Pensions - From personal pensions to annuities, our best buys will help you compare pensions and the latest annuity rates to help you save for retirement.
A personal pension
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A personal pension
A personal pension is a tax-efficient savings plan that enables you to save for retirement.
The contributions attract tax relief and they can be made in various ways, either regularly, by lump sum or by a combination of both.
On retirement, up to 25% of the fund value can be taken as a tax-free cash lump sum. The remainder of the fund must be used to buy an annuity. (An annuity provides a guaranteed income for life in return for a lump sum investment.) Most contributions are invested on behalf of the saver by a specialist organisation and are invested in the financial markets in various ways.
Related Links
Looking to start investing in a pension? Why not visit our pensions best buys to make sure you get a good deal?
If you are looking for annuity information and rates, visit our annuities section for best buys and guides.
