• Shopping Guides
    • Choose a supermarket
      • Aldi
      • ASDA
      • The Co-op
      • Iceland
      • Lidl
      • Marks & Spencer
      • Morrisons
      • Sainsbury’s
      • Tesco
      • Waitrose
    • Compare Supermarket Prices
      • Aldi
      • Asda
      • Boots
      • Iceland
      • Lidl
      • Morrisons
      • Ocado
      • Sainsburys
      • Tesco
      • Poundstretcher
      • Superdrug
      • Waitrose
    • Find a supermarket
    • Food Guides
      • Fairtrade
      • Basmati Rice
      • Food Labelling
      • Food Prices
      • Organic Food
      • Recycling
      • Supermarket Shopping Tips
      • Supermarket Own Brands
    • Organic shop
  • Travel Guides
  • Utilities
    • Broadband
    • Boilers
      • Boiler Insurance
      • Boiler Maintenance Cover
      • Boiler Servicing
      • Finding the Cheapest Boiler Service Quote
      • Oil Boilers
      • Boiler Types – which boiler is right for me?
    • Energy
    • Energy Suppliers
    • Switch and Save
  • Voucher Codes
    • Offers
    • Exclusive voucher codes
  • Finance
    • What are savings bonds?
      • Fixed Rate Bonds
    • Banking and saving
      • Bank Accounts
      • Current Accounts
      • Savings Accounts
      • Student Accounts
    • Investments
      • Investment Bonds
      • Premium Bonds
      • Annuities
    • Credit rating
      • What is a Credit Rating?
      • Improving My Credit Rating
    • Credit Cards
      • Repay Credit Cards or Save?
      • Transferring Credit Cards
      • 0% Interest Credit Cards
      • Balance Transfer Credit Cards
      • FAQ for Credit Cards
    • Loans
      • Personal loans guide
      • Types of Personal Loans
      • Do I Need a Loan?
      • Payday Loans
      • Car Loans
      • Compare Loans
    • Debt Problems
    • Mortgages
      • Right to Buy Mortgages
      • Self Build Mortgages
      • International Mortgages
      • Missold mortgages
    • Pensions
      • Starting a Pension
      • State Pensions
      • Pension Transfers
      • SIPP Pensions
      • Opting Out of a State Pension
      • Missold Pensions
    • Banking Claims
      • Payment Protection Insurance
      • Packaged Bank Accounts
      • Missold Mortgages
      • Missold Pensions
    • Reclaiming Bank Charges
  • Family and Income
    • Increase Your Income
      • Increasing Your Income
      • Selling on eBay – Earn Extra Income
      • Surveys for Cash
    • Students and School
      • Student Loan Entitlements
      • Student Loans
      • Student Loan Calculator
      • Repaying Your Student Loans
      • University Tuition Fees List
      • Introduction of Higher University Fees in 2012-2013
    • Tax and Benefits
      • Tax Credits
      • Council Tax
      • Housing Benefit
    • Car and Petrol Guides
      • Breakdown Cover
      • Save Money on Car Expenses
    • Save Money on Fuel
      • Petrol Cost Calculator
      • Litres per 100KM to MPG Converter
      • Petrol Usage Calculator
      • MPG Calculator
      • Petrol Required for Travel Calculator
      • Fuel table
  • Insurance
    • Breakdown Cover
    • Car Insurance
    • Dental Insurance
    • Health Insurance
    • Home Insurance
      • Buildings Insurance
      • Contents Insurance
    • Income Insurance
    • Life Insurance
    • Mortgage Protection Insurance
    • Travel Insurance
  • News
  • Shop
    • Baby and child
    • Beer, Wine and Spirits
    • Drinks
    • Food Cupboard
    • Health and Beauty
    • Bird and Wildlife Care
    • Household Supplies
    • Nappy Changing
    • Pets
    • Snacks
Supermarket.co.uk
  • View Basket
Supermarket.co.uk
