Are there other ways to save?
A pension is not the only way to save for retirement. If you are approaching retirement or you already have a private pension, you may want to investigate other savings options, such as putting your money into a tax-free Individual Savings Account (ISA).
Find out more about ISAs on the HM Revenue and Customs website
You may plan to use other investments to support yourself when you retire, for example, property, shares or selling your business if you are self-employed. Find out how much these may be worth and also how easy it may be to turn these investments into income when you retire.
In addition, you may choose to stay in work longer. This can help you to build up a better income for your retirement as well as making you better off now.
For information and guidance about pensions, visit the Pensions Advisory Service website