Start a pension
Unless you have an inheritance on the way, have millions in property, or are happy to rely on the state pension, there really is no better way to provide for your retirement and it is NEVER too early to start.
The big deal of course is that the Government gives you tax relief on your contributions. Basic rate income tax is 22% at present. So for every 68p you pay into a pension, the government tops it up to £1. Basic rate tax drops to 20% next April. Great you say. But now you have to pay 70p in for every £1 going into your pot. So it makes sense to maximise your contributions in this financial year.
