Share Pensions

Yawn. Come on then, hot shot. What’s the deal with pensions?

A pension is a pot of money which will be your income later in life. You keep it separate from other stashes because it’s taxed differently and locked up ‘till you’re older.

Here are some basic facts to digest:

  • The Government has tried to make pensions sexy by giving us a collective kick up the bum in the guise of free money – for every £80 a basic-rate tax payer saves in a pension, the Government will give you a £20 top-up
  • No pain, no gain. The earliest you can get your paws on pensions savings is 55. So it’s a long-term commitment.
  • Most of our retirement cocktails have three shots – the State Pension, a Workplace Pension and a Private Pension. Hic.

State Pension

The most basic part of any retirement income. Do you know how old will you be when the Government dishes this out. And how much will you get?

Find out

Workplace Pension

The law has changed and from 2018 everyone’s boss will have to offer them a pension. By 2019 a minimum of 8% of our salary will be going into this. No ifs. No buts.

Tell me more...

Private Pension

A private pension is like a snowball. At first it’s all a bit pathetic and “why bother.” But the bigger it grows, the quicker it grows.
You can set up your own pension. Online. In 10 minutes.

Who is any good?


This is finance jargon for a DIY pension. A ‘self invested personal pension’. You get the pension toolbox. And you choose what investments to stick in it. #labouredanalogy

How can I build one?

My Retirement Income

Spare me all this pensions babble. Let’s cut to the chase. How much will I have when I’m an oldie!?

Find out more

What are other people asking about Pensions?

Check out more Pensions questions and our Money Owls' answers.

View all

3 Min Reads

View all

How to pick the right DIY pension for you

Pensions Explained
How to build your own perfect pension: Five easy options to start a SIPP and get money flowing into your retirement pot
Pain neck

The Lifetime Allowance

Pensions Explained
If you are a high earner and you start a pension early, do find out about this pain in the neck called the Lifetime Allowance.

The Auto Enrolment Aspirin

Pensions Explained
Most firms in Britain are now starting to set up a compulsory pension scheme for employees. This article tells you how much is involved and gives small business owners some pointers.

Sign up to our e-newsletter

Holly's blog offers helpful tips, thoughtful ideas and her latest news and events.

Important stuff!

Holly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice, nor are we regulated by the industry watchdog (although we do talk to them a lot). For every story on this site about a good investment, or something which went up by 10% or made someone £200, we could share a story about a bad investment, something which fell by 10% or lost someone £200. Nothing’s certain when investing so if you’re really unsure, or dealing with complicated stuff like working out what to do with a pension when you retire, we’d really suggest you get some financial advice. Here are some tips on  how to pick a good financial adviser. Or check out Unbiased or VouchedFor. Just remember, commission has been banned now so advisers need to be very clear with you about what you are paying them and when.