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Scottish Widows: life cover, pensions and investments. Preparation is everything


Beginners Guide to Pensions and Retirement
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Personal pensions

You can start a personal pension from £100 gross a month

Personal pensions allow you to build up a private pension fund to help ensure a more secure and comfortable retirement. You can start one from £100 gross a month or a lump sum of £2000 gross, adding more whenever you want to. You’ll also get tax relief at your highest rate on your payments (subject to HM Revenue & Customs limits).

Personal pensions at a glance

  • Start from £100 a month or £2000 single payment gross
  • Get tax relief at your highest rate on your payments (subject to HM Revenue & Customs limits)
  • Stop, restart or change payments currently without charges

In detail