Why do I need a pension?

Last updated: 03 Mar 2020

Occupational pension schemes are designed to help you save money during your working life so that you can live on the money during your retirement.

The State Pension only provides a basic level of income that will be insufficient to meet the standard of living that we typically want to enjoy in our retirement.

It can be challenging to afford to save for your retirement however saving into an occupational pension scheme has tax advantages and employer contributions.

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