Скачать или смотреть Should you pay into a pension or not?

Pensions are absolutely worth it when you understand the incredible benefits.

You can read more about whether pensions are worth it here - https://financialeducation.co.uk/are-...

This video shows you exactly why pension contributions are the best investment you'll ever make and how to maximise every penny. You'll discover the amazing pension tax relief that gives you instant returns and the tax-free cash bonus waiting at retirement.

Workplace pensions with employer matching literally give you free money - miss this and you're throwing cash away. The government adds 25% to everything you contribute through pension tax relief, and higher rate taxpayers get 40% extra. That's better returns than any investment before your money even starts growing.

The state pension provides £11,973 a year guaranteed income for life - that's worth about £300,000 if you bought it privately. Plus your pension pot gives you 25% tax-free cash at retirement. Got £200,000 saved? That's £50,000 in your pocket with no tax at all.

But pensions work best when combined with ISAs for the perfect retirement strategy. Use ISAs for flexibility and emergency funds, pensions for the incredible tax benefits. The £20,000 ISA allowance gives you penalty-free access while your pension grows with all that bonus money from auto enrolment.

Financial planning means using both tools together. Build your emergency fund in ISAs first, then maximise employer pension contributions for the free money. Gradually increase your pension strategy by 1% each year when you get pay rises.

Actionable Steps To Start Today
Check if your employer offers pension matching and contribute enough to get the full amount - it's free money you can't afford to miss. Review your current pension contributions and consider increasing them by 1% if you can afford it. Set up a cash ISA for your emergency fund before boosting pension payments.

Log into your workplace pension account and check the fees - switch to cheaper funds if they're high. Use the government's pension calculator to see how much your contributions could grow. Register for your state pension forecast on gov.uk to plan around what you'll actually receive.
Start small with auto enrolment minimums if money's tight, then increase gradually. Use ISAs for short and medium-term goals while pensions handle long-term retirement income. Get free guidance from Pension Wise if you're over 50 or Money Helper for general advice.

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