A pension is a method for saving towards your retirement needs. Contributions to pensions benefit from tax-relief from the Government and are also afforded a variety of favourable tax treatments whilst invested.
Many people find that the State Pension is not sufficient to provide them with the income they require in retirement and therefore, further pension saving is of great importance.
Contributing to a pension as early as possible gives you the greatest time horizon to benefit from potential investment growth.
A financial adviser can help you maximise the opportunities afforded by pension contributions, suggest how funds should be invested, and guide you through your retirement options.