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The advantage of saving early

It’s well worth considering the benefits of saving with a workplace pension early as you can. Below we explore the advantages of thinking about your retirement plan sooner rather than later.

Why should I save earlier rather than later?

With a workplace pension like NEST, on top of the contributions that you make, you may benefit from your employer’s contributions and money from the government in the form of tax relief. Watch the video to learn more:

Starting to save younger – how you could benefit

View transcript

As you can see, the personal contributions total is the same. The key difference is that if you start saving earlier, NEST has more time to invest the fund, giving it a chance to grow – which could really improve your quality of life in retirement.

More information

To learn more about the benefits of saving early and how you can grow your expected retirement income, check out some of these links:

It’s never too late to save

Whilst it’s ideal to start saving as early as you can, there’s always time to make a real difference to your retirement prospects - and you can start right now.