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.
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