Retirement

Maximise your employer’s contribution and the tax relief available to you, deferring your working income to your future self – they’ll thank you for it!

No longer an event, now more of a process: take some tax free cash to start a business/do an extension/pay off debt while you’re still working and contributing; move down to 3 days a week, drawing some income from your pension pot to plug the gap in income; then reduce the income when your state pension kicks in: it might be 15 years from beginning taking pension benefits to stopping work completely.

The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.