What are you working to improve this year? Whether getting fitter, reducing sugar intake, mastering a new skill, or focusing on something with lasting impact-retirement savings should make your list.
Meet Chuka
Chuka is a 34-year-old entrepreneur running a thriving online fashion business. Between growing his company and keeping up with market demands, retirement planning often took a back seat.
Why Chuka Decided to Start Early
Chuka was used to building things from the ground up. He knew that the earlier you start working on something, the more it grows. The same concept applied to his pension savings. The sooner he started contributing, the more time his money would have to grow and compound over time.
Setting Clear Contribution Targets: Chuka’s Roadmap to a Secure Future
As an entrepreneur with a fluctuating income, Chuka faced unique challenges. Some months were highly profitable, while others weren’t as robust. To overcome this, he committed to a realistic contribution target. He started small by setting aside 5% of his monthly income for retirement and planned to gradually increase it as his business expanded.
He opened a Micro Pension Account that allowed him to save in small, flexible amounts without the pressure of fixed contributions. This fits perfectly with his dynamic income structure and gave him the freedom to contribute what he could each month.
Conclusion
Your Retirement Starts Today
Chuka’s story highlights a valuable lesson: Starting small is still starting. If you are an entrepreneur like Chuka, you too can kickstart your retirement savings this year-no matter your income level.
Take control of your future today. To open a Micro Pension Account, reach out to us at info@leadway-pensure.com.