Managing your pension

Does your workplace pension offer you the best value?

Auto-enrolment means millions more workers now have pensions – but are they any good? We look at what you can do to improve your options

Pensions made simple with PensionBee

  • Combine your old and lost pension pots into one online plan
  • Take complete control and have 24/7 access to your pension balance
  • Your own dedicated BeeKeeper (account manager)
  • Make withdrawals online from the age of 55

Workers could lose valuable employer contributions if they scale back their own workplace pension payments

Monday, 08 April 2019 | News

A legal loophole could allow unscrupulous employers to stop contributing to struggling workers' pensions if they choose to lower pension payments.

Will I pay tax on withdrawing my pension?

Wednesday, 03 April 2019 | Question and Answer

Small pension pots like yours can be withdrawn very tax efficiently. However, you need to take account of all the taxable income you receive in the same tax year.

Two common pitfalls of taking money from your pension fund

Friday, 29 March 2019 | Blog | By Ray Black

Pension freedoms now enable you to access the money you’ve saved in a pension from age 55 and you don’t have to use the money to buy an annuity.

Retirees could save thousands of pounds of pension tax by waiting until the new tax year

Thursday, 28 March 2019 | News

Deferring a drawdown payment by a few weeks could knock thousands of pounds off pensioners’ tax bills. 

How to spot a pension scam

Tuesday, 19 March 2019 | TV /Video

Doctors to sue government for age discrimination over pension changes

Wednesday, 13 March 2019 | News

Doctors are suing the government for changes made to their pension scheme that will make them worse off in retirement.

Should I combine my two pensions?

Wednesday, 06 March 2019 | Question and Answer

While amalgamating pensions can be a good idea in terms of saving on fees and reducing complexity, you need to carefully consider it and take advice if necessary.

New job, old pension? It’s time to review the situation

Wednesday, 06 March 2019 | Article

Evaluating your pension may be the last thing on your mind when changing jobs. But new schemes can offer both opportunities and drawbacks. Here are the key questions to ask yourself and your new employer.

Should I rebalance my pension funds?

Wednesday, 27 February 2019 | Article

As some funds have performed better than others, one reader asks whether it’s time to shake things up

Can we get more for an unclaimed pension?

Wednesday, 27 February 2019 | Question and Answer

This is likely to be a matter of the pension contract which is in place. As a matter of course, Abbey Life should pay the death benefits based on the pension value at the date of death.