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 Pensions cannot usually be withdrawn until age 55 (increasing to 57 in 2028).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
Lifetime Annuities
An annuity is essentially an agreement whereby an insurance company will take your pension pot and pay you an income from it (also known as an annuity) for a specified period of time – in the case of a lifetime annuity, this income will be paid for the rest of your life.
What are the different types of lifetime annuity?
There are several different types of lifetime annuity to choose from, so it makes sense to do your research in order to find out which type is best for you.
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A single lifetime annuity is suitable for people who are buying a pension solely for themselves – for example, those who are single or those who have a partner with their own existing annuity in place.
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A joint lifetime annuity means that in the event of your death, you can opt to have part or all of your pension income transfer to your spouse, civil partner, or another dependant. If you have a partner who has been a stay at home parent or who has a small pension pot of their own for other reasons, this could be a suitable option because you can be assured that they will be provided for if you die before them.
What are the advantages of purchasing a lifetime annuity?
By taking out a lifetime annuity you can benefit from the peace of mind that comes with having a guaranteed regular income until you die. As well as being reassuring in terms of allowing you to plan for your financial future, a lifetime annuity could also allow you to avoid having to make ongoing decisions about your pension fund as you get older.
What are the disadvantages of purchasing a lifetime annuity?
A lifetime annuity can be a popular choice for pensioners – however, there are a few potential disadvantages that you may want to bear in mind:
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Inflation means that a fixed pension income will most likely be worth less in real terms in the future.
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After you die, the payments will stop – so a single lifetime annuity may not be right for you if you have dependents who rely on your income.
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A joint life annuity will usually provide a lower income than a single life annuity because the provider will expect the pension pot to have to last longer overall.
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It can be difficult to get a joint lifetime annuity if your partner is more than ten years younger than you, as pension providers will anticipate having to pay out income for a longer period of time.
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