Get your head around pensions with us
Back in the day, there was a magical thing called a final salary pension, more technically known as a ‘defined benefit pension’. Basically, your employer promised you a guaranteed income when you retired, based on your salary. Lovely stuff.
Sadly, these pensions are now a bit like Blockbuster, CDs, and reasonably priced festival tickets - they’ve mostly disappeared. Which means we all need to put a little more effort into saving for the future.
And that’s where we come in. This page is packed with helpful articles, videos and top tips to make pensions feel way less confusing, and help you actually understand what’s going on with your money.
Pensions in 30 seconds
Short on time? We’ve got you covered. Pension need-to-knows in less time than it takes to make a cuppa.
Jonny suggests...
Get stuck in with your pension as early as you can – your 20s and 30s are some of the most powerful years for pension saving.
Even small amounts now can turn into a much bigger pot later thanks to compound growth (which is basically your money earning money). Check out the useful tools below:
Rachel suggests...
Make the most of your workplace pension by grabbing every penny your employer will chuck into your pot, and if you can afford to top it up a bit yourself, even better.
If you change jobs, don’t leave your pension floating around in the wild somewhere, keep track of it!
A few hepful pension and money bits...
Your annual benefit statement – what is it?
Why maximising pension contributions is like getting a pay rise?
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What does the stock market have to do with my pension?
Pensions: the bits of adult like you didn’t mean to collect!
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Who protects my money?
How does going on maternity leave affect my pension?
Salary sacrifice (sounds dramatic, but it’s actually quite sensible)
National insurance explained
What are interest rates?
Debt – how to break the cycle
How to stop stressing over money
What’s the deal with the State Pension triple lock?
