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Why take out a pension?
- A secure retirement It’s important to have a personal pension to make sure you get the standard of living you want in your retirement. One of the best ways of doing this is to start paying into a pension scheme as soon as you can
- Protect yourFamily While the state pension has no direct provision for passing over your pension entitlement on death, it is common place for private pension plans to make provisions for the holders family.
Start as soon as you can
- Get More from your moneyIt's best to start a pension as soon as you start earning. The sooner you start saving the more your money will earn as the interest your savings have earned goes on to earn interest itself
- You can retire earlierPeople who leave saving till later in life can end up with smaller pensions or have to work longer to make up the money. .