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 Pensions cannot usually be withdrawn until age 55 (increasing to 57 in 2028).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 At Age 75
Financially speaking, an annuity refers to the exchange of a lump sum of money from your pension in return for a fixed income over a period of time. Many people are interested in transferring their pensions into annuities as a way of generating a regular income.
Some insurance providers offer annuities that will continue to pay you back for as long as are alive. Other insurers will provide a fixed term annuity plan (usually around 5-10 years) that will pay you up until the end of your set time period. In the case that you die, the fixed period will still continue to provide an income, possibly for a family member or surviving dependant.
The government announced in 2011 that buying an annuity at age 75 would no longer be compulsory. If you are looking to convert your personal, stakeholder or employer scheme pension into annuities and you are aged 75, the choice is now completely up to you.
There are a few important factors worth considering before you decide to trade your pension for annuities. These include:
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Will you be protected against inflation?
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How much risk are you willing to take?
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Does anyone currently depend on you?
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Do you want full control of your investment?
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What is your general state of health like?
The amount of income your annuities will generate will depend on a number of different considerations, some of which include:
- The amount of pension you are looking to exchange.
- The amount of tax free lump sum you decide to have.
- Your state of health.
- Your gender.
- The extra benefits you chose. (E.g. joint/single cover.)
You are not tied down to receive annuities at aged 75 with your current insurer and so you should shop around using the open market option which allows you to purchase an annuity from an annuity provider other than your pension provider.
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