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Personal & Company Pensions

You can get money from a workplace or other pension on top of the State Pension.

The full new State Pension will be no less than £151.25 per week. The actual amount will be set in Autumn 2015. The amount you get can be higher or lower depending on your National Insurance record. It will only be higher if you have over a certain amount of Additional State Pension.

You don’t have to stop working when you reach State Pension age but you will no longer have to pay National Insurance, you can also request flexible working arrangements.

Some workplace pensions are called ‘occupational, ‘works’, ‘company or ‘work-based’ pensions.

How they work

A percentage of your pay is put into the pension scheme automatically every payday.

In most cases, your employer also adds money into the pension scheme for you, and you get tax relief from the government.

When you can take your pension pot depends on your pension scheme’s rules – it’s usually 55 at the earliest.

Contact us to find out more