It is ever too early to contribute to your pension fund?
While many younger people may feel a pension fund is something you look at later life, this is not the case. The bottom line is that the more funding you move into your pension fund at an early stage the more chance of financial gains. However, it is proving very difficult for the government to attract the attention of younger workers in the country who have access to pension fund arrangements but may not quite understand what is happening.
In essence it is never too early to contribute to your pension fund because as soon as you are able to work and you pay tax you are in a position to fund your own situation. How and where you invest your hard earned pension fund money is open to debate, but a decision should only be taken after discussing the situation with a professional pension adviser.
The UK state pension has been a godsend for many people in the past but over the years the spending power of the state pension has fallen dramatically. Some time ago the government withdrew a link between average earnings increases and the state pension, something which has never been mended and still impacts upon people to this day.
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