1. When I retire, my income will decrease
Even if I make monthly payments towards my pension, pension payments from my compulsory pension plan will only amount to half of the income I have had during my lifetime. My income could therefore be halved when I retire unless I put more aside.
Average income per month during working life
Compulsory pension savings
2. Supplementary pension savings means a pay rise
If I register for supplementary pension savings my employer will pay a complementary contribution. My salary will increase by 2% as soon as I start to save and go directly towards my pension savings. My employer's complementary contribution is added to my contribution and the total contribution is therefore double the amount that I save each month.
3. It pays to start early