Personal Pensions - Person checking pension

Personal Pensions

We can help you
take control of your future


Many people invest in a personal pension with the aim to build up a pot of money that will be used in retirement. A personal pension is one of the most tax efficient ways to invest for your future as HM Revenue & Customs (HMRC) provides tax relief on the payment you make to your pension.

For your personal pension to grow, the funds are often invested in stocks and shares but not all pension funds have the same growth performance, management fees or benefits.


Personal Pensions - Person checking pension

How personal pensions work

Personal Pensions are typically defined contribution schemes and are individual contracts between you and the pension provider. They can either be set-up by you or often set-up by your employer through a workplace pension scheme.

To give financial security in retirement, people will invest funds (called contributions) regularly into a pension for it to grow and in the case of a workplace pension, the employer could match those investments. For further growth, the pension provider will invest those funds often in stocks, shares or alternative investments depending on the risk profile of the pension fund.

Why use Pension Works?

If your pension funds are valued over £30,000, we recommend that you take professional advice to ensure you’re making the right decisions for your financial future.

Our job as pension specialists mean we will assess all your current pensions and deliver a comprehensive report that will outline all your options. The report will also explain how your current pensions are performing and whether there are better products for you on the market.

If our advice includes moving your current pension to a more suitable provider, we can handle this for you, making it as smooth and straightforward as possible. Delivering a high-quality service, without the high price.

We’re completely independent and authorised and regulated by the FCA – so you can be sure that any advice given will always be in your best interests.


Person assessing their personal pension

Why you should check
your personal pension

There are many reasons as to why you should check your personal pension.

Lower fees and charges – there can be large variances between pension policies and the charges they incur. Although the difference in decreasing your pension charges from 2% to 0.5% may seem small, it could deliver a huge increase to the value of your pension. The vast impact this could make, is demonstrated by our pension calculator.

Reduced risk – balancing risk and reward can be complicated. Whilst your pension could be growing quickly, it may also be in a high risk policy, meaning you could suffer from significant volatility and potential losses.

More flexibility – many older pensions lack the flexibility that people can enjoy with a newer style pension, that have been introduced since Pension Freedoms in 2015.

Easier to keep track – moving multiple pensions into a more manageable pension fund could make it easier to keep track of your finances.


Peace of mind

We work with all major UK pension providers allowing us to find the pension that helps you meet your retirement goals, and ensures your retirement is in experienced hands.

Pension Fees Calculator

Our free pension HealthCheck will carefully assess whether your private pension is being consumed by excessive fees or hidden charges, which could be preventing you from retiring with extra funds.

Simply provide your pension pot size and age below, to calculate how much we could help your pension grow:

The higher the charges, the longer it may take you to retire and the less you could be retiring with.