What Is a Pension? Types of Plans and Taxation
What Is a Pension? Types of Plans and Taxation
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Here’s a simple breakdown of how a pension actually works ☝🏼 Having a pension is one of the best financial decisions you can make. It’s money invested for your future, it saves you on tax, and thanks to compound growth, it can grow into a huge retirement pot over time. If you’re employed, make sure your employer is matching your contributions — that’s free money for your future that you don’t want to miss out on. The earlier you start, the easier retirement becomes. | Moneymatters.uk
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