Pension compound return magic!
Compound interest, described by Einstein as “the greatest mathematical discovery of all time” can generate some quite dramatic results, reinforcing the theory that the earlier employees start saving the bigger their final pension could be.
By saving £100 a month for 40 years, with investments compounding at 12% a year, could see a member building up a pension pot worth in the region of £980,000!
Information correct as of April 2015. Visual issued May 2015