Seven little-known facts to help build a bigger pension
These seven things could help you build a better retirement
Your pension is the key to retiring when you want to, and having the income you need in retirement. To help you make the most of your money, we've gathered seven key facts about pensions many people don't know. In this guide you'll learn:
- The five year rule which could let you claim extra tax relief
- How even non-earners could get a £720 boost from the government
- How you could pass pension wealth to your loved ones free from inheritance tax
We wrote this guide to give you useful information about pensions, but it's not personal advice. If you choose to invest, just remember that investments can go down as well as up in value, so you could get back less than you put in. You can’t normally access money in a pension until age 55 (57 from 2028). Pension and tax rules can change though, and their benefits depend on your circumstances.