thought of having to take retirement seriously had seemed irrelevant and boring as it’s so far away but I’m begnning to think that I too should start saving now so that I can invest in my retirement.
It doesn’t matter what type of pension you choose as each type has their ups and downs, so find one that’s https://premier-pharmacy.com/product-category/womans-health/ right for you. The main thing is that you have investment in place. You can spend hours researching the best places and ways to invest your money for the future but in summary, the key thing to remember is to make sure that you actually have a pension and that you’re planning ahead. When it comes to pensions you’re never too young to plan ahead!
Think about it this way, what would you rather do? Put away £50, £100 or more each month now? Or, when you come to retire, just have your state pension and not any extra in your remaining years where you could have your feet up and enjoy yourself, sipping on a cold beer on a Spanish beach, all because you wanted the latest video game or a new pair of trainers?
The choice is yours and your retirement years truly are all about how you save for them.
I’d love to hear your thoughts on pensions, so do get in touch!
