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Statisics show that we're all living longer, so we might need to plan for longer retirements. The basic state pension and any other benefits you are entitled to are a start, but it may not be enough to give you the standard of living you want in retirement.
It can be easy to put off contributing into a pension, after all there's always something you'd rather spend your money on. But a pension could be one of the best ways to invest your money because of the tax relief that might be available. Although rules relating to tax relief may change in the future, putting away a little each month now could really help make a big difference to your retirement.
After working hard all your life you're probably looking forward to enjoying your retirement. Now you just need to make sure you have the right plans in place so that you can afford to live the life you want.
One of the most important decisions you'll have to make is how to fund your retirement. As well as any money you have in your pension and any annuities you may have purchased, you may also be able to use any savings or other investments you have and even your own home to help boost your income.
With so many different options for funding your retirement it can be difficult to know what's right for you. Ultimately you want to know you're making the right decision for your future, so it's worth taking the time now to understand your options.
It's never too late or too early to start a pension
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