We have many ways to make your pension work harder, to let you choose when and how you will retire โ and even to let you do it when you are as young as 55 โ or in some cases even earlier.
The popularity of endowment mortgages, which were frequently sold to people who made no provision to repay them with a savings product has meant that many people enter retirement with a mortgage still to pay.
Your pension may well be the best investment you ever make. Thanks to the support provided by the taxman, every pound you put in your pension pot grows with tax relief, even before your fund manager gets to work to invest it on your behalf.
Many more of us are still hale and hearty at 70. The Office for National Statistics has even discussed whether with the increase in longevity we should view 70 as the new 65. But if we are living longer, we will have more old age to save for, and that could mean working longer to save it.
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