At a glance
Understand workplace and personal pensions, contributions, pension transfers and questions to ask before seeking pension advice.
Moneykind helps you enquire about relevant professional services. We do not provide personalised financial, investment, pension, tax or legal advice. A professional will need to assess your individual circumstances before recommending any action.
Types of pensions
Workplace pensions are typically arranged through employers; personal pensions are set up individually. Defined benefit pensions work differently from defined contribution pots.
Contributions and tax relief
Contribution levels, employer payments and applicable tax relief can affect outcomes. Tax treatment depends on individual circumstances and rules may change.
Reviewing your pension arrangements
Gather provider details, charges, investment choices and any guarantees or benefits before comparing arrangements. Consolidation is not automatically suitable.
When specialist advice matters
Pension transfers, particularly involving safeguarded benefits, can involve complex risks and may require specialist regulated advice.
What to do next
Write down your questions and priorities, check any firm's credentials and understand its fees before committing. For regulated financial advice, verify the firm on the FCA Financial Services Register.
For neutral public guidance, you can also explore MoneyHelper.