00:00:00 - 00:34:07
So let's talk about the benefits of your workplace pension. Honestly, it's not that boring. It's actually quite simple. It's your employer or trustee that does the legwork as well as contributing some money. And it's all for you. Often it comes straight from your salary so you don't even notice. Essentially, it's extra money. Here's an example. You put in 40 pounds your employer puts and 30 pounds tax relief on your contribution.
00:34:07 - 00:53:03
Adds another 10 pounds. Thank you. So that comes to a total of 80 pounds doubling what you put in. The earlier you save, the larger your savings could be, because your investments could have more time to potentially grow.
00:53:05 - 01:15:15
No, it's never too late to start. Unless you've retired, that is. Retirement may seem a long way off. But trust me, it's never too early to start saving. Getting started early will give you the best chance of having the lifestyle you want. After all, the finer things in life don't have an age limit. Let's not forget about people still in work.
01:15:17 - 01:37:06
Like me, for example. Let's see what I already have in mine. See if I want to add some extra to it. It's simple. I can just check online. It's easy to see what you've got using the online tools to make sure you're on track. It just so happens I'm happy with mine. I know what you're thinking. It's complicated getting started right?
01:37:08 - 02:01:00
Wrong. Saving into your workplace pension is simple. Support is available online through webchat or a quick phone call away for free guidance. Sure, you can opt out but that means losing out on your employer contributions so you can wave goodbye to that extra money. It's hassle free, so all that admin you may fear,
02:01:02 - 02:25:22
It's all done for you. All you need to do is agree to remain part of the scheme. So it's really not complicated, not confusing and certainly not something you should be putting off till a later date. Oh, hey. Oh, and one last thing. Remember, it's your pension, which means you own it. So you can choose how much you wish to put in, the investment funds and the retirement options when you come to retire.
02:25:24 - 02:29:16
A bit like Harry over there.
02:29:18 - 02:50:11
Each to their own. Oh, and don't be worrying about what to do next. Aegon will be in touch to guide you the rest of the way. But in the meantime, if you do have any questions, just speak to HR. See, I told you it wouldn't be boring.
