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

Money Tips Daily by Charles Kelly, former IFA and author of

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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