A simple guide to pensions

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 2022. Your own circumstances and where you live in the UK also have an impact on tax treatment.


Benefits of company pensions

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

Find out more about the advantages


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

Find out more about your options