A great way to save for your retirement
A personal pension is simply a way of saving money for your future retirement.
Pensions have one very important advantage - they're incentivised by the taxman. In fact, the taxman is very generous when it comes to personal pensions, adding to your pension every time you pay money in.
Every £80 you pay in is topped up to £100, giving your savings an immediate boost of 25%. And higher rate taxpayers can get even more.
Please remember, tax benefits depend on individual circumstances and may change in the future and the earliest you can currently take your pension is your 55th birthday (57th birthday from 2028).
Remember, the value of investments can go down as well as up and you may get back less than you invest.