A pension is a long-term investment. Its value can go down as well as up and could be worth less than was paid in. Laws and tax rules may change in the future. Your own circumstances and where you live in the UK will also have an impact on tax treatment.
A pension plan from Standard Life can be a great way to save for the future you want when you retire. The money you pay into your plan gets a boost from tax relief, plus it’s invested so has the potential to grow.
You can find more information on how pension plans work in our Pension Basics guide.
At Standard Life we understand that different people have different needs. We have two main types of personal pension plan for you to choose from:
Our Active Money Person Pension (AMPP) is a simple and tax-efficient way to save for your retirement. You can:
Transferring isn’t right for everyone. There‘s no guarantee you’ll get more. You could lose money by giving up valuable guarantees or benefits that you might have with other pension plans.
You can set up your pension plan online to start saving for your future.
If you're looking for wider choice of investment options, our SIPP could be for you. It may be suitable for experienced investors who are comfortable regularly reviewing their pension investments to make sure they continue to meet their needs, goals and attitude to risk:
If you’d like to apply for a SIPP today, call us on 0345 272 8810 (call charges will apply).
You can also read more about our SIPP here.