Your pension is a great way to save for retirement, but it’s important to check it’s working hard to make your retirement plans a reality.

You're in control of your pension pot

How it performs depends on how much you put in, where it's invested and how much risk you're comfortable taking with it. Remember, your pension is flexible and you can make regular payments, lump sum investments or transfer savings from another pension provider. Of course, transferring may not be right for everyone. Take a look below for the key things to consider.

Review your pension in four simple steps

1. Understand what you have

It’s a good idea to keep track of how your pension is performing. You can easily track how your pension is doing online, or using our mobile app.


2. Review your investments

Where your pension is invested could have a significant impact on your final pension pot. It’s a good idea to review your investments regularly to check you’re still on track. You can review your investments online.

If you have any questions, speak to your financial adviser.

3. Top up your pension payments

Tax breaks on pension savings means that for every £10 you pay in, it normally costs you just £8 - or even less if you're a higher or additional rate taxpayer. Of course, tax rules can always change and what it means for you will depend on your individual circumstances.

It is important to remember that your pension is invested and there's always a chance it may be worth less than you paid in.

Call us on 0345 272 8810

Call charges will vary.

4. Bring your pensions together

If you have different pension pots, combining them could make them easier to manage and could make real financial sense. We have a free pension transfer service. We'll talk you through all the considerations and help you every step of the way.

Some pensions offer valuable benefits and guarantees, which you would lose if you choose to transfer; there’s also no guarantee of a better pension as a result. You need to decide if transferring is right for you, as it won’t be right for everyone.

Call us on 0345 272 8810

Call charges will vary.