THE GOVERNMENT TOP UP:
Like a refund on tax you’ve already paid when you put money into a pension: e.g. for every £80 you put in, the government adds £20 (if you’re a basic rate taxpayer). Self - employed? Dw, you get this too!
When you pay in 5% or more of your qualifying earnings (money you make between certain upper and lower limits) your employer has to pay in at least 3%. Some employers even match your contributions. Bag that free cash!
THE LIFETIME ISA:
Not a pension, but you can also use a Lifetime ISA (LISA) for retirement savings: the government gives you a 25% bonus on what you pay in, up to £4k a year. You could get a massive £33k completely FREE if you opened one at 18 and maxed it out until you’re 50. Or, you can use it towards a deposit.