Personal Finance

Why you should keep paying into your pension even in hard times

A pension is the closest thing to free money we are going to get – so even when economic challenges loom, we should keep our contributions up

For most individuals, pensions remain the optimal way to save for retirement

When economic downturns and financial challenges loom, many turn to their financial advisers with a common question: is it wise to pause my pension payments? In almost all cases, the answer is no.

While high inflation and the need to make ends meet may lead to financial concerns, it's vital to prioritise savings, particularly for essentials. Cutting back on non-essential expenses is where savings should be made at times like these, but it's crucial to ...