Confused by pensions? Not sure where to start? Baffled by the jargon? Well don't worry, you're not alone! we're here to help break down the jargon and complexity and get you on the path to pension perfection.
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From how pensions work to the benefits of having one in the first place…get all the insight, facts and stats you need to make the right decisions when it comes to probably the most important savings pot you’ll ever have.
Your pension. Made simple
We make pensions simpler, by providing straightforward information, answeres to your questions and up-to-date new
Final salary pensions
A final salary pension is a totally different animal to a personal pension, even if the end goal of providing income for your retirement is exactly the same. The rules that surround them, the level of flexibility and ownership on offer and, crucially, who is taking the investment risk are all different.
Perhaps suprisingly, the specific purpose of the state pension isn't officially described. It is generally accepted, however, that it has a dual purpose to both alleviate poverty in retirement (with means-tested pension credit also available as a top up), and to provide a foundation income that you can build on with your own pension / savings or other income means.
Pension release means taking money early from your pension. You might also have come across the phrase pension access or pension unlocking; it means exactyl the same thing.