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 Pensions cannot usually be withdrawn until age 55 (increasing to 57 in 2028).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
Purchased Life Annuities
Purchased life annuities is the collective name for any annuity which is calculated according to life expectancy and doesn’t fit into any other category of annuity, for example, isn’t related to a pension fund or is guaranteed to be payable for a certain period of time.
Purchased life annuities are provided by insurance companies and will pay you an income for the remainder of your lifetime in exchange for a lump sum payment. For example, you decide that you wish to receive an income for the remainder of your lifetime and, rather than placing your capital on deposit and receiving the interest, you purchase an annuity and the insurance company will pay you your annuity income for the rest of your life, regardless of how long that may be. On your death, annuity payments will generally cease.
Annuity payments will be calculated according to your age at outset and your life expectancy together with “gilt yields” (which are closely linked to interest rates).
The rationale behind this is that you hope that you will live for many years to come, certainly in excess of the “average” person whereas the insurance company hope that your life expectancy will be lower than average, thereby providing them with a profit.
Purchased life annuities do offer some tax advantages. Firstly, the annuity payments are treated as part interest and part return of capital and as such, income tax is only applied to the interest element. Secondly, if you happen to live for many years so that the annuity income received far outstrips the capital sum paid, there is no capital gains tax to pay. Thirdly, the purchase price of the purchased life annuity will reduce the value of your estate and this will have the effect of reducing your estate for inheritance tax purposes.
When considering purchased life annuities or any kind of tax planning, it is important that this is carried out in conjunction with a suitably qualified and impartial financial adviser who is able to guide you through the process, ensuring that purchased life annuities are the most appropriate course of action for you and making sure that you obtain the best rates on the market at the 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