Home Pensions & retirement Saving for retirement

Saving for retirement

Whether you’re in your 20s or your 50s, there’s a great deal you can do to create a retirement plan that suits you.

Your pension savings profile will vary depending on your age, when you want to retire and the type of retirement you want to enjoy. We can help you understand how much you’ll need, whether you’re on track for it and what income options are available.

Saving in your 20s and 30s

Time is on your side. But for every 10 years you wait, you may have to pay in double to get the same amount when you retire.

Saving in your 40s

By the time you retire, the state pension age may be higher and the pension amount lower than today.

Saving in your 50s

You may have big decisions to make about your pension. And you may have retirement savings in numerous places.

If you’re self-employed you can find out more details on saving for your future on our pensions for the self-employed page.

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Open a SIPP

Easy to manage and tax-efficient, our self-invested personal pension plan gives you access to investment guidance, market insights and tools to help you plan your retirement.

Explore our SIPP

Unlocking women's financial power

Working with Fidelity, women can realise their financial strength.

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Bring your pensions together and take control of your future

Plus get £20 to £1,000 cashback. Exclusions, T&Cs apply.

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The value of investments can go down as well as up so you may not get back what you invest. Eligibility to invest in a SIPP or Junior SIPP depends on personal circumstances and all tax rules may change in the future. You cannot normally access money in a SIPP until age 55.