Pensions Guide

Find out how pensions tax relief works and how pension income is taxed with our short guide to pensions and tax.
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Latest Pension Commentary

Cash solutions for your pension fund

James Caldwell / 18 May 2012

With stock markets as uncertain as they are with continued uncertainty about the future of the Euro, what next is the question many investors will be asking and particularly those invested in pensio... Read more

State pension age rise to 67 will impact 8 million people earlier than expected

James Caldwell / 30 November 2011

In the Autumn statement yesterday George Osborne announced that the planned increase in state pension retirement age from 66 to 67 would be brought forward from 2036 to 2028. This move is expected t... Read more

Shopping around for an annuity to be made easier - ABI

Emma Thompson / 06 October 2011

The Association of British Insurers (ABI) has launched a new initiative that is designed to make it easier for people reaching the age of retirement to shop around for an annuity to ensure that they... Read more

Latest Newsletter Articles

M&G takes top spot

Oliver Roylance-Smith / 17 April 2012

M&G has enjoyed pride of place so far this year as a top performing investment house, not only taking 3 of our Top 10 fund picks for ISA season but also taking the number one slot for the most m... Read more

New ISA season new investment opportunities

James Caldwell / 13 April 2012

For Savers and Investors the new 2012/13 tax year which started on 6th April 2012 brings with it new ISA allowance thresholds which have been set by HM Treasury. For Cash ISA savers £5,640 can... Read more

ISAs overtake pensions in popularity

Colm Hebblethwaite / 12 April 2012

The Office for National Statistics (ONS) has released figures that show that people in the UK have put more money into stocks and shares ISAs than personal pensions. 2010/11 saw around £15.84 ... Read more

Investment Focus

Investment Focus: Gilliat Income Builder Plus

Oliver Roylance-Smith / 15 May 2012

Of all the investment themes, income is consistently at the forefront of the investor’s mind, whether you are working and need to supplement your earnings, or retired and looking to add to you... Read more

Investment Focus: Gilliat Deposit Kick Out Plan

Oliver Roylance-Smith / 15 November 2011

Finding a product that offers an attractive solution in the current economic climate is certainly a challenge. However, despite some of the most challenging conditions ever seen, we take a look at o... Read more

Investment Focus: Gilliat Deposit Kick Out Plan

Oliver Roylance-Smith / 20 September 2011

Finding a product that offers an attractive solution in the current economic climate is certainly a challenge. However, despite some of the most challenging conditions ever seen, we take a look at o... Read more

Pension deposit accounts

cash pension options Oliver Roylance-Smith
"In the current economic climate, you might be looking for somewhere to save for your retirement that doesn't put put your capital at risk. To help you find the best options for your existing pension that suit your needs, we're brought together a range of cash options - deposit accounts that offer competitive interest rates. See below for our selection from leading providers. Alternatively, you might want to consider capital protected pension plans, which offer potentially higher returns than cash accounts."
Oliver Roylance-Smith, Head of savings and investment
Pension deposit accounts
ProviderAccountMinimum DepositTermRate (AER)More Info
£10,0005 Years4.00%More Info
A 5 year deposit account paying a fixed rate of 4.00% annually. Quarterly and monthly interest is also available.
£10,0003 Years3.50%More Info
A 3 year deposit account paying a fixed rate of 3.50% annually.
£50,000No fixed Term2.00%More Info
A deposit account paying a variable rate of 2.00% on balances above £50,000, or 1.75% variable on balances of £500-£49,999.
Capital protected pension plans
ProviderPlan NameDeposit TakerSIPP OptionTermMaximum Potential ReturnMore Info
FTSE 100 3 Year Deposit Plan Investec Bank plcyes3 years17.25%More Info >
3 year capital protected deposit plan with the potential to receive a defined return of 17.25%. Also available for Cash ISA and Cash ISA transfer.
FTSE 100 Deposit Growth PlanInvestec Bank plcyes5 yearsNo limitMore Info >
5 year capital protected structured deposit plan which aims to return 1.05 x any FTSE 100 growth. Also available for Cash ISA and Cash ISA transfer.
Growth Deposit BondCater Allenyes6 years50%More Info >
6 year capital protected structured deposit plan which returns the greater of 9.00% or 1 x any FTSE 100 growth, capped at 50%. Also available for Cash ISA and Cash ISA transfer.
Enhanced Growth PlanSantander UK plcyes6 years40%More Info >
6 year capital protected structured deposit plan which aims to return 4 x any FTSE 100 growth capped at 40%. Also available for Cash ISA and Cash ISA transfer.
Annual Locked-In Return PlanSantander UK plcyes6 years39%More Info >
6 year capital protected structured deposit plan which aims to return 6.50% annual growth capped at 39%. Also available for Cash ISA and Cash ISA transfer.
Important Information: Structured investment plans are not capital protected and are not covered by the Financial Services Compensation Scheme (FSCS) for default alone. Income and growth returns are not guaranteed. There is a risk of losing some or all of your initial investment due to the performance of the underlying Index or commodity. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.

Compare and find best cash pensions

Pension cash accounts can be used to hold funds if you are approaching retirement in order to preserve your capital, to lower your exposure to riskier assets, or can used while you decide where to invest your pension pot.

For example, an existing pension pot could be transferred to a pension cash account paying a competitive interest rate whilst you devise your investment strategy. To find the right cash pension option for you, use our comparison tables where we've selected some of the leading rates from top providers.

 Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.

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