Currently the maximum you can get from the State Pension is only £175.20 per week, so planning for your future sooner rather than later is the smart way to ensure your financial security.
Imagine that from the age of 25 you stopped buying a £3.00 cup of coffee every day on your way to work and saved that money in your Account instead.
That £3.00 a day could be an extra £780 saved every year, or £31,200 by the time you reach age 65. If you also assume some investment growth, for illustration purposes say 5% each year, it could be worth nearly £100,000 when you reach age 65.
Pensions might seem complicated, but the idea is a simple one. It is an efficient way of saving for the future, as you get Income Tax and National Insurance relief on your contributions and you also receive contributions from AXA.
Our FAQs explain what happens if you take family leave, leave AXA, are made redundant, are absent due to long-term sickness, want to leave the Mastertrust, get divorced or die.