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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

  • The state pension

    The State Pension gives you a regular income from the government once you reach State Pension age.

  • Workplace pensions

    Workplace pensions are set up by employers. Every employer must provide a workplace pension by April 2019.

  • Annuities

    An annuity is a type of insurance policy that can be bought using your pension and provide you with a regular income.

  • 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.

  • What you can do with your 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.

For more information call Age Cymru Advice on 0300 303 44 98

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