Pensions

A pension is a regular payment made to you after you finish work for good because of your age – when you retire.

the Pensions Advisory Service – what is a pension scheme?

the Government – your pension options

Why should I save for a pension?

You will need a pension to pay for everyday things like food, rent, and gas or electricity when you have retired. Many people are not saving enough for retirement. Watch a video about planning for retirement and get advice from financial expert, Paul Lewis.

Money Advice Service – why save into a pension?

Scottish Widows – Compare how much you are saving for a pension with people in London

Money Advice Service – work out how much you might need to save for retirement

Money Advice Service – work out how much you might get

Money Advice Service – what to think about before retirement

Different types of pensions

There are three main types of pension. Saving for a pension is different depending on if you are employed or self-employed. Choose the types of pension you want to find out about, below.

TYPE 1 → Work place or company pension

TYPE 2 → Personal Pension

TYPE 3 → State Retirement Pension

If you are having problems with a private or company pension choose Problems at work below.

OPTION 1 → Problems at Work

Not interested in pensions? Choose one of the three options below.

OPTION 2 → Other benefits of working

OPTION 3 → Your health, safety and wellbeing at work

OPTION 4 → Back to main Work page

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