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Pensions advice

There are many different pension schemes available to support you during retirement. Put simply, a pension scheme is a way of saving for later life, but with tax relief on your contributions. Most people are entitled to a state pension when they reach state pension age, but you may also have a personal or a workplace pension. In this section, you can find free and impartial advice on pensions, annuities and retirement planning.

Pensions and annuities

  • State Pension

    The State Pension gives you a regular income from the government once you reach State Pension age. Find out more.
  • Annuities

    An annuity is a type of insurance policy that can be bought using your pension and will provide you with a regular income. Find out more.
  • Workplace pensions

    Workplace pensions are set up by employers. Every employer must provide a workplace pension by April 2019. Find out more.
  • Tracing old pensions

    If you have had more than one job you may have multiple pensions. The Pension Tracing Service is free and can help.
  • Pension scams

    It’s possible to access your pension prior to retirement and invest in another way, but be wary of scammers. Find out more.

Get in touch with your local Age UK for face-to-face advice

Retirement planning

  • What can I do with my pension pot?

    When you retire you can take a cash lump sum, choose an income drawdown scheme or buy an annuity with your pension pot. Find out more.
  • Retirement planning with Paul Lewis

    Financial journalist and presenter of BBC Radio 4's Moneybox, Paul Lewis, gives his tips on how to plan for retirement.
  • Pension calculator

    Use the Age UK pension calculator to help you plan for the type of retirement that you want.
  • Boost your income in retirement

    There are also ways to boost your income such as getting a benefits check, tracing lost money, or cutting household costs. Find out more.

Pension changes

  • Pension freedoms

    Since April 2015, some people over 55 now have greater freedom in how they can access their pension pots. Find out more.
  • New State Pension explained

    A new single-tier, flat-rate State Pension was introduced on 6 April 2016. Find out if you qualify for the new system.
  • Changes to State Pension age

    The State Pension age is increasing for men and women depending on when they were born. Find out who is affected.

Call our advice line

0800 678 1174 0800 678 1174


  • Pension calculator

    It's never too early to start thinking about your retirement. Use our pension calculator to help you get the retirement you want.
  • Pension freedoms

    Since April 2015, some people over 55 now have greater freedom in how they can access their pension pots. Find out more.

Missing pensions

Michelle Cracknell and Amy Mankelow discuss the number of missing pension pots in the UK and how you can use the Pensions Advisory Service to trace your missing pensions.

More money radio features

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We are grateful for the generous support of the late Sir Naim Dangoor, CBE, and the Exilarch's Foundation.