At the age of 20 you’re probably only just starting to think about buying your own car with the daunting prospect of getting on the housing ladder looming ahead. In a tough financial market, it’s hardly surprising that not one thought has gone into planning a pension, but in this case, the sooner you start, the better retired life will be.
It’s suggested that you should start putting away up to 10% of your annual salary at this young age to be in with any chance of living comfortably in later life, even though chances are you’ve only just secured a position you’d consider long term. Newcastle Building Society has compiled the following Infographic to tell you everything you need to know about planning for the future, even if retirement isn’t on your agenda quite yet.
Infographic by: newcastle.co.uk
It’s suggested that you should start putting away up to 10% of your annual salary at this young age to be in with any chance of living comfortably in later life, even though chances are you’ve only just secured a position you’d consider long term. Newcastle Building Society has compiled the following Infographic to tell you everything you need to know about planning for the future, even if retirement isn’t on your agenda quite yet.
Infographic by: newcastle.co.uk
