I am absolutely astonished that half of UK adults do not have a pension. Pretty much the first thing I did after getting a job with an employer that offered a company pension scheme was sign up to it! I know that I am going to end up working until at least 70 as it is – so I want to start saving up for retirement now – despite there being nigh on 50 years before that happens.

Why start a pension? First of all, if it’s company pension scheme it is effectively free money, as employers pay in money as well. Secondly, you can never start saving too early for retirement. I’d rather end up with too much money then than not enough when I retire!

No matter how long there is or may be until you retire, it is never too early to start saving for it. I’m just quite shocked how many people haven’t bothered. How do they expect to live in their retirement? The state pension doesn’t go very far!