How do pensions work?

With our help, starting a pension needn't be complicated. It’s your retirement fund and you’re in control. However, with all pensions, it’s best to start as early as you can and save hard. Our pensions are flexible and let you choose the most suitable way to invest your money so it has the chance to grow. If you make personal contributions to your pension, the taxman usually tops up your payment with tax relief at 20%. If you are a higher or additional rate taxpayer you can claim further relief at 20% or 30% through your tax return. Your employer can also make contributions to your pension.

Find out all the pension information you need, whether it’s the types of pension you’re eligible for, what suits you best or what tax benefits you could get.

See how pensions work