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.
Take a look at our library of helpful articles and guides.
The world of pensions
Understanding how different types of pensions work may help you decide which one (or ones) might suit you.
Coronavirus and your retirement
If you’re planning to retire in 2020, we explain how the coronavirus pandemic could affect your pension.
Is your retirement age on target?
Blackadder’s Baldrick was famous for having one. But do you have a plan, cunning or otherwise, for your retirement age?
Need a helping hand with your finances?
Financial guidance is free and helps you understand what you could do with your money.
Stop your pension from running out early
Before taking an income from your pension pot, make sure there's enough in there to see you through retirement.
What is equity release?
Equity release is a big financial commitment, so understanding what it would mean for you and your family is really important.
Pensions for the self-employed
Don’t let saving for your future slip any further down your priority list: here’s what you need to know about paying into a pension if you’re self-employed.
Is it ever too late to start saving?
No matter your age, with a workplace pension you'll benefit from a tax-free lump sum and maybe even employer contributions.
Busting those equity release myths
There are a lot of ifs and buts surrounding our equity release product. We're here to help you separate the facts from the fiction.
Find your lost pensions
Keeping track of pensions from jobs gone by can be tricky. But pinning down those lost pensions may make it easier when you’re retirement planning.
Thinking about taking an income from your personal or workplace pension?
We look at the things to consider before you take your money from your personal or workplace pension, including the potential impact of coronavirus on your pension fund.
The pandemic and your workplace pension
If you’re wondering what the coronavirus pandemic could mean for your workplace pension, read on.
Has lockdown affected your monthly budget?
Lockdown has brought many changes to our lives, but how has it changed your spending and saving habits?
Understanding your pension statement
What’s in your pension statement and how often is comes will all depend on the type of pension you have.
Pension scams to look out for
With so many scammers around, there are things you can look out for to keep your hard-earned pension money safe.
Understanding inheritance tax
Planning what to leave your loved ones? See if you can reduce any inheritance tax that may be due.
Need help? Ask our chatbot
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.
Aviva UK Digital Limited introduces to Aviva Life & Pensions UK Limited for pensions. Aviva UK Digital Limited is registered in England No. 09766150. Registered office: St Helen's, 1 Undershaft, London EC3P 3DQ. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number: 728985.