Joining the pension
- Will you be automatically enrolled?
- Why a pension is a good idea
Get the most from your pension
- Use the tools
- Boost your pension
- Understanding investments
- Approaching retirement
- Payment options
- Investment choices
- Common questions
Get startedJoining the pension
Howdens, with the help of their adviser, is offering you the opportunity to join this company pension.
Most people will be automatically enrolled into the Howdens Retirement Savings Plan, a Group Flexible Retirement Plan provided by Standard Life Assurance Limited. Even if you’re not, you can usually still join if you want to.
Please take the time to read the information in the important documents on these pages.
What does this mean for you?Pension flexibility
Everyone has control over how they take money from their pension.
There’s a minimum age after which you can withdraw money, but pensions are now one of the most tax-efficient and flexible ways to save for the future.
Your payment choicesHow much should you pay?
The Government has set a minimum amount that usually needs to be paid.
Howdens may also set a minimum amount you have to pay. But remember, paying in a little bit more now could make a big difference when you retire.
Your pension is normally a long term investment and you usually can't withdraw money until the age of 55 (may be subject to change). As with any investment, the value can go down as well as up, and may be worth less than what was paid in.