- Beginners Guide to Pensions and Retirement

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Beginners’ Guides
Beginners’ guide to pensions and retirement
Contents
- How pensions work
- What types of pension are there?
- - from the State
- - from your employer
- - On your own
- Questions to ask
- When you retire
- - Annuities (Secured Pension)
- - Income Drawdown (Unsecured Pension USP)
- - Phased retirement
- - Equity release schemes
- What’s your situation?
- - I’m nearing retirement age, what should I be doing?
- - I’m already retired, what can I do to increase my retirement income?
- - Help I haven’t started planning for my retirement, what can I do?
This guide…
They say 70 is the new 50 as many people live and remain fit and active for years longer than their grandparents. This means the need for a decent pension has never been greater.
Your retirement should be something to look forward to – a chance to take up new hobbies, spend more time with family or friends or travel the world – not worry about how to make ends meet.
Whatever you want to do, understanding how to build up enough retirement savings and how pensions work should help you achieve your goals.
In this guide we explain the different pension savings options you have and how to make the most of your money when you come to retire.
