Life moments

Planning your retirement

If you want to enjoy a comfortable retirement, you can’t start planning soon enough. The more you contribute to a pension now, the better chance you'll have of that money growing and funding your retirement in later life. In this section, you'll find articles that make retirement planning seem less daunting, no matter what stage you're at in your life.

Understanding Defined Contribution pension schemes

The majority of company pension schemes are Defined Contribution schemes, where the amount you’ll receive at retirement depends on how much you’ve contributed, investment returns and tax relief. Here, we explain how they work.

Top pension tax tips for 2018

Investing for the future is vital if you want to enjoy a financially secure retirement. Pensions can be complicated though, so it’s important to get to grips with the rules if you are considering making contributions ahead of the tax year end. Here are our top pension tax tips for 2018.

Types of pension

Pensions can seem complex and daunting, especially if you’re new to them. But there are lots of options available to suit individual needs and circumstances. We take a look at the main types of pension and explain how they work.

Your options at retirement

You’ve worked hard for your retirement, but before you can start enjoying it, you’ll need to decide how your pension will provide the income you need to live on.

Pension planning for the self-employed

It can be harder to think about saving for retirement if you’re self-employed and don’t have access to a company pension scheme, but pensions shouldn't be ignored and offer valuable tax benefits. We look at the importance of saving for the future, and explain the different pension options which are available to those who work for themselves.

Seven retirement questions to ask yourself

Rising life expectancy means that many of us can expect to spend two, if not more, decades in retirement. It’s therefore vital to start planning for this period as soon as possible, and to save as much as you can. Here are seven retirement questions to ask yourself that can help you work out whether you’re on track to meet your retirement goals.

What is my life expectancy?

While it’s impossible to predict with any certainty how long you might live for, it’s worth giving some thought as to your potential life expectancy when planning for retirement.

Divorce and pensions splitting

Pensions are often the biggest assets after property in divorce, so it’s important to understand what happens to retirement savings when you separate. We explain what you need to know.

Types of annuity

Annuities are a retirement product that provide an income for life, and are bought with a pension fund. We consider the different types and what you need to know.

Salary sacrifice and how it works

You can exchange part of your salary for benefits from your employer through a salary sacrifice arrangement. Here’s what you need to know.

Learn the investment essentials

After you retire, you need to make sure you’re managing your savings effectively. One of the biggest challenges is working out what impact the pension tax rules will have on your income. The articles in this section will help you avoid making any costly mistakes.

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