Friday, October 10, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    AI

    The Four Steps That Make AI Systems Trustworthy (According to Federal Standards)

    How to Choose the Right Analytics Tools to Improve Your Payment Workflow

    How to Choose the Right Analytics Tools to Improve Your Payment Workflow

    Navigating the Magic of UI Animations: Unveiling the User Experience

    Navigating the Magic of UI Animations: Unveiling the User Experience

    Application Services

    Belitsoft Lists Top 5 Trends Shaping Managed Application Services in 2025

    How Technology Ensure Safe and Secure Online Gaming with Eat and Run Verification

    Smart Building Technology Integration: Future-Proofing Hospitality Through Intelligent Systems

    Laptop

    Laptop Running Slow? A Technician’s Guide to Performance Restoration

    Woman in a red dress wears a VR headset, standing in front of a vibrant digital backdrop with blue and pink glowing lines, creating a futuristic feel.

    The Future of Online Entertainment: What’s Next for a Digital Generation

    How businesses can balance AI innovation with online security

    How businesses can balance AI innovation with online security

    Modern office with two people working at desks, each focusing on computer screens displaying code. The room is dimly lit, creating a focused atmosphere.

    Top 10 Bespoke Software Development Companies in 2025

  • Consumer
    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Craving Connection: Why Food Gifting Is the New Love Language

    Craving Connection: Why Food Gifting Is the New Love Language

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

  • Finance
    Is Britain Ready for a Digital Pound? The Cybersecurity Battle You Haven’t Heard About

    Is Britain Ready for a Digital Pound? The Cybersecurity Battle You Haven’t Heard About

    Smartphone displaying stock graphs is on a desk with a keyboard and mouse in front of a computer monitor. The setting feels modern and tech-focused.

    FTX Unwind Continues: $1.6B Payout Signals Progress Amid Market Uncertainty

    Solana Crypto Casino: Why Speed Isn’t Just a Feature – It’s the Foundation

    Solana Crypto Casino: Why Speed Isn’t Just a Feature – It’s the Foundation

    How workplace pensions have changed in the UK

    How workplace pensions have changed in the UK

    Computer monitor, calculator, keyboard, mouse, smartphone, and wireless earbuds on a pink surface, creating a modern and tech-focused scene.

    Surprising Tools That Can Help You Manage Your Money

    Close-up of a smartphone screen showing stock data with a dark background. Companies listed include Boeing and Disney. Graph lines suggest market trends.

    Best Online Forex Brokers for High Leverage and Risk Management

    Person holding a smartphone displaying a stock market graph, with a laptop showing financial data in the background. The mood is analytical and focused.

    Top 5 Mutual Funds in the UAE (2025)

    Glass vase containing a money plant, symbolizing savings and financial growth.

    Building Generational Wealth: How Professionals Can Plan Beyond Their Lifetime

    Close-up of the word gambling

    UK gambling tax debate: simplification or squeeze?

  • Environment
    Aerial view of London shows Thames River, bridge, and cityscape with modern and historic buildings

    Why Air Pollution Control Systems are Important

    Five Ocean Discoveries That Could Change How We See the World

    Five Ocean Discoveries That Could Change How We See the World

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

  • Property
    Two vibrant doors on a brick townhouse; left door is peach, numbered 17, and right door is bright pink in London, United Kingdom. The scene is sunny and inviting.

    From Classic to Contemporary: A Guide to Your Home’s Door Options

    Orange and white Mediterranean buildings with blue railings under a clear sky in Limassol, Cyprus. The bright colors and sunny day evoke a cheerful, tranquil vibe.

    Modern vs Traditional: The Range of Houses for Sale in Limassol

    Real Estate in Dubai

    Real Estate in Dubai: Strategic Investment Insights for 2025

    Safe asbestos management for homeowners

    Safe asbestos management for homeowners

    Angular, metal sheet wall with diamond patterns behind a dark railing, conveying an industrial feel. The texture is reflective and geometric.

    7 Design Concepts That Use Decorative Metal Sheets

    Worker repairs a red-tiled roof, balancing on scaffolding. They wear protective gear under a clear blue sky, conveying focus and diligence.

