Pension basics explained
Making things simpler for you
There are so many pensions out there. All sorts of jargon is being used. The options you have to choose from seem endless. So it can be difficult to get your head around.
But we want to make it easy. That’s why we’ve brought together some useful articles on the key things you need to know about pensions when you start making your retirement plans.
The value of your pension can go down as well as up and you may get back less than has been paid in.
The world of pensions
Understanding how different types of pensions work may help you decide which one (or ones) might suit you.
Pensions jargon buster
Knowing the meaning behind technical pension terms may help you make more informed decisions when it comes to retirement planning.
How much income will you need?
When you’re retirement planning, having a clear idea about how much income you’ll need – and for how long – is key.
How the State Pension works
Knowing whether you’ll be entitled to a State Pension and how much you’ll get is helpful when you’re retirement planning.
How much to pay into your pension
Considering how much you’ll need for a comfortable retirement will help you decide how much to pay into your pension.
Moving your pension into one pot
Transferring all your pensions into one could save time and provide a clearer picture when you’re making retirement plans.
Understanding your pension statement
How often you get your pension statement and what it includes will all depend on the type of pension you have.
A decade by decade guide to saving
Depending on how close (or far) you are from retirement, see what you can do to make the most of your pension savings.
What we can offer
See how we can help you get the most out of your retirement.
Our pension
Take control of your retirement with our self-invested pension. You can manage your account online, choose where to invest your money and get tax relief on your eligible payments.
Annuity
It’s a way of using your pension pot to buy a guaranteed income for life – just like having a regular salary.
Get the pension support you need
We’re bursting with options to help you plan your retirement, so you can choose what support is right for you. We’re here to help every step of the way with everything from online resources, to tailored financial advice.
With you through retirement, every step of the way
See how we can help you get the most out of your retirement.
Start retirement planning
Find out what you need to consider when you’re getting those pension plans in order.
Using your pension
See all the different ways you can start taking your pension money when you're ready.
Life in retirement
Learn what you should be thinking about as you approach retirement - and once you're retired.
Your health and wellbeing
Find out how can you stay in the best shape – physically and mentally – the older you get.
Taking care of your finances
Understand how you can use your pension money to get even more out of retirement.
Retirement help and support
See how we can support you, no matter where you are on your retirement journey.