You can use our comparison to find pension companies that let you invest in pension funds and give you flexibility to manage them until your retirement.

Look for a pension company that offers:

  • The most funds for you to choose from

  • A pension based on the minimum amount you are happy to invest

Watch out: each company has their own set of charges for managing a pension fund, so check each companies' website before investing to make sure you know the costs.

Pension funds are investments and can go down as well as up, so speak to an independent financial adviser before you invest if you are not sure which pension to choose.

What are your pension options?

There are two types of private pension offered by the pension companies in our comparison:

  • Personal pension plan: The pension company chooses the funds you invest in.

  • Self invested personal pension (SIPP): You choose where you invest from a larger list of funds than a personal pension.

If you do not want to choose your own pension funds then speak to an independent financial adviser to discuss your options.

Is your money protected in a pension?

The Financial Services Compensation Scheme (FSCS) will protect the first 50,000 you invest in an FCA regulated pension company.

Every pension company found in our comparison is FCA regulated.

Pension FAQs

Q

How much can I pay into my pension?

A

As much as you like, but only the first 40,000 you pay will be tax free. Anything above this is taxed at your level of income tax.

Q

When can I start withdrawing my pension?

A

Usually when you reach 55. You can contact your pension company and ask when your pension withdrawal age is at anytime.

Q

What is a SIPP?

A

It is a Self Invested Personal Pension that requires you to manage and invest your pension fund without help from a financial adviser. Find out more here.

Q

Do I need to use a financial adviser to set up a pension?

A

No, however you should only set up a pension if you fully understand the risks involved with managing your own investments.