Ways to fund your retirement

There are lots of different ways to save for your retirement, but which one works best for you? We look at the main options and explain how they work and compare them on four different features. We’ve given 5 stars to the most effective options and 1 to the least:

  • Tax – what are the tax features of this particular investment? Is there tax on the way in or on the way out?
  • Flexibility - can you save when it suits you? How much flexibility is there in changing your payments, taking a break or putting more in depending on what’s going on in your life? Also, when it comes to taking your income, how can you make it work for you?
  • Access - how much access do you have to your money while you’re saving for retirement?
  • Risk & return - how much can you diversify to suit a specific risk profile and how risky an option is it?

Laws and tax rules may change in the future. The information here is based on our understanding in November 2012. Your personal circumstances also have an impact on tax treatment.

Choose up to 2 scenarios to compare personal pensions

Personal Pensions

Your payments are topped up by the government to provide an income in retirement.

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Stocks & shares ISAs

ISAs offer a tax-efficient way of investing up to £11,880 a year.

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Buy to let property

Buying a property to rent out which provides you with a regular source of income.

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Property to sell

You may decide to downsize and release some of the equity that's built up in your home.

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State Pension

As long as you've built up enough National Insurance contributions, you can claim an income in retirement.

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Inheritance

You may be expecting to be left money or assets in a will.

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