{"id":34289,"date":"2016-12-05T10:41:58","date_gmt":"2016-12-05T10:41:58","guid":{"rendered":"http:\/\/www.jomec.co.uk\/altcardiff\/?p=34289"},"modified":"2016-12-05T10:41:58","modified_gmt":"2016-12-05T10:41:58","slug":"in-depth-it-pays-to-save-a-pension-early","status":"publish","type":"post","link":"https:\/\/cardiffjournalism.co.uk\/altcardiff\/2016\/12\/05\/in-depth-it-pays-to-save-a-pension-early\/","title":{"rendered":"In depth: It pays to save a pension early"},"content":{"rendered":"

Never thought about your pension? It’s the perfect time to start planning ahead and imagine your ideal retirement lifestyle, say experts<\/strong><\/p>\n

Retirement isn\u2019t something we worry about at 19 and have student debt, or when we\u2019re 25 and receiving entry level pay-checks. What about when we\u2019re 29 and trying to scrape some funds for a mortgage?<\/p>\n

The 2016 cuts in UK interest rates to a new low of 0.25% is concerning to us all. Add that to this year\u2019s 7.7% increase in housing prices and the near future looks unpromising, let alone our OAP futures.<\/p>\n

Scottish Widow\u2019s 2016 Retirement Report<\/a>\u00a0shows that 29-32 is the age current 18-21 years olds think we should start saving for a pension, while 31% of us believe our retirement lifestyle can be funded by inheritance.<\/p>\n

But investment groups are encouraging the British government to ensure we start thinking about pensions\u00a0soon, and to observe our current financial situations with eyes to saving for\u00a0retirement.<\/p>\n

While the governments attempt to do so seems successful in figures with 56% currently saving, 40% are only doing so because of workplace auto-enrollment. The self-employed\u00a0are therefore left somewhat in the red.<\/p>\n

Here’s what Cardiff’s\u00a0<\/strong>self-employed have to say about pensions:<\/b><\/p>\n