Pensions Best Buys

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Welcome to our Pensions Best Buys. The need to save for your own retirement has never been greater. Life expectancy continues to increase while the level of income provided by the state pension is likely to decrease. Our pension Best Buys show which providers have achieved the best growth over ten years based on a lump sum invested in either a unit linked or with profits pension fund.

When you choose a pension plan to save for your retirement you will need to consider features, charges and projected performance. Although past performance cannot predict how money invested today will grow, it can give you an indication of a provider’s track record.

Guides

Guide Pension Glossary
Pension terms explained...

Guide With profits personal pensions
Such pension contributions are either invested in a with profits fund or used to buy units in an insurance company's with profits fund.

Guide Unit-linked personal pension
Such pension contributions are used to buy units in a pooled fund or funds.

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Personal Pensions explained

A personal pension is a tax-efficient savings plan that enables you to save for your retirement. Under present tax arrangements, for each £1 that you pay into your pension the Government will add an extra 20p into your fund, even if you do not normally pay income tax.

When you start your pension plan you will be asked to select the funds you wish to invest in from a range based on different investment themes and strategies. Our personal pension past performance tables show results from a unit linked balanced managed fund or a with profits fund.

Contributions can be made in various ways, either regularly, by lump sum or by a combination of both. On retirement, up to 25% of the fund value can be taken as a tax-free cash lump sum. The remainder of the fund must be used to buy an annuity which provides a secure income for the rest of your life.