Saving for retirement is extremely important. People are living longer and leading more active lives in retirement. As a result it is more important than ever for you to think about where your income will come from when you retire.
Pension have a number of advantages:
 when you retire, a pension replaces a portion of the lost income;
 pension schemes can provide protection in the form of a lumpsum and pensions to dependents in the event of a member’s death;
 your pension is tax exempt