This week we have looked at the pitfalls of abandoning your pension contributions during difficult economic times. As the cost of living continues to rise and inflation reaches its highest level in forty years, the impact on household budgets is deteriorating.

In spite of the current economic circumstances, however, it is crucial to maintain a savings habit. Any pauses in pension payments might cost savers hundreds of pounds in the future, resulting in a lower income during retirement.

It’s essential to obtain professional advice. For more information about how Woodward Markwell can assist you through this complex process, please contact us to discuss your situation.