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Discover Pensions

Welcome to our comprehensive pension information centre, the perfect starting point for your journey into understanding and managing pensions. With distinct sections on Managing Pensions, Pension Basics, Pension Benefits, Pension Advice, and Types of Pensions, we provide you with detailed insights into every facet of pensions.

Whether you're a novice looking to grasp the fundamentals or an experienced individual searching for advanced information, our resource is for everyone. Navigate the complexities of pensions, understand their numerous benefits, get insights on pension management, and explore the different types available. Embark on this educational journey with us, as we aim to empower you to make informed decisions for a secure retirement.

All your pension questions answered

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Managing Pensions

Pension Basics

Pension Benefits

Types of Pensions

Your State Pension age is set by the government and is the age at which you can start receiving an income from the State Pension. This is currently set at 66 for both men and women. Due to a higher life expectancy, the State Pension age is gradually increasing and will be 67 by 2028.

Can...

What is State Pension age?

Pension release means taking money early from your pension. And as long as you have right type of scheme, you can take as much of your pension savings as you like from the age of 55. You could take the money as one-off payments or set up a regular withdrawal; for example, a set amount...

What is pension release?

Many people are used to saving money in a bank account or ISA. When it comes to retirement however, saving in this way won’t leave you in the best position you could possibly be in when you wave goodbye to the 9 to 5.

Pensions are the best tool for saving for those later years. They...

Tax breaks in your pension

Any withdrawals you make from your pension savings are seen as income and are therefore taxable. All except for the first 25% which is tax-free. So, what happens with the rest?

How are my pension withdrawals taxed?

After you’ve taken your tax-free cash, any further withdrawals are subject to income tax at your marginal rate. This means...

I’m taking my 25% tax-free lump sum, how will the rest be taxed?

When transferring your pension, you are moving your savings from one or more schemes to a new provider, much like you would when switching bank accounts.

If done right, transferring to a new scheme could leave you in a better position when it comes to retirement. Lower charges and a history of higher performance means less...

Can I transfer my pension myself?

It’s very common to not think too much about your pensions until later in life. Even after years of making contributions and the hard work you put into saving, old pension schemes can he hard to keep track of.

Forgetting about old pension is so common in fact, that it has resulted in nearly £20bn remaining...

How do I find my pension?

Combining, or consolidating, your pension can make managing your pension funds much easier as well as reduce the amount you pay in annual charges.

In some cases, however, it could be detrimental to combine your pensions as transferring out of certain schemes would mean giving up benefits that are valuable to hold on to, such as...

Should I combine my pensions?

Whether you have just started to think about your pension or already have an idea of what you want to do with it, a pension check is a great place to start.

With a pension check you will know how your pension is currently looking and how to make the most of it to have the...

How do I check my pension?

Combining, or consolidating, your pension means transferring your savings from each of your pension schemes into one, making your money easier to manage. You can do this in a number of ways.

Should I use a financial adviser to combine my pensions?

The best way to combine your pensions is by asking a regulated financial adviser to...

How do I combine my pensions?

Tax relief is a nice extra bonus from the government to help bump up your retirement savings. It is where you receive the income tax you have already paid on the money as an additional payment into your pension.

How does it work?

Whenever you contribute to your pension, be it a regular payment or a one-off,...

How does tax relief work on pension contributions?

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This website is aimed solely at UK investors subject to the UK tax regime.

Pension Access is a trading name of Harbour Rock Capital Limited which is registered in England & Wales as a Limited Company, No. 10290349. Authorised and regulated by the Financial Conduct Authority, No. 754580. Registered Offices: Affinity House, Beaufort Court, Sir Thomas Longley Road, Rochester, Kent, ME2 4FD. Telephone: 0800 009 3388. Email: pensionaccess@harbourrockcapital.co.uk

Discover Pensions

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