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.


Starting to save for my future

Discover why we struggle to save for our future selves.

What will your future look like?

Ever wondered what life might be like when you retire? Use our Shape my Future tool to find out.

Start Shape my Future

Login now to take a look at your workplace pension

Aviva – Unisure Membersite My Money

If you’re unsure which pension portal applies to you, please contact your employer.

What age can I retire?

Video transcript

What age can I retire?


There is no compulsory age to retire – you can retire as early or late as you like.

You can start to access your individual and workplace pensions from 55 years [old – omitted].

The state pension starting age varies from 63 to 68, depending on when you were born.

What is a pension?

Video transcript


 What is a pension?


Pensions are plans which you can invest in and allow you to build up a sum of money, sometimes called a ‘pension pot’.

You can use this to provide yourself with an income once you’re retired or semi retired.

You may also get contributions from the government, this is called tax relief.

There are workplace pensions, paid by your employer and yourself.

There’s the state pension paid out by the government.

Or you can pay into an individual pension yourself.

The value of personal or workplace pensions are not guaranteed. You could get back less than you paid in.


Types of pension

Video transcript

Types of pension


There are three main types of pensions:

Workplace pensions are arranged through your employer.

With most schemes, both you and your employer pay in.

Your contributions will normally be deducted from your salary.

With individual pensions you pay in regularly and/or make one-off payments.

You will be entitled to a State Pension when you reach State Pension age and if you’ve paid enough National Insurance contributions.

The value of personal or workplace pensions are not guaranteed. You could get back less than paid in.


State Pensions explained

Video transcript

State pensions explained


A State Pension is a regular payment you can get from the government when you reach State Pension age.

Your age, gender and National Insurance record will affect the amount you’ll get and when you will be eligible to start receiving it.

To get it, you must have paid or been credited with sufficient National Insurance contributions.




How much is the State Pension?

Video transcript

How much is a state pension?



Full State Pension is a set amount each year.

It’s a bit like one of our jackets, it’s not one size fits all.

It’s dependent on your age, your gender and your National Insurance record.

But the easiest way to find out what yours will be is to go to


How do I claim State Pension?

Video transcript

How do I claim State Pension?


You won’t receive your State Pension automatically - you have to apply for it.

A letter should come to you four months before you reach State Pension age, telling you what to do.

If you don’t claim your state pension, it will be automatically deferred until you do, which can increase the amount you get.

I’ve just told them that!

How can I retire early?

Video transcript

How can I retire early?


If you want to retire early, you can start accessing an income from a Workplace or Individual Pension, usually from the age of 55.

You can also keep working after accessing your pension to supplement your income.

How much you’ll need when you retire depends on your outgoings, so it’s good to check to see how much you may get, ahead of time, so you have enough to live on.

Cut back and save

Feel you can't afford to save? See how much those 'little extras' cost you and what you could be saving.

Get expert advice on your plans

A financial adviser can help you make sure your money’s on track to achieve your financial goals

Tracing lost pensions

It's easy to lose track of old pensions. Start by contacting your previous employer or contact the Pensions Tracing Service.