💨 Abstract

Anyone over 22, earning more than £10,000 annually, and employed in the UK is automatically enrolled in a pension scheme, benefiting from both employer contributions and tax relief. Starting early allows savings to grow significantly through compound interest. Katherine Wheatley and Kris Shergold, who started saving at 21, have seen substantial pension growth. Increasing pension contributions, even slightly, can add tens of thousands of pounds over time.

Courtesy: Sara Benwell