This article explains the differences between Defined Benefit and Defined Contribution pensions, highlighting their respective advantages and risks, alongside the role of the State Pension in retirement planning.
Stocks and shares ISAs can significantly outperform traditional savings accounts due to tax benefits and potential higher returns, although they come with investment risks and fees to consider.
Starting a pension plan early can significantly grow your retirement fund, with potential differences of over £200,000 depending on your contribution start age and amount.
