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Article
What happens to my pension when I die?
Your pension money can usually be paid to someone else when you die, depending on the type of pension you have. Here’s what you need to know about pension death...
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Article
What to do about someone’s pension when they’ve died
When someone dies, their pension will usually pass to the people they nominated or pay an income to their dependants. If you’re able to, it’s best to let the...
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Article
Tax-free pension lump sum allowances
You can usually take up to 25% from each of your pensions as tax-free lump sums, provided the total is less than £268,275. We explain the lump sum allowance ...
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Check for special features before taking or transferring your pension
Some pensions include valuable special features that might be lost if you take money too early or transfer to another provider. This can affect how much you ...
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Tax and pensions
Pensions have a unique feature – your savings are normally boosted by extra money from the government, called tax relief. You can also usually take some of your...
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Article
How a retirement annuity contract works
Retirement annuity contracts are an old type of pension scheme you might have if you were self-employed (or your employer did not offer a workplace pension) ...
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What to do with your pension if you’re made redundant
If you’re made redundant, your workplace pension savings are still safe. You can either leave your pension where it is or transfer it to a new provider. Here’s...
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How tax works on pension income
Your pension is usually counted as part of your earnings, so you’ll pay tax on any income above your tax-free allowances. Here’s all you need to know, including...
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How to get your finances in order before you die
This guide is here to help you take control of your finances and make sure your wishes are carried out. Taking these steps at your own pace can give you and ...
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Take your whole pension in one payment
From age 55 (57 from April 2028), you can often choose to withdraw all your pension money in one go. But, depending on the value of your pension, this means ...