When people think of pensions they think of the distant future when the fact is it’s not so distant. When planning for retirement you should start at the beginning of your career and not near the end. With a pension it must be built up over years and years as it pays for your livelihood for the rest of your life once you retire. Everyone is entitled to the basic state pension once they’ve reached their quota of national insurance contributions. If you want a more financially flexible retirement you may want to think about another pension. You can ask at work if they offer one, you could open a savings account or invest in bonds or shares. There are plenty of possibilities to save more for your future, so start now!
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