Pensions

Retirement Account

If you’re in the market for a self invested personal pension or SIPP, you’ll know they’re a tax-efficient, flexible way to save for your retirement. Like other SIPPs, our Retirement Account pulls all your existing pensions together in one place. But we’ve also added extra benefits to our Retirement Account that will put you firmly in the driving seat.

Stakeholder pensions

Stakeholder pensions have to be one of the easiest, cheapest and most flexible ways to save for your retirement. Letting you pay in what you can, when you can, stakeholder pension schemes also give you tax relief on your payments. You can start a Scottish Widows stakeholder pension with as little as £20 and benefit from our low charges.

Special Offer

Personal pensions

For a flexible personal pension with access to a wide range of investments, look no further than Scottish Widows. Start your pension fund from £100 a month, or make a one-off payment into your private pension of at least £2,000. Then enjoy tax relief at your highest rate, plus get the chance to change your pension fund payments without penalty.

Annuities

Once you've retired, you'll need to convert your pension into a regular income. A popular way to do this is to buy an annuity. A Scottish Widows Conventional Annuity lets you take out a tax-free cash sum, then convert what's left into a taxable income. Our Conventional Annuity is easy to understand.