Planning for retirement

How to make sure your pension and other finances are on track to give you the best retirement possible

The pensions basics explained

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What are pensions?

You can use a pension as an income during your retirement, but there are several types and many rely on how much money you put into them. Here is how they work.

Read about what pensions are
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How does the State Pension work?

Not everyone gets a state pension in the UK, and payouts vary heavily from person to person, even for those who qualify. Here is how the state pension works, what it could pay you and when you can claim it.

Read more about how the State Pension works

What are defined contribution and defined benefit pensions?

Most people have either a defined contribution or a defined benefit pension, but do you know which is which and understand the difference between them? Here’s what you need to know.

Read more about defined contribution and benefit pensions

What to get in shape before you retire

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Is it ever too late to start a pension?

A pension can give you an income when you retire, but how much will depend on what you contribute during your working life. Here are your pension options, even if you start late.

Read more about starting a pension

Maximising your money in retirement

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How to choose an annuity

If you want your pension fund to pay you a regular income when you retire then an annuity could be for you. Here is how each type of annuity works and what options you have.

Find out more on how to choose an annuity
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How Is My Pension Taxed When You Retire?

Pension taxation seems complicated, but knowing the rules is crucial so you don’t overpay. This guide explains everything you need to know.

Find out more on how your pension is taxed