You don't need to save huge amounts from the start. Most people
aren't saving as much as they need to, to reach their retirement
income goal. So if this applies to you, you're not alone. But it's
better to be saving a little rather than nothing.
The later in your career you leave it the more you will have to
save each month. It is better to save something now and begin to
build up than to start a lot later on in your career.
You can use the Money
Advice Service's Pension calculator to work out how much you need
to start saving to reach your retirement goal »
Your pension investment options
If you haven't made an investment choice then the money you are
saving will be invested in the default fund for the pension scheme
you are enrolled in. If you are not sure where your money is being
invested then you should check with your employer or pension
It is normal that you will be asked about where you would like to
invest your pension savings. Pension providers try to keep this as
simple as possible and offer a range of funds which are suitable
for most people. These funds will invest in different assets and
carry different levels of risk.
More information about investing your pension
Where can I get some advice?
In some cases, saving for retirement can become complicated, and
you may feel you need to speak to a professional about your pension
policies and how they are invested. If you feel you need advice
about what to do, it is worth speaking to your financial
If you do not
have an adviser, you can search for an adviser local to you here