Retirement planning: The 'really crucial step’ when it comes to maximising your pension

She continued: “On the flip side, if you are somebody that is approaching retirement, you possibly have got three of four years to retire, start thinking about what you may need first of all.

“Firstly, gather all the pension pots you do have, and get a really clear understanding on what your provision is at that point, and what do your pots look like.

“If you’re approaching retirement, maybe you should be taking a lower level of risk potentially, because you don’t have that long to withstand those ups and downs in the market.”

Investing can be a really valuable tool in growing one’s wealth, and potentially get them to a financial level they are happy with.