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From lean to routine

In just a few small steps you could be on your way to becoming financially fitter.

Important information - the value of investments and the income from them can go down as well as up so you may get back less than you invest.

You may not have given much thought to how healthy your retirement savings are - especially if you’re just beginning your career. After all, retirement seems like a long way off for most people.

Yet there are all sorts of reasons to start thinking about your pension as early as you can.

For one thing, the money your employer pays into your pension, along with any money you may pay in, will have years to benefit from compounding.

Time really is money

In this video, Maike Currie explains how the power of compounding means deciding when you start to save into your pension pot can have an even bigger impact than how much you pay in.

" Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it."

Albert Einstein

Einstein is a man worth listening to; for every ten years you wait, you may need to pay in more than double to get the same retirement income.  Read more about our assumptions.

Tax treatment depends on individual circumstances and all tax rules may change in the future. The minimum age you can normally access your pension savings is currently 55, and is due to rise to 57 on 6 April 2028, unless you have a lower protected pension age.

Understanding the effect of market changes on your pension

Many people across the globe face financial uncertainty. With a lot to process, you may be worried about your job, your family and what this means for your long-term retirement savings. You are not alone. We have put together list of helpful questions and answers tp help you manage your pension through uncertain times, and you can stay up to date with our latest expert news and insights on global markets and investing.

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