When should I start a pension?
Feb 19th, 2007 by complex001
People normally start saving for the pension as soon as they start working. This wasn’t the case in the past, some thirty forty years ago, which is the reason why at present some ninety percent of the pensioners only rely on the State Pension. By contributing into your pension early and continue with your contributions throughout your working life, you should ensure that you have a sufficient pension in place, so that you do not rely on the State provision. As your annual income increases each year, your pension contributions should also increase to ensure that you are not under-funding your retirement.