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 Pensions cannot usually be withdrawn until age 55 (increasing to 57 in 2028).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 Brokers
Using a good annuity broker can ensure that you maximise the value from your pension fund. Under the open market option you are entitled to shop around for the best annuity deal and you are not obliged to accept the annuity offered by your existing pension provider.
Remember, that once the contract between you and your insurance provider has been signed, you are unable to change your mind and take back your lump sum. Because of this, taking out an annuity plan requires a lot of serious thought. Ensure that you are clear about what an annuity plan entails and whether it is the right decision for you and your personal circumstances. This is where an annuity broker can help in giving you your range of options:
The amount of income your annuity will pay will be determined by a number of different factors including:
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Age
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Current health situation
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The type of basis you choose for your annuity e.g. Joint life option
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The amount of money your pension holds
You are under no obligations to stay with your current insurance provider if you decide you would like to take out an annuity plan. This is important to remember as many people do not realise they can change to a different insurer. You may find that this can save you money and find you a better policy.
If you are still finding it difficult to obtain the right annuity policy, you may want to consider contacting an annuity broker. A broker acts as the middle man between you and the insurance providers. Annuity brokers are experts in their field and could help you to source the most cost effective and appropriate annuity plan for you.
Annuity brokers do charge a fee for their services (typically 1% although this is usually covered by the insurer’s commission), but they could take away some of the stress and hassle of finding the right deal. This is particularly the case if your situation is complicated, you have poor health, or you want to consider alternative options to annuities.
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