Pension UK: Warning as 1 in 10 stop pension saving – implications for your pot | Personal Finance | Finance


This move could have potentially disastrous implications later down the line, so it is important for Britons to consider their actions.

While the Money Advice Service acknowledges circumstances can prove difficult in some occasions, it has urged people to think carefully about saving. 

By stopping savings, either through a private, personal, or workplace pension arrangement, people could stop building up the benefits which will help them in later life. 

Referring to workplace arrangements, the website states: “You would be surprised at how much you could lose out on in terms of contributions from your employer and tax relief and investment growth.

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