Your pension is invested with the aim of growing your money over the longer term. However, its value can go down as well as up and you could get back less than was paid in.

Laws and tax rules may change in the future. Your own circumstances and where you live in the UK also have an impact on tax treatment.

Pay more, get more?

Normally for every £1 paid into your pension plan, at least 20p of it is made up of tax benefits. This happens automatically. Your employer may even pay in more too.

Increasing contributions

If you want to, you can increase your contributions through MyPension .

It's a good idea to review your plan regularly, to make sure you're saving the right amount for you.

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