There’s the old saying ‘you’re never too young to start saving’ and that’s the way you should always be thinking. Okay so when you hear the word ‘pension’ at 12 years old it isn’t going to mean much, but you’ll start contemplating it a bit more when you’re in your early 20s and that’s entirely normal.
Think of it this way, the earlier you start your pension, the more years you can build up that money. Thinking about your retirement isn’t normal at 20, but that day will eventually come, and you shouldn’t forget how important a pension could be.
Many experts say you should put in to a pension as soon as you start earning, but there may be other items on your agenda; perhaps saving for a mortgage, saving to go travelling and planning a family. One day you’ll naturally realise it is right to start a pension and we’re not saying you have to do it now, we’re just staying you should keep it in mind.