#TalkMoneyWeek - Pensions Top Tips

Here are our Money Adviser Stuart’s top tips:

• Start saving into a pension scheme as early as possible as this gives the pot more time to grow.

• Most young people start to think of saving into a pension after they have bought a house or had children as they think these things are more important. Don’t leave it that late.

• Start with small contributions if you need to, putting a small amount in early is better than leaving it later and having to put more in.

• Make additional payments to an employer’s scheme, as most employer’s schemes will only provide a top up to the state pension.

• Anyone who is self-employed should consider paying at least class 2 National Insurance contributions in order to keep the state pension for retirement but seek advice.

• The older you are, and nearer to retirement, the more you should pay into a retirement fund, if you are able to.

• There are other ways to fund retirement for lump sums as well as income such as ISA’s.

• Check what age you can claim your state pension Check your State Pension age

• Check your national insurance record which affects the state pension you will get Check your National Insurance record

• The best time to start saving into a pension for most people was ten years ago, but the second best time is today!

Take a look at your pension provision, or consider Stuart's advice if you haven't. Chat to your family, friends and colleagues - #talkmoney week is a great to get chatting and finding out more - #DoOneThing

For lots of money-saving tips, also download our FREE 'reducing everyday living costs' booklet and start saving today