Let's start at the beginning
If you’re new to pensions or want to find out more about how they work, we've created this simple video to help you get to grips with the basics of pension saving.
This handy video goes into detail about exactly what pensions are, the benefits of paying into a pension, and how increasing your pension contributions could mean more money for you to enjoy in later life.
Transcript for video Pension basics
If you’re busy buzzing away each day -...
...you’ve probably got a job to go to...
...a family to take care of...
...a home to keep ship shape - then saving for your future may not be the highest priority.
The thing is, time goes by quicker than you think, so when you actually want to retire might not be too far away.
The sooner you act – even if it’s saving just a small amount -...
... could mean the difference between a comfortable retirement and one that leaves you feeling...well, a little flat.
That’s why a workplace pension is the easiest way to build up a pot of money. Your employer sets it all up and will put your contribution in straight from your salary.
As long as you pay in, they’ll put their money in too.
Some employers even match your contribution, so it’s worth checking how much they’re prepared to give you and getting as much in your pot as you can - look at it as free money.
Besides this, the government gives you tax relief, so money that you would otherwise pay in tax is diverted into your pension pot.
Unlike a savings account, your pension savings are invested. This is to help your savings grow...
and the earlier you start saving, the more time they have to grow. You do have to be aware that investment values can go down as well as up and you could get back less than the amount paid in.
There are a number of ways you can take your money - with up to 25% being tax-free. You’ll also get a State Pension when you’re old enough - as long as you’ve made enough qualifying national insurance contributions.
The current full new State Pension is £230.25 per week - probably not enough on its own to live comfortably but...
if you’ve built up a workplace pension, it’s a good boost to your savings.
To see what your future could look like visit our easy-to-use, interactive Shape My Future tool which helps you see how much you’re saving and picture what your retirement could look like.
What can you do next?
Set up your Online Account to make pension saving simple
It’s a really good idea to set up an Online Account with us. That’s where you can do things like nominate the person you’d like to receive your pension savings if you should die before taking your benefits. You can also use it to choose from our range of investment profiles or self-select from our range of funds. And you might want to think about bringing all your existing pensions together with us to make them easier to manage.
Log in to MyWorkplace
Manage your pension the easy way by logging into your account on our online platform - MyWorkplace. Giving you secure online access to your pension wherever and whenever you need it.
Aviva Pension Seminars
Aviva will be running a series of pension seminars to help you understand your new pension scheme and what to expect. To find out more, and book your place, visit our registration page.
More information
Contact us
If you're struggling to get to grips with your pension, we are here to help.
Email us using the email address below or give us a call. Calls to and from Aviva may be monitored and/or recorded.
Contact Aviva
0345 604 9915
Email: contactus@aviva.com
Guidance and Advice
This site does not provide financial advice.
MoneyHelper
A good place to start is MoneyHelper, the government-backed free guidance service. The MoneyHelper service won't tell you what you should do, but they'll provide you with information to help you understand your options.
Contact an adviser
For financial advice please contact your financial adviser. You may be charged for this. MoneyHelper can help you find an adviser in your area.
Aviva Financial Advice
Aviva Financial Advice is a trading name of the Aviva Group financial advice firm Succession Financial Management. Call 0800 092 2585 or if you're short on time you can book a call back with one of the team.