Compare UK Pension Services
Compare pension services for self invested pensions (SIPPs) where you can pull your existing pension plans into one place.
Lost track of old pension plans? Service for tracking down plans from previous employments.
Annuity service if you are looking to buy a guaranteed income from your pension pot.
Looking To Retire At Age 55? FREE Guide
FREE Guide – Retiring Early!
8 tips for an earlier, wealthier retirement
Transforming that dream into a reality doesn’t come cheap, how could you afford it? Once you have paid off debts, like it or not, the answer is likely to depend on your pension.
Straightforward guide provides eight tips that could help you to retire earlier than you thought, including:
- The simple formula for how much you should consider investing each month
- How to boost existing pensions
- Understanding the options available at retirement (including the new rules)
This guide is not personal advice. Please remember tax rules can change and the value of the tax benefits will depend on your circumstances. The value of investments can fall as well as rise so you could get back less than you invest. Pensions cannot usually be withdrawn until age 55 (increasing to 57 in 2028).
Self Invested Pension
Take Control of your pension!
A self-invested personal pension (SIPP) is different to a traditional pension. Instead of limiting your investment options, a SIPP opens the doors, giving you more choice in how you invest your money. Like other pensions, the government will still give you up to 46% tax relief on the amount you pay in. Once your money is in a SIPP, you won’t have to pay tax on any gains or income your investments make.- Low cost award winning pension – Fixed fee plan keeps costs down over long term
- Investment choice – Choose from more than 40,000 investments
- Ready made funds and investment ideas – Making it easy to select investments
- Expertise – Research, ideas, and updates to help you with your investment decisions
Compare Self Invested Pension Providers
A low cost award-winning SIPP that gives you a choice of over 40,000 investments; Selected funds; Ready made portfolios.
Sipp fee: £5.99 pm – assets up to £50,000, £12.99 pm – assets over £50,000
Low-cost personal pension from award-winning provider Bestinvest. Choose from thousands of investments, get inspiration from guides and articles or opt for a Ready-made Portfolio
Sipp fee: up to 0.4% pa
Thousands of funds to choose from; Select 50 – Browse a list of expert picks. Pathfinder – Risk profiled fund options. Investment Finder – Search 1000s of investment ideas.
Less than £25,000: 0.35% if you have a regular savings plan or £90 (£7.50 a month) if you don’t
£25,000 or more but less than £250,000: 0.35%
£250,000 or more but less than £1 million: 0.20% – and you will automatically qualify for Fidelity’s Wealth Management Service benefits
£1 million+: 0.20% a year for the first £1 million and no service fee for investments over £1 million
Annuity Services
Pension Finder & Transfer Service
There are no tables for this criteria
Annuities for Women
Building up your pension takes many years of careful saving, so when it comes to retiring, you will want to be sure that you get maximum benefits from your pension. As you approach retirement age, it is a good idea to compare the options that you have for your pension. One of these options is to purchase an annuity plan. Annuities are available to both women and men, although rates currently differ based on gender (from December 2012 rates have been equalized). Purchasing an annuity involves trading your pension to an insurance provider in exchange for a guaranteed fixed income that you would receive up to your death.
The amount of income that you could expect from an annuity plan will vary significantly from person to person, with insurers taking a number of factors into consideration to decide this. The following all tend to affect the income rate offered:
- Age
- Occupation
- Health
- Location
- Sex (until December 2012 – see below)
Sex is a major deciding factor on how much annuities for women will pay out. This is due to the fact that, statistically, women have a higher life expectancy rate than men, and therefore insurers are therefore more likely to have to pay out for longer. As a result, the average woman should expect to receive smaller income from an annuity. However, as every insurer could offer such varying income amounts, it would be advisable for women to compare quotes from several different providers to ensure that they get the best deal possible.
In a European Court of Justice ruling in May 2011 insurers are no longer be able to discriminate against women on offering lower annuity pensions compared to men because they have on average higher life expectancies. This ruling took affect from December 2012. The equalization of annuity rates means that rates for women have increased while rates for men have decreased.
10 COSTLY PENSION MISTAKES
10 Costly Pension Mistakes Millions of Britons Make
- How to discover if your pension will be enough
- What ‘free money’ most private sector workers miss out on
- How to get a share of £41 billion from the taxman
- How to benefit from the pension freedoms and avoid the traps