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Welcome to the pensions guide
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The Essential Pensions guide is a guide to every aspect of pensions in the
UK. This includes pensions from the state, pensions provided by
companies and private pensions. If you have a pension and don't
understand it or are looking to get a pension then this is the
place for you. It is packed full of useful and free
information and advice about UK Pensions.
The guide is written by
pension professionals who have years of experience dealing in
UK pensions. The site is not sponsored by pensions companies
and we are not trying to sell you a pension. We believe that
people do need to provide for themselves in retirement and
this guide provides the information you need to start
retirement planning. Once you have a basic understanding we
suggest you plan the details with the help, knowledge and
experience of an independent financial adviser.
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The Essential Pensions guide
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The pension system in the UK can be divided down
into three areas (often called the three 'pillars')
dependent upon the provider of the pension. The three groups
are The State, Employers and Individuals. The Essential Pensions
Guide divides itself into these three areas with other more general
information about pension savings.
The state provides a pension to all individuals who have
contributed sufficiently to the social security system over their
working lives. The state system is a combination of a number of
different elements of pension each worked out in different ways and
available to different people.
Click here to
read about which elements relate to you, how to get an estimate of
what your pension might or ask your own questions.
Employers provide a wide variety of different schemes for their
employees. These vary from the traditional final salary pension
schemes (which have got a pretty bad press recently for their
closures) to the more modern defined contribution schemes. Don't
worry if none of this makes much sense right now its all explained
in the guide! If you have a company scheme then have a look around
this section.
Individuals can set themselves up with a pension to provide
themselves with an income in retirement. These normally take the
form of a Personal Pension or a Stakeholder pension. It was once the
case that Individual Pensions were not available to people already
in Company Schemes or those without any earning but the rules have
been relaxed and now more people than ever can get an individual
pension.
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Read the guide to
investment in the pensions guide. It explains what you need to
think about before investing for your retirement.
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Get the FREE Pension calculators from Essential Pensions.
No money, no
registration, just include one line of HTML in your web page.
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