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.


Your pension timeline

  1. Get the facts
    Talk to a financial adviser and get all the information you need to know about retirement planning.
  2. Choose the right pension plan
    Your financial adviser can help you choose the right type of pension plan to suit your personal circumstances.
  3. Start your pension plan
    You start making payments into your plan. Your provider will claim back basic rate tax relief on your behalf and add this to your plan. If you pay income tax at a rate above the basic rate you can reclaim your extra tax relief through your tax return.
  4. Review your plan and make changes
    If your circumstances change, you may wish to alter the amount you pay into your plan or change the funds your payments are invested in.
  5. Your choices at retirement
    When you retire, you choose how to take your benefits - whether to use your whole pension fund to provide an income or to take a tax-free cash lump sum and use the rest to provide a smaller income. Your pension provider will contact you before your retirement date to explain the options available to you.
  6. Start taking your retirement income
    You can use the money in your pension fund, after taking any tax-free cash lump sum, to buy an annuity or consider other options such as Income drawdown or our retirement income plan the Fixed Term Retirement Plan.

Helping you choose your pension plan

Aviva offers two different types of pension plan that you can find out more about - the Stakeholder Pension Plan and the Personal Pension Plan. You can use our decision tree to help you decide which type of plan might suit you best.

If you need information, talk to a member of our team by calling 0808 250 7935.

If you want financial advice, please contact your financial adviser. If you don't have a financial adviser you can find an adviser in your area at Where advice is provided there may be an additional cost to you.

Lines are open Monday to Friday 8am - 9pm, Saturday 9am - 5pm, Sunday 10am - 4pm.

For our joint protection, telephone calls may be recorded and/ or monitored.

WC03047 06/2013