Feeling a little out of control when it comes to your retirement savings? We’ve put together a simple three-step checklist to help you feel in control and confident about your financial future.
Step 1: Find and combine pensions
There’s more than £26.6bn in ‘lost’ pensions in the UK. If you’ve changed jobs in recent years – some of that money could be yours!
Pension Operations Team Leader, Toni Locke, explains how to find and combine your pensions in-app.
Step 2: Maximise pension benefits
There are lots of ways to gain extra money for your pension, from 25% government bonuses on your pension contributions to employer matching. Here’s five ways to gain money for your pension.
Step 3: Start saving regularly
The sooner you start saving into a pension, the more time your money has to grow. So even small amounts set aside now have the power to turn into something much bigger, later. Save in a way that suits you, from using round ups to invest the spare change from your everyday purchases, to setting up weekly deposits or a payday boost.
Here’s how you could grow a £1 million pension pot.
As with all investing, your capital is at riskThe potential for loss. Usually, but not always, higher risk assets can have the potential for higher returns.. The value of your pension can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.
