Income protection

What is a pension?

  • What a pension is and how it works
  • How the state pension works and how much state pension you'll get
  • The types of private pension, including company pensions and personal pensions

What's in this guide

Pension basics

How pensions work and the different types of pension saving options available to you.

State pension

How much state pension you'll get, who is eligible for state pension and what contracting out means.

Company pensions

How company pensions work and the difference between defined benefit and defined contribution.

Personal pensions

What personal pensions are, how they work and the pros and cons of taking out a personal pension.

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