Trustnet Magazine 87 September 2022 | Page 59

Platforms & Pensions

It ’ s not just youngsters who are wearing furrowed brows . The self-employed , of which there are millions , tend to add money to their pensions in the good times and skimp on payments in the bad

A few well-paid people may feel untroubled by the cost-of-living crisis , but even they will begin to feel the pinch if inflation continues to climb at double-digit rates for a sustained period .
Attention ! The theme for this month ’ s ramblings is whether suspending pension contributions during periods of economic stress is a good idea , a thought that was prompted by the arrival of Pension Attention Season . Yes , really . Pension Attention Season , which runs from September to November , was introduced by the government and the pensions industry , both of which want people to pay more attention to their retirement savings . I am pleased the government and
Issue 87 - September 2022 / 59 /