• Additional money given by your employer on top of your earnings
• Requires a monthly contribution from you

• You fund is invested over time, which could earn you money
• Growth isn’t guaranteed, and funds can go also go down

• Tax-free lump sum upon retirement
• Relies on you contributing money that you may need now

• An investment in your future
• If you need your money before retirement age, you can lose money in penalties

• Tax relief
• There are tax considerations to be aware of when you build a larger pot

• Pension contributions and investments are handled for you
• Complexity can make it difficult to make decisions, meaning you’re more likely to leave it as it is

• A feeling of security about later life
• If you don’t save enough, your fund may run out before you die