  • Shopping Guides
    • Choose a supermarket
      • Aldi
      • ASDA
      • The Co-op
      • Iceland
      • Lidl
      • Marks & Spencer
      • Morrisons
      • Sainsbury’s
      • Tesco
      • Waitrose
    • Compare Supermarket Prices
      • Aldi
      • Asda
      • Boots
      • Iceland
      • Lidl
      • Morrisons
      • Ocado
      • Sainsburys
      • Tesco
      • Poundstretcher
      • Superdrug
      • Waitrose
    • Find a supermarket
    • Food Guides
      • Fairtrade
      • Basmati Rice
      • Food Labelling
      • Food Prices
      • Organic Food
      • Recycling
      • Supermarket Shopping Tips
      • Supermarket Own Brands
    • Organic shop
  • Travel Guides
  • Utilities
    • Broadband
    • Boilers
      • Boiler Insurance
      • Boiler Maintenance Cover
      • Boiler Servicing
      • Finding the Cheapest Boiler Service Quote
      • Oil Boilers
      • Boiler Types – which boiler is right for me?
    • Energy
    • Energy Suppliers
    • Switch and Save
  • Voucher Codes
    • Offers
    • Exclusive voucher codes
  • Finance
    • What are savings bonds?
      • Fixed Rate Bonds
    • Banking and saving
      • Bank Accounts
      • Current Accounts
      • Savings Accounts
      • Student Accounts
    • Investments
      • Investment Bonds
      • Premium Bonds
      • Annuities
    • Credit rating
      • What is a Credit Rating?
      • Improving My Credit Rating
    • Credit Cards
      • Repay Credit Cards or Save?
      • Transferring Credit Cards
      • 0% Interest Credit Cards
      • Balance Transfer Credit Cards
      • FAQ for Credit Cards
    • Loans
      • Personal loans guide
      • Types of Personal Loans
      • Do I Need a Loan?
      • Payday Loans
      • Car Loans
      • Compare Loans
    • Debt Problems
    • Mortgages
      • Right to Buy Mortgages
      • Self Build Mortgages
      • International Mortgages
      • Missold mortgages
    • Pensions
      • Starting a Pension
      • State Pensions
      • Pension Transfers
      • SIPP Pensions
      • Opting Out of a State Pension
      • Missold Pensions
    • Banking Claims
      • Payment Protection Insurance
      • Packaged Bank Accounts
      • Missold Mortgages
      • Missold Pensions
    • Reclaiming Bank Charges
  • Family and Income
    • Increase Your Income
      • Increasing Your Income
      • Selling on eBay – Earn Extra Income
      • Surveys for Cash
    • Students and School
      • Student Loan Entitlements
      • Student Loans
      • Student Loan Calculator
      • Repaying Your Student Loans
      • University Tuition Fees List
      • Introduction of Higher University Fees in 2012-2013
    • Tax and Benefits
      • Tax Credits
      • Council Tax
      • Housing Benefit
    • Car and Petrol Guides
      • Breakdown Cover
      • Save Money on Car Expenses
    • Save Money on Fuel
      • Petrol Cost Calculator
      • Litres per 100KM to MPG Converter
      • Petrol Usage Calculator
      • MPG Calculator
      • Petrol Required for Travel Calculator
      • Fuel table
  • Insurance
    • Breakdown Cover
    • Car Insurance
    • Dental Insurance
    • Health Insurance
    • Home Insurance
      • Buildings Insurance
      • Contents Insurance
    • Income Insurance
    • Life Insurance
    • Mortgage Protection Insurance
    • Travel Insurance
  • News
  • Shop
    • Baby and child
    • Beer, Wine and Spirits
    • Drinks
    • Food Cupboard
    • Health and Beauty
    • Bird and Wildlife Care
    • Household Supplies
    • Nappy Changing
    • Pets
    • Snacks
Starting a Pension
Home
Finance
Pensions