    The Complete Guide to Roof Repairs: What Every UK Property Owner Needs to Know in 2025

    A Comprehensive Guide on an Inline Extractor Fan

    A Comprehensive Guide on an Inline Extractor Fan

    Red door labeled "Fire Exit Keep Clear," indicating it should remain unobstructed for safety.

    Fire door compliance: Essential considerations for contractors and housebuilders

    Furnished Apartments

    London Serviced Apartments: A Growing Trend Among Modern Travellers

  • eCommerce
    Winning PPC Strategies for E-Commerce Brands

    Winning PPC Strategies for E-Commerce Brands

    SEO Agencies

    How To Audit Your Ecommerce Site Structure SEO? A complete Step-by-step Guide for Beginners

    Ecommerce Platform

    What Makes a Global Ecommerce Platform User-Friendly

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    The Importance of Digital Valuations for UK Ecommerce Brands

    The Importance of Digital Valuations for UK Ecommerce Brands

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

No Result
View All Result
Today News
Home Finance

Private Pension Plans: What They are and how They Work

Claire by Claire
January 17, 2023
Reading Time: 3 mins read
Private Pension Plans: What They are and how They Work
476
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Are you employed or self-employed and starting to think about retirement?

In the United Kingdom, the government guarantees those with at least 10 years of contributions a State pension that allows them to live comfortably, and employees can also get a workplace pension. Self-employed workers and, more generally, anyone wishing to maintain a high standard of living may also consider to open a personal pension, a sort of long-term investment that allows them to obtain an additional sum when they reach retirement age.

Related posts

Is Britain Ready for a Digital Pound? The Cybersecurity Battle You Haven’t Heard About

Is Britain Ready for a Digital Pound? The Cybersecurity Battle You Haven’t Heard About

October 8, 2025
363
Smartphone displaying stock graphs is on a desk with a keyboard and mouse in front of a computer monitor. The setting feels modern and tech-focused.

FTX Unwind Continues: $1.6B Payout Signals Progress Amid Market Uncertainty

October 8, 2025
405

The average retirement age in the UK is 66 for the State pension, on the other hand, private pension plans allow individuals to retire as early as 55.

In the following paragraphs, we will look at how private pensions work to have an adequate knowledge of the matter.

What a Private Pension is

Private pension plans are among the methods individuals can use to supplement the pension income.

With a personal pension plan, savers can make their own contributions to the individual plan which can be managed independently, perhaps under the supervision of their financial advisor, or by a team of professionals working within the provider where they have chosen to open the pension fund.

On reaching retirement age or the minimum age set by the chosen plan, the saver can access his or her savings without having to pay additional taxes and receiving a cheque commensurate with both the contributions paid and the performance of the investments made.

What Types of Personal Pension Plans Exist

The United Kingdom recognises three types of private pension plans, each designed to meet the needs of different types of users: standard personal pensions, Self-Invested Personal Pensions, known as SIPPs, and stakeholder pensions.

Standard personal pensions involve the payment of periodic, contractually agreed contributions to the service provider, who will invest them in shares, bonds, or mutual funds to increase the initial capital over time and enable the future retiree to obtain an additional sum of money at retirement.

In the second group, that of SIPPs, are pension plans that allow saver investors to choose for themselves the securities or fund shares to include in their investment portfolio. Of course, those without much experience can rely on a financial advisor, who will be able to indicate the best options to reduce the risks.

Stakeholder pensions, which can be accessed either privately or through a workplace pension, must meet the minimum requirements set by the government, i.e., they must have spending limits, the possibility of discontinuing contributions, free transfer and minimum contributions not exceeding £ 20.

Personal Pension: How to Choose one

Those who wish to set up a personal pension can turn to companies and financial institutions that offer this type of service.

Before signing the contract, the user must make sure that the pension plan reflects his or her needs and must carefully consider costs, the way contributions are paid, and the age from which the accumulated savings can be accessed.

Those who choose a standard personal pension must also make sure that the team that will oversee choosing the securities is trained and competent.

