Close

We use cookies to give you the best possible online experience. If you continue, we'll assume you are happy for your web browser to receive all cookies from our website. See our cookie policy for more information on cookies and how to manage them.

Pensions Explained

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.

Pensions 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.

If you've got a personal pension, this can move with you. If you're moving to a better paid job you might want to think about increasing the amount you pay in.

If you had a company scheme then depending on the type of scheme, moving jobs means that you may not be able to carry on paying into it; your old employer will also stop making payments. Instead you can choose to:

  • Leave the money in your old company pension where it is.
  • Transfer the money in your old company pension into a scheme with your new employer. You should get financial advice before you decide to transfer your old pension to make sure it's the right thing to do.

Other options may be available depending on your old employer's scheme.

If you decide to leave the money in your old company pension you can still join your new employer's scheme. That way, when you come to retire, you can use the money from both schemes to provide your income.

If your new employer doesn't have a company pension scheme you could see if they would pay into a personal pension plan on your behalf instead.

Loading…please wait Loading...please wait

Pension Tracker via MyAviva

Pension Tracker is an exciting way for you to take control of your Aviva pension plan. It's an online service that helps you manage your pension arrangements any time that suits you, much as you can with internet banking.

Let us help you sort out your finances

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.

Pension calculator
See whether you're on track to fund the retirement you want.

What Next?

Now you've learnt more about pensions, you can compare the features of Aviva's pension plans, or apply for your chosen option:

Stakeholder Pension

You can start a Stakeholder Pension plan with as little as £20.

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.

Find out more about stakeholder pensions

Personal Pension

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.

How to apply for a Personal pension

WC03077 07/2014