Welcome to Android Central! Upgrading your Android version should never cause any data loss, but that doesn't account for any glitches that might occur. It's always a good idea to keep important data backed up or synced on a regular basis.
should not have any problems what so ever as long as it is an authorized update for your specific phone. as always and as already mentioned, you still may want to back up anything you cannot afford to lose, just in case.