Information on different types of pensions, getting financial advice and making a complaint.

What is a pension?

A pension (sometimes called a pension scheme) is a long term savings plan to help you build up a pension fund for when you retire. Many pensions have better tax incentives compared to other types of savings. These incentives are to encourage you to start saving into a pension as early as possible for your retirement.

There are many different types of pensions, some are run by your employer called occupational pensions, others can be set up by you which are called private pensions or, if you are working in the public service you will have a public service pension. These types of pensions in addition to the State Pension, are intended to provide you with an income when you retire.

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