AdviserCome in, Priya. So, you booked a session about pensions — what's prompted you to think about retirement at twenty-four?
PriyaFriends think I'm mad, honestly. But I've read that the earlier you start a pension, the easier it is, so I want to begin now rather than leave it for years.
AdviserThat's exactly the right instinct. And the very first thing you should do is simple: join your workplace pension, because your employer pays in too — that's free money you're currently turning down.
PriyaI had no idea they matched my contributions. What about the state pension, though? Won't that cover me?
AdviserAh, this is what shocks most people: the state pension is far too small to live on comfortably, and you won't receive it until your late sixties anyway. Treat it as a bonus, not a plan.
PriyaThat is a shock. So why does starting at twenty-four make such a difference?
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