The simple change to your pension that could help you retire three years early

Retirees will be looking for easy ways to top up their pension pots

If someone began working full-time with a salary of £25,000 per year, and paid the minimum enrolment contributions from the age of 22, they would retire at the age of 66 with a total retirement fund of £434,000.

Pensions can be an especially tax-efficient way of saving for higher rate taxpayers. For example, if you earn £65,000 a year and put £10,000 into a pension through salary sacrifice, the whole £10,000 would go in as a contribution. This can be useful for those approaching retirement age wanting to maximise as much tax relief as possible.

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