If you’ve kick started the new year landing a new job – congratulations! With the new job comes a whole host of other new things you need to think about or at least be aware of. One of those things is your new pension plan.

Depending on where you are on your career journey, your pension may not be a top priority at the moment. But the earlier you start saving towards it, the better. It means you’ll have more to enjoy your working days are over.

Here are a couple of useful tips on how to make the most out of your new pension:

Explore your pension

Get familiar with your pension and benefits by having a good look at your Amey pension website. Pension jargon can feel confusing, which is why we’ve created a dedicated area of our website, where you can find tons of guidance and useful information about your pension. Our FAQs and Glossary make complex topics easier to understand providing explanations to common pension terms. Our News offers insights to help you understand and manage your pension, tells you about changes in the industry and shows how we are working to look after your pension.

Set saving goals

Whether you want to enjoy a steadier pace of life or continue the lifestyle you have now, deciding what you’re saving for early on makes your goal for the future clearer and will help you plan more effectively to achieve it.  

Think about saving more - you can make Additional Voluntary Contributions (AVCs)

AVCs, put simply, are extra money you can put aside now to boost your pension benefits. Here, it’s helpful to consider the basics - home and bills, your wish-list – holidays and sports clubs, and the rest – family needs and potential unforeseen pay outs to see if you can afford to put a bit more aside towards your life after work.

What to do if you get stuck…

Simply get in touch with our friendly Helpline agents who would happily answer any questions you may have about your pension. Call 0345 112 0025 or email amey@railpen.com