Starting early makes a big difference

What your pension fund could be worth at retirement if you save £100 a month:

Source: Virgin Money. £115,000 is the extra amount you could have in your pension fund at retirement if you start saving at age 25 instead of 35. The above example assumes you pay in £100 a month, basic rate tax relief of 20%, investment growth of 7% a year and a retirement age of 65. Virgin Money’s charges have been deducted. The figures are examples only and not guaranteed. Inflation will reduce what you can buy in the future with these amounts