Pension Advice

With all the stories about pensions in the news lately you can be forgiven for being a bit confused about it all.  What pension is right for you, do you have enough for your retirement, when should you start saving into a pension?  These are all questions that a lot of us are currently asking..

It is no longer the case that you need to hope your state pension will fill the gap when you stop work, there are other options. These include an occupational pension or private options such as a stakeholder pension or a personal pension.

Types of Pensions

An occupational pension - If you are in work and your employer provides a company pension scheme which they also contribute to, an occupational pension can often be your best option.

A stakeholder pension - You can get this from financial services companies such as insurance companies, banks, investment companies, building societies, and some trade unions.

A personal pension - You can get this from financial services companies, banks, investment companies and building societies.

Find out more about your pension options

Everyone needs to think about making arrangements for their retirement.

You may already have a pension in place and may want to review it, or you may want to consider other options.

The Government's Direct.gov.uk Website offers a whole range of infromation for people wanting more information on the best type of pension for them, or for those almost eligible to recieve their pensions.

• Beginners guide to pensions (external link)
• State Pension (external link)
• Personal pensions (external link)
• Money and tax in retirement (external link)
• Financial planning for retirement (external link)
• Company pensions (external link)
• About to retire (external link)

 

You can also get a range of free, unbiased information leaflets on pension options and information about planning for retirement from the Pension Service website (external link) or by phoning 0845 731 32 33 for the free guides.

Guides

The Pension Service website (external link) offers a range of leaflets designed to give you some advice on the options available to you: 

• Guides for those planning ahead (external link)
• Guides for pensioners (external link)
• Claim Forms (external link)
• Guides for employers, pension scheme providers and advisers (external link)
• Customer Charter and making a comment or complaint (external link)
• Guides for local authorities (external link)
• General and other guides (external link)
• Large print guides (external link)