What is Pension?
Personal moneyIncome to live on after you stop working, paid from savings built up during your career, by an employer scheme or by the state.
Think of it like: A gift from your younger self to your older self.
Real example: In the UK, auto-enrolment puts at least 8% of qualifying pay into a workplace pension, with at least 3% from the employer.
Lesson: Retirement: start early