Why a pension is a good idea

It's the next best thing to free money

When you save into a pension, you may also get extra money from your employer paid into your pension and tax benefits from HMRC.

So, if you don’t have a pension, you're missing out on extra money.


Pensions explained

The value of investments can go down as well as up and may be worth less than what was paid in. Laws and tax rules may change in the future. The information here is based on our understanding in April 2021. Your own circumstances also have an impact on tax treatment.


Advantages of company pensions

Your company pension can be a great way of saving for your future.

Advantages of company pensions


Why start now?

The sooner you join, the sooner your employer may start paying into your pension.

Why start saving now?


Is the state pension enough?

The state pension might not be enough to cover the basics you need in retirement, but could provide some additional income on top of your company pension.

How far does it go?


How pensions work

See our animation about how pensions work.

See how pensions work


Ways to save for retirement

Your company pension can be a great way of saving for retirement. If you’re relying on other savings - or property - take a minute to see how they compare.

Why pensions can give you more


Pension flexibility explained

You now have greater simplicity, choice and flexibility, making pensions an even more attractive choice for saving than ever before.

Find out more


Important documents

To help you make an informed decision we've provided you with important information that you should read. You should print or save copies of these documents for future reference.

This is where you will find specific details about your employer’s company pension.

Plan summary document (PDF, 73kb)

This document explains the features of the pension product your employer has chosen.

Key features document (PDF, 288kb)

This document gives you an illustration of what your pension could be worth.

Key features illustration (PDF, 164kb)

Read this guide for more information about how pensions work if you make payments through salary exchange.

Planning for more in retirement  (PDF, 2.31Mb)

Read this guide for more information on your investment options, including details about charges and fund codes.

How to choose the right investment options for your pension (PDF, 1.17Mb)

Use this form if you would like to join the plan and you aren't being automatically enrolled.

Authorisation form (PDF, 258kb)

Read this form for more information on Salary Exchange. This form has been provided by Howdens. Standard Life aren't responsible for the content of this guide.

Salary exchange factsheet (PDF, 203kb)

Presentation for members of the Howden Joinery Auto Enrolment Pension Scheme.

The Howden Joinery pension presentation (Recording)