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