Pension basics explained

Why make retirement planning harder than it needs to be?

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 world of pensions

Understanding how different types of pensions work may help you decide which one (or ones) might suit you.

Get to grips with pensions

Pensions jargon buster

Knowing the meaning behind technical pension terms may help you make more informed decisions when it comes to retirement planning. 

Break down the pensions jargon

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.

See how much you'll need

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.

Learn about the state pension

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.

What 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.

More on transferring your pension

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. 

Get to know your statement

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.

See if you're on track

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.

See our pension

Annuity 

It’s a way of using your pension pot to buy a guaranteed income for life – just like having a regular salary.

Learn about annuities

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.

Find the right pension support

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.

How to plan for the future

Using your pension

See all the different ways you can start taking your pension money when you're ready.

See your pension options

Life in retirement

Learn what you should be thinking about as you approach retirement - and once you're retired.

Get to grips with retirement

Your health and wellbeing

Find out how can you stay in the best shape – physically and mentally – the older you get.

See what you can do

Taking care of your finances

Understand how you can use your pension money to get even more out of retirement.

Learn about your money

Retirement help and support

See how we can support you, no matter where you are on your retirement journey.

Use our support