4 PENSION POT
If you’re looking at saving for the long-term, topping up your pension pot can be a smart choice. The big advantage of a pension is that you make contributions from gross earned income – this is, before you pay tax on it. So for a basic-rate taxpayer, a full £1 goes into your pension kitty without a deduction of 20 per cent tax. Pension investments are also taxed less than other investment funds.