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When should I start my pension?

The earlier you start saving for retirement, the more time you will have to make contributions and the more time your fund will be able to grow. So, it is important to do this subject to what you can afford.

The later you start saving for your retirement, the less time you have to build up your fund and you will probably have to put more money in to give you the same pension you would have had if you started saving sooner. That said, it is better to have some type of fund, so start as soon as you possibly can, no matter how modest the amount.

Use the ITSYOURFUTURE online pension calculator to help you estimate the amount you need to contribute to meet your pension target at the age of 60 or 65.

 

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The following article may be useful resource to assit you and your loved ones in developing your retirement plan and creating a secure and safe future for you and your family.

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Dictionary of Terms

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