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Defined benefit pension schemes: final salary and career average explained

A defined benefit pension is a type of workplace pension scheme. The money you get when you retire is based on your salary and the number of years you’ve been...

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Benefits in retirement

Many pensioners are failing to claim the benefits they’re entitled to. Don’t miss out on your money – here’s a list of benefits you could potentially claim and...

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Take your pension as a guaranteed income: annuities explained

If you have a defined contribution pension, you can usually choose how and when to take your money. One option is to convert some or all of your pension into...

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What is a pension scheme and how does it work?

Saving into a pension will give you money to live on when you’re older – often a regular income so you can give up work. Your pension savings will usually be...

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Early retirement

Early retirement might sound like a good idea if you’re made redundant or want to make a change. But it’s important to weigh up the pros and cons. Take the time...

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Who we are

MoneyHelper offers free, impartial information to everyone across the UK.

Rising bills, reduced income, job loss and everyday money worries can make it...

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Carry forward: increase your annual allowance for pension savings

If your pension savings exceed the annual allowance (£60,000 for most), check if you can use unused allowances from the last three tax years. This is called ...