Retirement income from the Government may not be enough for you to live on, so it’s important to have your own personal retirement savings.
Start setting aside money for retirement as early as you can, so that it has time to potentially grow.
As a guideline, you may need to put aside more than 10% of your pay each month to help ensure enough income in retirement*. This can include your savings as well as any savings from your employer if applicable. If you can’t save that much now, try gradually increasing your savings by 1% at a time.