How big will my pension pot be?

The amount of your pension pot will depend on:

• the amount of money invested in your fund;
• the performance of your investment fund; and
• when you decide to take your pension – that is, how long the money remains invested.

It is important that you give your pension fund a regular health check over the years to make sure you are on track to get the size of fund that you want. You will receive annual statements that show the value of your fund to help you with this. Remember, contributions made while you are young are going to have more years to grow with investment returns.

You may also wish to speak to an Independent Financial Adviser (IFA) before making your choice. See the Financial Conduct Authority’s website for tips on finding an adviser.