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Pension types: Pension Saver Guides

Everything you ever needed to know about pensions.

Pension basics

Pension tax relief explained

What is pension tax relief, how it works, how to claim pension tax relief, tax-free pension allowances and claiming higher rate tax relief.

Pension types

Workplace pensions explained

What workplace pensions are and how they work. Qualification, enrolment and opting out of a workplace pension. What happens to a workplace pension when leaving a company or after passing away.

Pension withdrawal

When can I withdraw my pension?

See when it's possible to withdraw from a private or the State pension, withdrawing early due to ill health and how to deal with pension withdrawal scams.

Workplace pensions explained

What workplace pensions are and how they work. Qualification, enrolment and opting out of a workplace pension. What happens to a workplace pension when leaving a company or after passing away.

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What is a defined contribution pension?

Defined contribution pensions explained, including how they work and a comparison with defined benefit pensions.

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What is a defined benefit pension?

How defined benefit pensions work, calculating defined benefit pension value and how to access a defined benefit pension.

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What is a private pension?

How private pensions work, paying into one, taking benefits, tax on private pensions and more.

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What is a SIPP?

Find out what a SIPP is, how they work, tax relief, withdrawal rules and how they compare with ISAs

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What is the State pension?

What the State pension is, how it works and how much you can expect to receive when you stop working.

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How to calculate your State Pension

Find out how much State pension you can expect to receive in retirement based on National Insurance payments made throughout your life.

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1. Get a Penfold account by registering your details online or with our app.

2. Transfer an existing pension, or make a one-off or recurring payment (pause or adjust any time).

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