Pension Fund Charges Can Seriously Damage Your Wealth – Money Tips 365 Day 37

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Pension Fund Charges Can Seriously Damage Your Wealth

How much is your pension fund charging you? It can make a huge difference to your eventual retirement fund and income.

The average saver in the UK will accumulate a pension fund over your lifetime of £200,000.

If you choose a scheme where the fund charges are 0.4%, compared to a fund charging 0.75%, a difference of 0.35%, the difference is £70,000!

Source: Keith Lay, People’s Partnership

Take independent financial advice on pensions.

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