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- Beginners’ Guide to Pensions and Retirement

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Pensions
Choose a pension from Scottish Widows and you’ll really make the most of your retirement planning.
Your choice of pensions
Stakeholder Pension
- Start from £20 per month
- One of the easiest and most flexible pensions
- Get tax relief on your payments
- Low annual charges and no set up charge
Personal Pension
- Start from £100 per month, or a £2,000 single payment
- A flexible pension
- Get tax relief on your payments
Retirement Account
- Start from £200 per month, or a £10,000 single payment
- For Retirement Planning and/or Retirement Income
- Wide range of investments
- Simple and transparent charging
Annuities
- Conventional annuity for Retirement Income
- Start from age 55
- Simple and easy to understand
The level of income you receive from your pension plan will depend upon a number of factors including the value of the plan when you decide to take your pension, which isn’t guaranteed and can go down as well as up.
