And remember UK approved pensions are “free money”!
You earn £40,000 per annum.
You pay £3,200 into your private pension.
It gets £800 quid paid in by the Gov as a tax rebate, so increases by £4,000.
Equals 800 free quids.
I was in a company scheme where the employer paid extra but I left that company. After a couple of years, I started a different private pension, and arranged Direct Debits linked to inflation. Once set up, no self control, nor close management necessary.
Consolidated all pensions and paid for professional advice. That advice paid for itself within two months.
e to the eye, pie, plus one equals zero…as near magic as it gets.