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The Independent Automotive Aftermarket Federation

Preparing for retirement: advice from Ben

Date: Wednesday 16 September 2020

More people in the UK are saving into a pension scheme than ever before, thanks to the introduction of auto enrolment in 2012. But, did you know that up to 35% of UK adults still don’t have a pension?

For Pension Awareness Day Ben put together some practical tips and advice to help people think about their pension and get retirement ready.

Many people think they will be able to live comfortably on a state pension, but this will only cover basic needs. It’s important to start building up a private or workplace pension as early as possible. Plus, pension schemes will also come with some tax relief, so people can put more away for a rainy day than relying on savings alone.

Pensions can seem complex, but there are some simple things people can do to plan for the retirement they’d like. To read Ben's tips and advice CLICK HERE.