I'm new to saving for retirement

We can help you learn more about how starting to save for your future now, can make big difference to your pension pot by the time you reach retirement. Find out more by watching our short films below.

GET TO KNOW THE BASICS

Watch our Expert Session films which are filled with useful content to help you plan for retirement.

WHAT IS A PENSION AND HOW MUCH DO I NEED TO EARN TO START SAVING?

It’s important to start thinking about your pension early – this video explains what pensions are, how they work and when you can access it.

HOW DOES A WORKPLACE PENSION WORK?

Your employer automatically enrolls you into a workplace pension if you're aged 22 or over and earning over £10,000 per year, so it's important to know how it works. You'll receive payments from your employer to your pension and you'll need to pay in too. Our Retirement Expert Robert is on hand to help explain how your workplace pensions adds up.

HOW MUCH SHOULD I SAVE FOR RETIREMENT?

No matter what you’re earning, it's always good to start saving for your retirement. There is no minimum amount you need to save and putting away a little can make a big difference.

Pension wellbeing guide

Our guide to pension wellbeing is full of tips and information to help you feel more positive about your pension.

Read now (PDF, 4MB) Document opebs in new tab

Online services

Online services

It’s easy to keep up to date with your Scottish Widows pension on our online services. Log in at any time to see:

  • how your pension pot is performing
  • transfer in other pensions you have
  • increase or decrease your contributions
  • update your personal details
  • manage your beneficiaries.
Get started

Tracing a lost pension

Tracing a lost pension

Moving jobs, home or big life changes can sometimes lead to losing track of old pensions. If you need to track down a lost pension, you can:

  • contact your old pension provider directly
  • contact your old employer if you don’t remember the provider
  • use the government’s free service to trace lost pensions:
    www.gov.uk/find-lost-pension.

Pensions are a long-term investment. The retirement benefits you receive from your pension plan will depend on a number of factors including the value of your plan when you decide to take your benefits which isn't guaranteed, and can go down as well as up.