To afford the lifestyle you want when you retire, you need to do something about it today - the buts stop here. It may be tempting to say, "But retirement is a long way off", yet it's never too early to start investing in order to protect your future. To find out more, read our 'Pensions Guide' section by clicking 'Open Guide'. Once you have read that, why not view our 'What is a Pension?' video, presented by Lisa, our online guide.
Our easy overview introduces you to the basics of pensions, provides information on the products available and gives you helpful hints on things to consider.
Taking the decision to retire early is a big step. Your pension fund will have had less time to grow, and you're likely to be retired for longer so your money has to stretch a little bit further.
If you're in a company pension the rules of the scheme will determine whether you can retire early or not.
If you've got a personal or stakeholder pension the earliest you can usually retire is age 55. If you want to change your chosen retirement date you'll need to check with your pension provider. They'll be able tell you what you need to do and whether there are any special circumstances you need to think about.
People in some occupations, or who can't carry on working because of ill-health, may be able to use their pension fund to buy a retirement income earlier than age 55. For further information contact your pension provider.
You can see how changing your retirement age can affect your pension with our pension calculator.
Again if your response is, "But I don't really understand how to plan my finances better", we're here to help. It's all about getting the information you need to make the right decisions. Our tools and calculators can help you get to grips with your finances and plan for the future.
See whether you're on track to fund the retirement you want.
Now you've learnt more about pensions, you can compare the features of Aviva's pension plans, or apply for your chosen option:
You can make regular or one-off payments into a Personal Pension plan and stop, restart and change your payments to suit yourself.
It's a tax-efficient way of investing for your retirement, but bear in mind that you won't have access to the money in your pension fund until you retire.