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 Pensions cannot usually be withdrawn until age 55 (increasing to 57 in 2028).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
Annuity Age Limits
Before 2006, it was compulsory to purchase an annuity before reaching the age of 75. This was increased to 77 in 2010, and the annuity age limit was eventually scrapped in April 2011. As a consequence of these new regulations, it is now possible for people to avoid purchasing annuity plans altogether. The alternative to annuity is income drawdown, which involves you leaving your pension funds invested, with the ability to draw funds out from it directly.
However, even though purchasing an annuity is not a necessary requirement when you reach a certain age limit, you still may wish to consider it as an option for your pension. An annuity involves you trading your pension to an insurance provider in exchange for a guaranteed regular income. It could be a good idea to compare the benefits of annuity to those of other options such as income drawdown.
Although many people may benefit from an annuity plan, others may not. The following advantages and disadvantages of annuities could help you to decide whether you might wish to invest in one or not:
Advantages
- Receive a guaranteed, regular fixed income
- You could be able to withdraw up to 25% of your pension as a tax-free lump sum when purchasing an annuity plan
- If you live longer than expected, you could end up receiving more money than in your pension
- Ill or unhealthy people could benefit from higher regular payments
Disadvantages
- In the case that you died early, you could receive less money than was in your pension fund
- You cannot cancel an annuity
- If you are reasonably healthy, you may receive smaller regular payments
Not every insurance provider will offer you the same deal on your annuity, therefore it makes sense to compare different quotes to ensure that you are getting the most from your pension.
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