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Will it REALLY improve my retirement if I increase my pension contributions

Read the artice i wrote for the This is Money website

Will it REALLY improve my retirement if I increase my pension contributions by 1% - or should I just enjoy the money now?

William Burrows, retirement director at specialist adviser Better Retirement Group, replies: The quick answer to this question is ‘yes’.

If you increase your pension contributions by just 1 per cent, for instance from 3 per cent of your salary each year to 4 per cent, you can expect to have a 33 per cent bigger pension pot by the time you retire.

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Billy Burrows

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If you want to make the most of pension freedoms you should start planning ahead and make sure your financial affairs are in good shape in the years running up to retirement.

William Burrows

William Burrows

Local office
Guildford, Surrey

Call: 07730 435 657

Better Retirement
Head office
Leeds Innovation Centre
103 Clarendon Road
LEEDS, LS2 9DF

If you need help or advice - Contact us

As one of the most respected specialist retirement advisers, William Burrows and Better Retirement will be pleased to help you make the right decisions at any stage of your retirement journey.

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