How our Personal Pension works for you
Save for your retirement in a tax-efficient way with contributions from the government. See how your Personal Pension works for you.
Stop, start or change payments with no penalties
Flexible retirement options
You can choose how to use your pension money
Leave your money to a loved one
Choose who to leave your money to if you pass away
The value of your pension can go down as well as up and you may get back less than has been paid in.
What our Personal Pension offers
A personal pension is an easy and efficient way to start saving for your retirement.
- Manage online
Manage your pension online in MyAviva using your policy number. You can view your pension value, switch funds, change payments and even change your retirement age
- Flexible retirement options
From age 55 you’ll be able to take a lump sum payment, keep your pension invested and take money when you need to, convert it to a guaranteed income, or do a combination of these things
- Leave your money to a loved one
If you’d like to leave your pension to someone in particular, you can let us know. We’ll make sure we take your wishes into consideration before we make any payment
- Build around your budget
If you invest the minimum one-off payment of £10,000, you can choose to make a regular payment of £20 a month. Alternatively, if you invest the minimum regular payment of £200 a month, you can choose to make a one-off payment of £1,000
- Tax efficient
For every payment you make into your Personal Pension you get tax relief from the government. This means in most cases an additional 20% will be added. So if you pay in £80, the government will add a further £20. Tax benefits are subject to change, interpretation and depend on individual circumstances
Fair and transparent charges
We charge just 0.70% each year for managing your pension and investments. And if your pension savings go over £20,000 you’ll get a discount.
Investment funds can have additional yearly and fund manager expense charges.
Fund Centre for more details.or visit our
If you're looking to open a Personal Pension, you'll have to speak to a financial adviser. Their advice may come at an additional cost, but they can help you decide if this is right for you.
Looking for something else?
We offer a variety of retirement options to help you plan for the future you want.
Our Aviva 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.
If you’ve been enrolled into a pension with us by your employer, find out how it works and what’s in it for you.
Transfer your pensions
We can combine your existing pensions into one place with us so they’re easier to manage. And if you’re not sure whether you have any or where they may be, we can find them for you. Transferring isn't right for everyone and you need to consider the pros and cons. You may need advice for which you'll be charged. Capital at risk.
Personal pension articles
Take a look at our library of helpful articles and guides.
What happens to your pension when you die?
If you’re thinking about how you can provide for your loved ones, find out if and how your pension can be passed on.
What to do after someone dies
Find out what you need to do in the days and weeks following a death, as well as some longer-term considerations.
ISAs vs pensions
Explore the features and benefits of ISAs and pensions to help you work out what’s going to work hardest for your retirement savings.
The world of pensions
Find out about the different types of pension and how they can help you enjoy a happy and secure retirement.
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Product provided by: Aviva Life & Pensions UK Limited. Registered in England No. 3253947. Registered office: Aviva, Wellington Row, York, YO90 1WR. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number: 185896.