Saving in a pension is a tax-efficient way of building up a fund to help provide for your retirement. And how you take your money when you get there is now more flexible than ever. Of course, as pensions are investment-based, there is the potential you may not get back what you put in.
Use our pension guides and tools to help understand how pensions could work for you.
Tax information and allowances
Government tax rules and regulations that may affect you if you are saving, investing or have a pension plan.
Why it could pay to top up your company pension
If you are a member of your company pension scheme your employer would normally, at least, match your contributions.
What you may have heard about Pensions
After wide ranging changes introduced in April 2015, from age 55 onwards, you can now access your pension in more ways than ever before.
What is a pension?
The money you save during your working life builds up in a pot that can be converted into an income or a single or series of cash lump sums when you retire.
Tax benefits of saving in a pension
Saving in a pension is a tax-efficient way of building up an income for retirement.
Group Personal Pensions
A group personal pension is arranged through your employer but held directly with the provider.
Benefits of topping up your individual pension
As you fund an individual pension yourself, the more you pay in, the more potential there is for you to achieve the retirement you want.
What are Personal Pensions?
A personal pension is your own private pension that you can take from job to job.
Why do I need a pension?
A pension is designed to help you fund your retirement and replace the income you are no longer receiving from working.
What happens when I near retirement?
It's a good idea to keep an eye on your pension savings as well as your finances, to see if you are on track to receive the income you'd like in retirement.
What are Individual Pensions?
There are three main types of individual pensions - personal pensions, stakeholder pensions and self-invested personal pensions.
What are Stakeholder Pensions?
Stakeholder pensions are flexible and are designed to help if you are only able to save smaller amounts towards funding your retirement.
Additional Voluntary Contributions Overview
An Additional Voluntary Contributions plan is set up by an employer for employees to make further contributions to potentially build up additional benefits.
Pensions and living longer
Now that people are living longer in retirement, how does that impact your pension?
What are Self-Invested Personal Pensions (SIPPs)?
SIPPs are a specialist type of product that allows you more flexibility over where your money is invested.