Auto-enrollment permits UK taxpaying workers to contribute to a office pension tax-free and their employer will contribute as effectively.
As Ms Savova famous, each bit counts: “Finally, saving for retirement is a marathon, not a dash, and it’s essential for savers to maximise their contributions to make sure they’ll afford to retire comfortably when and wherever they want.”
She steered, particularly for these trying to retire overseas, that they “take the time to know how this determination will have an effect on their retirement financial savings.”
Individuals who transfer overseas earlier than their precise retirement, and due to this fact cease paying into their UK office or personal pension, needs to be cautious of forgetting these financial savings pots.
