Personal pensions can feel overwhelming when you're trying to understand all the rules and options. We're here to walk you through how they work, so you can make decisions that feel right for your situation.
As with all investments, the value and the income generated can fall as well as rise. This means you may not get back what you originally invested.
Tax treatment depends on individual circumstances and may change in future.
This information is for guidance only and does not constitute financial advice.
Every £80 you contribute becomes £100 through automatic tax relief. If you’re a higher rate taxpayer, you can claim even more back through your tax return. We make sure you’re getting every penny you’re entitled to.
If you're a higher or additional rate taxpayer (in England, Wales and Northern Ireland), or an intermediate, higher or advanced rate taxpayer (in Scotland) and paying into a personal or group personal pension, you can claim back additional tax relief through your self-assessment. You will need to include your pension contributions when you file your return.
Some people want simple ready-made portfolios they can forget about. Others want to pick individual funds or shares. Your pension provider offers both options, and we help you choose what matches your comfort level.
Unlike final salary schemes where you get what you’re given, personal pensions put you in charge. When to retire, how to take your money, what to leave for family – we explain your options so you can make informed choices.
Personal pensions usually avoid inheritance tax when they pass to your family. This isn’t just about your retirement – it’s about looking after the people who matter most to you. The Government however has announced it will be changing the rules around Inheritance Tax and Pensions from 2027. From April 2027, your pension will form part of your Estate for Inheritance Tax purposes.
The value of your investments and any income from them can fall as well as rise. You may not get back the original amount you invested.
HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.
Time beats money when it comes to pensions. Starting at 25 with small amounts often works out better than starting at 40 with larger contributions. We show you the numbers so you can see why starting now usually makes sense.
You're not actually locking money away until retirement. You can access personal pensions from age 55, and in genuine emergencies, there are sometimes options. We help you find the balance between retirement saving and keeping enough accessible for life's surprises. Please note, from 2027, the age at which you can access your pension will change from 55 to 57.
Investment worry keeps many people from starting pensions at all. We help you understand that you don’t need to become an investment expert – you just need a sensible approach that matches your timeline and comfort with risk.
This is where personal pensions really shine. You have choices about how to turn your pension pot into retirement income, and we guide you through what each option means for your lifestyle and your family.
We understand that financial decisions feel heavy because they affect everything that matters to you. Our job is to make them lighter, clearer and easier.
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We explain personal pensions in plain English and help you decide if they're right for your situation.
Make sense of your retirement saving options
