Your pension works on compound interest. This means the younger you start saving into it, the more power it has to grow.
A pension is a pot of money that will help you to cover the cost of living when you retire. Most people will have two types of pension, The State Pension and a Workplace Pension.
9 out of 10 people
stay opted in to their Workplace Pension.
It's never too early to start saving into a Workplace Pension. The sooner you start, the faster your pension savings can grow. That's all thanks to the power of compound interest.