This Mail on Sunday article offers a reminder of the importance of saving into a pension at as young an age as possible, as columnist Sally Hamilton tells readers, her one big financial regret is not starting to put money aside for retirement earlier. “Retirement saving was not my priority back then and I procrastinated for years before starting a pension – letting the savings habit slip during a period of freelancing,” she explains.
Hamilton highlights Department for Work and Pensions figures that show, while 84% of workers may be saving, “worryingly” the sums being put aside are slipping – the average private sector worker’s pension contribution last year declined to a low of £3,873, down from £6,782 in 2012. “Start early for less pain and more gain, I say,” she warns.
With 25 years’ experience helping individuals, families and businesses to place their financial affairs in context with their future goals and aspirations, The Financial Planning Group are here to provide a simple, structured, disciplined and reviewable planning and pension service. We will change the fundamental relationship people have with their money to give them confidence and clarity in their own future.
If you would like to like to arrange a consultation at our offices in the heart of Teddington, please call Tim Norris or Alan Clifton on 0800 731 7614.