How it works, what you might get, National Insurance. Ways to draw your pension, when can you retire, Pension Wise appointments. Tax allowances, tax paid on pensions, tax relief. All guidance, including how to use the Pension Wise service. Getting started, getting the most out of savings, problems. How to invest, types of investing, buying and managing. Help with meeting goals, tax-friendly saving, saving for children. Stakeholder pensions are a type of individual pension.
Some employers offer them, but you can also start one yourself. Charges and investment options vary, depending on the pension company. Your contributions are usually invested in stocks and shares, along with other investments.
The aim is to grow the fund over the years before you retire. Lifestyling is when your funds are moved — normally automatically - into lower risk investments as you approach retirement. If in doubt, speak to a regulated financial adviser who can advise you whether lifestyling is something you want to consider or not, given your personal circumstances. Find out how much you might need to save by using our Pension calculator.
But you must usually be at least aged 55 57 from If you need help making sense of how and when you can access your pension pot, you can speak to a Pension Wise, a free service from Money Helper.
Book your free appointment. If your employer offers you a stakeholder pension, they will have chosen the pension provider.
They might also arrange for contributions to be paid from your wages or salary. You can continue paying into an existing stakeholder pension. MoneyHelper is the new, easy way to get clear, free, impartial help for all your money and pension choices.
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Workplace pensions What is a workplace pension? What is a stakeholder pension? What is a public sector pension? What is an AVC pension? What is a SSAS pension? What is a salary sacrifice pension? What pension can I get if I'm self-employed? A financial adviser might be able to help you consider your options at retirement.
Their advice may come at an additional cost, but they can help you decide if this is right for you. Bringing your money together into one place could give you a clear picture of your retirement.
And our SIPP could be the stepping stone towards the future you're after. Transferring isn't right for everyone and you need to consider the pros and cons. You may need advice for which you'll be charged. Capital at risk. Giving your pension savings a little push can make a big difference. So take a look at our six tricks which could give it that boost. Understanding how different types of pensions work may help you decide which one or ones might suit you. When it comes to your retirement plans, knowing what to do first can be a challenge.
So let us give you a hand — our six-point checklist is a good place to start. Understand how pension tax relief works, what it's based on and the impact it has on paying into your pension.
It's difficult to know for definite. But there are things you can think about to help you plan more effectively. But do you have a plan, cunning or otherwise, for your retirement age? Sorting out your pension may not be at the top of your to-do list. But if you get things up and running sooner, it could work out better for you later. Understand the pros and cons behind putting your pension savings into a workplace pension versus paying into a personal one instead.
Depending on how close or far you are from retirement, see what you can do to make the most of your pension savings. Knowing the meaning behind technical pension terms may help you make more informed decisions when it comes to retirement planning.
Registered in England No. Firm Reference Number: Laws and tax rules may change in the future. Your own circumstances and where you live in the UK will also have an impact on tax treatment. With our Stakeholder Pension Plan you can save your money tax-efficiently, and meet the Stakeholder Pension Plan rules that have been set out by the Government. A Stakeholder Pension Plan may be right for you, but we have other pension options too.
This could be a good option if you're looking for a simple way to save for the future.
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