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When you receive a pay rise, the first thing that may come to mind is buying a bottle of champagne to celebrate. Rightfully so, too; you deserve to enjoy the fruits of your hard work. After you’ve finished celebrating, it may be worth putting that extra income to work by voluntarily increasing your pension contributions.

In a bid to encourage early retirees back to work, chancellor Jeremy Hunt unveiled several changes to pension allowances during the Budget. The announcements could mean you’re able to save more in your pension and boost your retirement income.  Here are the four key pension changes Hunt announced.  1. The Lifetime Allowance will be abolished

As inflation persists, central banks were forced to announce further rises to interest rates in March. Coupled with the collapse of Silicon Valley Bank, it has been an uncertain few weeks in the world economy. As an investor, remember that volatility in the markets is normal. Take a long-term view of your portfolio’s performance and