General
What’s a pension?
A pension is a tax efficient way of saving for your retirement. It’s a pot of money you and often …
Why do I need a pension?
You probably don’t want to work forever so it’s very likely that you’ll need an income for you to enjoy …
What types of pensions are there?
There are three basic types of pension; the State Pension, a defined benefit (DB) pension or a defined contribution (DC) …
What’s a defined benefit (DB) scheme?
A defined benefit pension scheme pays an amount at retirement based on your earnings and how long you’ve been a …
What’s a defined contribution (DC) scheme?
This is a type of pension scheme also known as ‘money purchase’ scheme. It is built up through your own …
What’s an occupational pension?
Nowadays this is called a workplace pension – though sometimes also known as employer, company, works or work-based pensions. You …
What type of pension scheme is The People’s Pension?
The People’s Pension is a defined contribution, workplace pension scheme that has master trust status. A master trust is a …
What’s a workplace pension?
A workplace pension is a way of saving for your retirement that’s arranged by your employer. Some workplace pensions are …
What’s the State Pension?
The State Pension is designed to ensure that everyone has a basic amount of income to support them in their …
How much pension am I entitled to from the State?
The amount you’re entitled to from the State depends on how much National Insurance contributions you’ve paid and whether you …