"I don't need a pension"
The Myth
"I don't need a pension - I'll just work a few extra years to make up the difference."
The Reality
People are living longer than ever before, and unfortunately working an extra couple of years won't necessarily be enough to support yourself during retirement.
"I've got enough on my plate already"
The Myth
"I've got enough on my plate already - I don't want to have to think about the future too."
The Reality
Just because you don't plan for the future, doesn't mean you won't ever have to deal with it. Starting now could make a huge difference to the kind of lifestyle you'll be able to have later on in life.
"I've left it too late to start my pension"
The Myth
"I've left it too late to start my pension."
The Reality
It's never too late to start paying into a pension. But if you're thinking about doing it, do it now. Starting a pension a few years earlier can make a real difference to how much money you get in later life.
"A pension gives me no flexibility, once I start I can't stop"
The Myth
"A pension gives me no flexibility, once I start I can't stop"
The Reality
With the active money personal pension, you get just as much flexibility as a mortgage. You can change your payment amounts, and even
stop and start them if you need to.
"I don't want to lock my money away"
The Myth
"I don't want to lock my money away until I'm too old to enjoy it."
The Reality
You might not have to wait until you stop working to access your pension money. In fact, you could access it from as early as the age of 55.
