Pension basics

Our Pension Basics section gets you to grips with retirement saving before you start contributing and withdrawing. We explain what a pension is, how tax relief works, and outline what a good pension pot looks like. Plus, we tell you about the hidden charges that could be eating into your pension.

INTRODUCTION TO PENSIONS

What is a pension?

Discover what a pension is and the three different types - state, workplace and personal. Learn how pensions work and why you need one for retirement.

What is a pension fund?

Find out how pension funds work and the different types you can choose. Learn about the benefits of saving into a pension fund ahead of retirement.

How do pensions work?

Find out the main differences between defined contribution and defined benefit pensions and discover how workplace, personal and State Pensions work.

Pension tax relief

Learn how pension tax relief works and the rules that apply for high earners. Find out how to claim tax relief and add it to your pension savings.


CHOOSING A PENSION

How to choose a pension

Find out the things you should consider when choosing a pension. Learn about PensionBee’s plans, backed by three of the world’s biggest money managers.

What's the best private pension?

Find out what a private pension is and discover how tax relief can help grow your savings. Learn how easy it is to start a pension with PensionBee.

What's the best pension for the self employed?

Self employed? Find out how to find the best pension for your needs and what you can do to grow your savings without input from an employer.


PENSION PLANNING

How do I check my pension?

Find out how to check your pension balance using a pension statement or an online account. Learn how to check a State Pension and find a lost pension.

What is a good pension pot?

Find out how much in savings you’ll need to live a comfortable retirement and how you can set yourself a retirement goal and increase your contributions.

What is a pension calculator?

Find out how a pension calculator works and how you can use it to determine how much you’ll need to save to achieve your dream retirement.

Where can I find pension advice?

Need some pensions advice? Discover where you can get general information and guidance and find out where over 50s can get free specialist advice.

Should I pay into a pension or an ISA?

Learn the benefits of saving into an ISA and a pension, and understand the differences in relation to tax relief, returns, withdrawals and inheritance.


PENSION COSTS

What are pension charges?

Find out what the most common pension charges are and how to check what fees you’re paying. Learn how high pension charges can impact your savings.

Pension management charges

Find out how to check how much you’re being charged by the people managing your pension.


PENSION PAPERWORK

How to certify a document

Find out how to certify a document and why your pension provider may ask you to do this during a transfer or when claiming an old pension.

Where to find your National Insurance number

Find out how we can use your National Insurance Number to track down your old pensions and where you can locate it on various forms of documentation.


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Have a question? Call our UK team 020 3457 8444

Have a question?

Call our UK team

020 3457 8444

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