A pension is a tax-efficient way to save money for when you retire, providing you with an income once you have stopped working.

What are the different types of pensions?

There are two main types of pension funds, a workplace pension and a personal pension. You can have as many workplace and personal pension pots as you would like, but you cannot go over your annual pension contribution allowance. Many people like to consolidate their pension pots where appropriate for ease of management.

Knowledge

Be more informed

What kind of retirement lifestyle can you afford?

Drawdown calculator New? Sign up

Get a better understanding of your savings

Once you have retired, you want to enjoy your hard-earned retirement savings, whilst also ensuring you will have the money you need for later in life.

Use our drawdown calculator to understand how your savings will fund your retirement as you take an income, so you can be more informed on the best way to draw on your savings, to give you the retirement you want.

Request a call back Drawdown calculator

Getting pensions advice

The details surrounding pension rules are complex. Careful financial planning combined with our expert knowledge can help you manage your affairs as tax-efficiently as possible. Take a look at our services to ensure you have enough money to have the retirement you want.

Retirement Plan

What sort of retirement can I afford?

When thinking about how to draw an income from your retirement savings, professional advice can make sure you take the right decisions for you and your family.

Find out more

Financial Planning Service

A carefully designed financial plan can give you the freedom to do even more of the things you want to do and maybe even things you never thought possible.

We'll create a financial plan that matches your individual needs and objectives.
We can help you become more tax-efficient with your savings with our range of planning tools and techniques.
Professional expertise on hand to organise your investments to ensure you are comfortable with your financial decisions.

Find out more

2 of 3

Wealth Management Service

Entrust your dedicated Financial Planner and Investment Manager to provide you with a holistic financial plan and personalised investment strategy.

We’ll explore your financial requirements to create a plan that matches your individual needs and goals.
We'll give you confidence in your investment decisions based on your investment strategy.
We’ll form a secure financial future for you and your loved ones.

Find out more

3 of 3

Insights to help you

A range of insights from our experts to help you to identify the best approach to draw on your savings, to give you the retirement you want.

View all insights

Article

Planning your retirement in seven easy steps

By Rob Morgan

Spokesperson & Chief Analyst

20 Apr 2022 | 9 min read

Article

The importance of retirement planning

By Lisa Caplan

Foundation Financial Planning Director, Charles Stanley

25 Nov 2021 | 4 min read

Article

How to avoid seven common retirement mistakes

By Rob Morgan

Spokesperson & Chief Analyst

27 Apr 2022 | 7 min read

Article

Planning for the retirement lifestyle you want

By Lisa Caplan

Foundation Financial Planning Director

02 Mar 2022 | 8 min read

Frequently asked questions

With both workplace and personal pensions, such as a SIPP, you will need to wait until retirement age to access your money. The minimum age for accessing money from a personal pension is 55, but this is set to rise for most people to 57 from 2028. A workplace or occupational pension can have a different retirement age.

Currently, you are allowed to take money from your personal pension from the age of 55, rising to 57 from 2028. You can carry on working, but the amount you can pay into a pension may be affected.

When you take money out of a personal pension it is taxable as income, but you can take 25% of the value tax-free under current rules.

A workplace or occupational pension could have a different retirement age.