How do pensions work? We can help you understand how your pensions and investments work. 1. Paying into your pension Workplace pension contributions are automatically taken as a percentage of your salary, before any tax is deducted, each payday. ...
Need help understanding pension basics? This guide from Prudential offers advice on what a pension is, how pensions work and more.
This paper investigates how people anticipate the future when they make decisions about workplace pensions, considering whether they think about later life at all; if so, how they conceptualise it; and how these views shape their saving behaviour. These are important questions in the UK where ...
When workplace pensions are left ‘inactive’ like this, you could be missing out on the benefits of compounding returns over the course of your retirement savings. This is especially true if your unattended pots were put into a default fund, irrespective of the appropriate risk profile, and ...
How do pensions work? As the cost of living rises and the State Pension age creeps ever higher, saving forretirementis on the minds of most working-age individuals – whether they already have a pension pot or not. If you’ve been procrastinating or feeling overwhelmed by the prospect of ...
A personal pension plan can be used to save for retirement if you’re self-employed, don’t work or want to set up an additional pension. Learn about personal pensions.
Workplace schemes and auto-enrolment Most companies have stopped offering final salary pensions, in which case you may have a defined contribution one. If you’re earning more than £10,000 a year, your employer legally must enroll you into one of these. The first step is to check what ...
How do I find my old pensions? You can find details on your old pensions in three ways: Contact the pension provider Contact your former employer, if it was a Workplace pension Use a pension tracing service Workplace pensions can often be with a different provider for each job you hold,...
How does FMLA work? Who does an employer pay unemployment tax to? How do pensions work? What is structural unemployment? What is frictional unemployment? What is zero unemployment? What is the difference between the actual unemployment rate and the natural rate of unemployment?
Workplace pensions, known as defined contribution (DC) schemes, had suffered the most. "Given the scale of the equity market falls since early April 2025, and the fall in government bond yields, it is possible that some DC savers may see a reduction in retirement income of up to 20%,"...