Early pension savings can pay off

Pension savings in your 20s and early 30s could outweigh the value of savings for the 30 years leading up to retirement, according to a new study.

8th October, 2011

Pension savings in your 20s and early 30s could outweigh the value of savings for the 30 years leading up to retirement, according to a new study.

Twenty-somethings are missing a vital opportunity to boost their retirement income, according to the study from Independent Trustee Company (ITC), which showed that time was more important than money when it came to pension planning.

‘‘We ran a pension savings model which showed that, if a person saved for...

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