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By Mike Freer of BWCI
AFTER an Easter weekend of sporting mayhem, tension and jubilation in the Freer household, I sat back to reflect on why I save.
Was it my family upbringing, because it’s just what you do or was it because of my early career in a bank?
Whatever your passion in life is, we all have dreams and aspirations throughout our life cycle. This may well relate to “what do I want to do when I leave school”, “my special birthday treat/adventure” and, of course, “when I retire”.
My conclusion was that having money at any time, but especially in retirement, will allow me choices in life. The option to shop or eat at certain shops/restaurants, sit at the front of a plane, drive a fast or vintage car, watch my favourite sports team live, travel the world etc.
Without personal or workplace pension savings, most of us will not have these options or opportunities.
The added benefit of pension savings is that many of us will receive Jersey tax relief of up to 20% on our contributions (maximum being the lower of total earnings or £50,000 per annum).
Therefore, why not let Revenue Jersey part-fund your dreams?
