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Article
When can I take money from my pension?
The earliest you can take money from your private pension is usually age 55 (57 from April 2028), but it’s normally designed to pay out around age 65 or older....
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Article
The annual allowance for tax relief on pension savings
Each tax year, you can usually get tax relief on your pension contributions up to 100% of your earnings or £60,000 – whichever is lower. Here’s what you need...
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Article
Defined contribution pension schemes explained
With a defined contribution pension, you build up a pot of money you can use to give you an income in retirement. Here’s what you need to know.
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Article
Pension scheme fees and charges explained
Most defined contribution pension schemes charge fees to invest and manage your money. You usually won’t pay any charges if you have a defined benefit pension....
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Article
How to calculate your estimated pension and retirement income
It’s a good idea to regularly check how much retirement income you’re on track to get and consider ways to boost it if you need to. Here’s what you need to know.
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Article
Personal pensions: set up your own private pension
You can set up your own personal or private pension for any reason, but it’s more common if you’re self-employed, don’t work or want to save more than your employer’s...
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Topic
Pension transfers and consolidation
Our guides can help you decide if transferring or consolidating your pensions is right for you, including how to find pension advice. We explain:
- how...
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Article
Workplace pensions: how your employer’s pension scheme works
If you have an employer, they must offer a pension scheme so you can save money for your retirement. Your employer usually sets this up for you automatically...
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Blog post
How much should I save for retirement?
You’ll need retirement income of at least £13,900 a year, or £22,500 if you’re in a couple – according to the Retirement Living Standards. This covers your essential...
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Article
Phased or partial pension drawdown explained
Pension drawdown lets you take money from your pension while leaving it invested, including the option to take a tax-free lump sum. Rather than moving all your...
