Why Workplace Pensions Matter So Much

Paying into your workplace pension gets you free money from your employer and the government, and starting early on can have surprisingly big benefits. Thanks to the magic of compounding, saving even just a little in your 20s can leave you with a bigger pot than putting more away later on. This week our host Kia Commodore unpicks workplace pensions with Kim Brown, Legal & General’s Pension Scheme Director. How can you plan your pension, from managing parental leave to choosing the right investments for you? How much do you need to retire, and what State Pension could you be entitled to? When should you think about paying in a little more, and what should you think through if you want to save less? And a lot more besides.  You can find out more about pensions on our website: htps://www.legalandgeneral.com/retirement/pensions/ As you listen, there are a couple of important points to bear in mind. First of all, in this episode Kim shares several pension growth numbers. They’re based on a series of assumptions about how the markets could perform. They’re general examples of how things could work out, not specific financial predictions. And in every episode Kia and her guests share their own personal thoughts and opinions, which might be different from Legal & General’s take on things. They give financial guidance for a UK audience that’s relevant at the time of recording. Again it’s general best practice, not the kind of personalised advice you’d get from a financial adviser. You can play the podcast here: https://www.legalandgeneral.com/podcasts/a-little-bit-richerSee omnystudio.com/listener for privacy information.