The Importance of starting a Pension Early Starting a pension may not be on top of your to do list, but with the State pension unlikely to increase in the future, are you confident you’ll have enough in retirement? Starting a pension early makes sense. if you start a pension early your money has more time to grow which in turn gives you a higher lump sum at retirement. As it currently stands pension contribution be it through company or on a personal level are the most tax efficient method of saving, so why not take advantage of it while it lasts. Have a look at the below illustration for confirmation; The above figures are illustrations only used to demonstrate potential investment growth you might get when you retire. We’ve made some assumptions; you claim tax relief at 41% on your contributions and that you’ll retire at 65. We’ve also assumed that your investments will grow at 6% per annum. So don’t delay talk to Stability Financial today, and get your pension portfolio in motion.