Pensions

Find out how a pension drawdown works and how it compares to buying a pension annuity.

If you’re confused about pension credit, we’re here to explain things in simple terms. We’ve answered the most commonly asked questions related to pension credit.

Find out about the tax that you pay on your pension including how much the allowance is and how you claim tax relief on your contributions.

We explain why there’s a risk of paying too much pension tax and how you can get overpaid pension tax back if you’re affected.

We explain the potential tax benefits and the limitations of taking money out of one pension and recycling it into another.

Under pension freedoms, you can usually take 25% of your pension as a tax-free lump sum. Here’s what you need to know.

We delve into what the triple lock on the state pension means, why it may be removed, and the possible consequences for pension recipients.

If you’re planning to start taking money out of your private pension, find out if you’ll be hit with a national insurance bill.

We’ve compiled all of the information you need to know about annuities – what they are, the different types available and whether they’re taxed.

We explain the rules around accessing your private pension while you’re still employed and the pros and cons of phased retirement.