Claire

Previous Post

Top 5 UK Cities with the Highest Casino Winning Rate

Next Post

How to Save Money When Returning Your Car to the Lease Company

Related Posts

Is Britain Ready for a Digital Pound? The Cybersecurity Battle You Haven’t Heard About
Finance

Is Britain Ready for a Digital Pound? The Cybersecurity Battle You Haven’t Heard About

October 8, 2025
363
Smartphone displaying stock graphs is on a desk with a keyboard and mouse in front of a computer monitor. The setting feels modern and tech-focused.
Finance

FTX Unwind Continues: $1.6B Payout Signals Progress Amid Market Uncertainty

October 8, 2025
405
Solana Crypto Casino: Why Speed Isn’t Just a Feature – It’s the Foundation
Finance

Solana Crypto Casino: Why Speed Isn’t Just a Feature – It’s the Foundation

October 7, 2025
384
How workplace pensions have changed in the UK
Finance

How workplace pensions have changed in the UK

October 1, 2025
572
Computer monitor, calculator, keyboard, mouse, smartphone, and wireless earbuds on a pink surface, creating a modern and tech-focused scene.
Finance

Surprising Tools That Can Help You Manage Your Money

September 29, 2025
477
Close-up of a smartphone screen showing stock data with a dark background. Companies listed include Boeing and Disney. Graph lines suggest market trends.
Finance

Best Online Forex Brokers for High Leverage and Risk Management

September 26, 2025
435
Next Post
How to Save Money When Returning Your Car to the Lease Company

How to Save Money When Returning Your Car to the Lease Company

RECOMMENDED NEWS

Kickstart Your AI Journey: The Benefits of Artificial Intelligence Foundation Training

Kickstart Your AI Journey: The Benefits of Artificial Intelligence Foundation Training

7 months ago
459
Understanding the Security Benefits of Blockchain for Online Casinos

London Blockchain Conference Offers Simultaneous Stages for Business Leaders, Developers

2 years ago
338
Knockout11

How Octal IT Solution Delivered Outstanding Results in Sports Mobile App Development for Knockout11

1 year ago
105
Robot Artificial Intelligence

How AI and Mathematical Modeling are Revolutionizing E-commerce

12 months ago
505

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

AI banking Beauty business Christmas construction cyber security data digital Digital Marketing Services ecommerce ETA-IL Scheme finance fitness Forex health HGV Driver Careers inflation insurance kitchen Kitchen Remodelling KYND lifestyle manchester music News overseas Personal Injury Pharmaceutical Industry Powerful Manufacturing Product Development Professional Drivers property Real Estate recruitment Skincare sports technology tourism travel UGC Creator UK vehicles yorkshire YouTube to MP3 Converter

Latest news

Person writes on paper at a wooden desk with a laptop, a book on marketing, a potted plant, headphones, and stationery, conveying a focused work setting.

The Most Effective Visual Tools for Event Marketing

October 9, 2025
Two vibrant doors on a brick townhouse; left door is peach, numbered 17, and right door is bright pink in London, United Kingdom. The scene is sunny and inviting.

From Classic to Contemporary: A Guide to Your Home’s Door Options

October 9, 2025

How to Choose a High-Quality Shower Enclosure Without Overspending

October 9, 2025
Is Britain Ready for a Digital Pound? The Cybersecurity Battle You Haven’t Heard About

Is Britain Ready for a Digital Pound? The Cybersecurity Battle You Haven’t Heard About

October 8, 2025
Smartphone displaying stock graphs is on a desk with a keyboard and mouse in front of a computer monitor. The setting feels modern and tech-focused.

FTX Unwind Continues: $1.6B Payout Signals Progress Amid Market Uncertainty

October 8, 2025
chain

Gold vs Diamond Chain: Which One Should You Actually Buy?

October 8, 2025
Kiln Dried

Stay Warm This Winter: Why Kiln Dried Logs Are the Best Choice for UK Homes

October 8, 2025
Coping

Coping with Relapse: Why Setbacks Can Become Comebacks

October 8, 2025
Personal Transformation

From Surviving to Thriving: How Recovery Unlocks Personal Transformation

October 8, 2025
Meditation

The Role of Mindfulness and Meditation in Long-Term Sobriety

October 8, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

Person writes on paper at a wooden desk with a laptop, a book on marketing, a potted plant, headphones, and stationery, conveying a focused work setting.

The Most Effective Visual Tools for Event Marketing

October 9, 2025
Two vibrant doors on a brick townhouse; left door is peach, numbered 17, and right door is bright pink in London, United Kingdom. The scene is sunny and inviting.

From Classic to Contemporary: A Guide to Your Home’s Door Options

October 9, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact