This involves paying regular premiums or a lump sum to build a retirement "pot" over time.
"Buying a pension" typically refers to two distinct financial actions: (the accumulation phase) or purchasing an annuity (the payout phase). 1. Starting a Pension Plan (Accumulation) buying a pension
: You contribute funds during your working years, and the payouts begin at a later date, usually after retirement. This involves paying regular premiums or a lump