From understanding how pension tax relief works to learning more about the various annual and lifetime pension allowances and what happens to our pensions when we die, learn all about the latest in UK pension legislation through our guides below.
Even though pensions are one of the most tax-efficient ways to save for your future, they can be confusing. In this section, we explain everything you need to know about tax relief and tax on pensions.
Learn about how your pension annual allowances and Lifetime Allowances work.
If you’ve been paying into a pension for years, it’s important to understand what will happen to it when you are not around anymore.
This depends on what type of pension you have among other things, and we explain more in our article, What happens to my pension when I die.
There are various rules that you might need to know about when it comes to UK pensions, depending on your personal circumstances. For example, these range from how pensions are shared in divorce, and when you can take your pension early if you suffer an illness, to how savings affect your benefits.
If you’re worried about what would happen to your pension if your bank or pensions provider were to fold, we walk you through how you are protected and how to access this safety net, if needed.
If you’re thinking about getting professional financial advice, you can find a local financial adviser on VouchedFor or Unbiased.
Alternatively, if you’re looking for somewhere to start, we’ve partnered with independent advice firm Fidelius to offer Rest Less members a free initial consultation with a qualified financial advisor. There’s no obligation, however if the adviser feels you’d benefit from paid financial advice, they’ll talk you through how that works and the charges involved.
Fidelius are rated 4.7 out of 5 from over 1,000 reviews on VouchedFor, the review site for financial advisors.
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