General

How will Brexit affect my pension savings?

Brexit isn’t likely to significantly affect UK-based occupational pension schemes like The People’s Pension. This is because UK-based occupational schemes …

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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) …

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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 …

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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 …

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I’m a 65-year-old man. How long am I expected to live?

In England, men at age 65 can expect to live for an additional 18.8 years. This means that you could …

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How much will I get when I retire?

It’s possible to get an estimate of how much you’ll get from a workplace pension. You may hear this referred …

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What are contributions?

Contributions are payments that get added to your pension pot. They can be made by you or by a third …

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How much tax will I pay on my pension?

If you choose to withdraw some or all of your pension fund as a lump sum, the first 25% will …

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What’s the difference between guidance and advice?

Guidance – this type of service won’t recommend any products or tell you what to do with your money. It’ll only …

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