Starting a Pension

Pensions

A pension is simply a way of saving money for your future retirement. As we live longer and the retirement years increase it is advisable to start saving early.

How do I start a pension?

There are two main ways of starting a pension, setting one up independently (personal pension) or getting one through your employer. You are not restricted in having one or the other, you can have both.

With so many options on the market, choosing a pension can seem daunting.

What about my circumstances?

You can set up a personal pension whether you are employed, self-employed or unemployed. How much you save depends on your individual circumstances.

As a guide it is suggested that you divide the your age by half and use that as a percentage of your earnings, so a 20 year old should be saving 10% and a 30 year old 15% and so on.

From 2012 there will be a automatic enrolment into a pension at work. People who are employed and earning more than £5,035 will be eligible on this scheme.

Facebook Twitter Google+ LinkedIn Pinterest

Related Posts

Pensions Pensions

Pensions

Opting Out of a State Pension Pensions

Opting Out of a State Pension

Pension Transfers Pensions

Pension Transfers

Supermarket News
  • Asda shopper shares trick to skipping long queues in store with mobile app - The Sun

    January 22, 2021
    Asda shopper shares trick to skipping long queues i ...

  • Christmas trading: how do all the supermarket performances measure up? - The Grocer

    January 22, 2021
    Christmas trading: how do all the supermarket perfo ...

  • Rules on paying with cash at Aldi, Lidl, Asda, Tesco and Sainsbury's - Stoke-on-Trent Live

    January 21, 2021
    Rules on paying with cash at Aldi, Lidl, Asda, Tesc ...

  • Covid rules on touching food in Aldi, Asda, Tesco, Lidl and other supermarkets - Hull Live

    January 20, 2021
    Covid rules on touching food in Aldi, Asda, Tesco, ...

  • Nottinghamshire supermarket jobs at Asda, Tesco, Co-op, Sainsbury's, Lidl, Aldi and Morrisons - Nottinghamshire Live

    January 20, 2021
    Nottinghamshire supermarket jobs at Asda, Tesco, Co ...

Supermarket Deals
Organic African Black Soap (454g block) – Raw Organic Soap Ideal for Acne, Eczema, Dry Skin, Psoriasis, Scar Removal, Face & Body Wash, Authentic Black Soap From Ghana with Cocoa, Shea Butter & Aloe
Organic African Black Soap (454g block) – Raw Organic Soap Ideal for Acne, Eczema, Dry Skin, Psoriasis, Scar Removal, Face & Body Wash, Authentic Black Soap From Ghana with Cocoa, Shea Butter & Aloe
£19.99 £9.95
Buy From Amazon
Multibuy 2x Hibiscrub® Cutaneous Solution – 500ml
Multibuy 2x Hibiscrub® Cutaneous Solution – 500ml
£12.64
Buy From Amazon
L’Oreal Men Expert Carbon Protect Deodorant 250ml
L’Oreal Men Expert Carbon Protect Deodorant 250ml
£1.50
Buy From Amazon
Aptamil Follow-On Milk 2, 6-12 Months 800 g, Pack Of 6
Aptamil Follow-On Milk 2, 6-12 Months 800 g, Pack Of 6
£65.82
Buy From Amazon
Liberex Bath Bombs Kit – Organic Natural Essential Oils, Relax and Moisturize Dry skin, Gift Set for Her, Mum, Women and Girls, 6 Scents x 100g
Liberex Bath Bombs Kit – Organic Natural Essential Oils, Relax and Moisturize Dry skin, Gift Set for Her, Mum, Women and Girls, 6 Scents x 100g
£19.99 £9.99
Buy From Amazon
Laphroaig Select Islay Single Malt Scotch Whisky, 70 cl
Laphroaig Select Islay Single Malt Scotch Whisky, 70 cl
£33.00 £23.00
Buy From Amazon
Dettol Antibacterial Bar Soap Sensitive, 100 g, Pack of 6
Dettol Antibacterial Bar Soap Sensitive, 100 g, Pack of 6
£6.29
Buy From Amazon
L’Oreal Paris Men Expert Shirt Protect 48H Anti-Perspirant Roll-On Deodorant 50ml
L’Oreal Paris Men Expert Shirt Protect 48H Anti-Perspirant Roll-On Deodorant 50ml
£2.60 £2.13
Buy From Amazon
GROOM PROFESSIONAL Baby Fresh Shampoo 1 Litre
GROOM PROFESSIONAL Baby Fresh Shampoo 1 Litre
£8.50
Buy From Amazon
ULTRA PURE Magnesium Flakes | 5KG Bath Flakes| Salt Spa Co | Soothes Aching Tired Muscles | Detoxifies, Heals & Promotes Deep Restful Sleep | De-Stress, Detoxify and Calm the Mind
ULTRA PURE Magnesium Flakes | 5KG Bath Flakes| Salt Spa Co | Soothes Aching Tired Muscles | Detoxifies, Heals & Promotes Deep Restful Sleep | De-Stress, Detoxify and Calm the Mind
£24.99 £14.99
Buy From Amazon
Bomb Cosmetics Let’s Flamingle Handmade Wrapped Gift Pack
Bomb Cosmetics Let’s Flamingle Handmade Wrapped Gift Pack
£9.93
Buy From Amazon
Below The Belt Grooming Fresh & Dry Balls – Fresh – 75ml 541896
Below The Belt Grooming Fresh & Dry Balls – Fresh – 75ml 541896
£7.94 £2.97
Buy From Amazon
Faith In Nature Tea Tree Invigorating Shower Gel & Foam Bath 400ml
Faith In Nature Tea Tree Invigorating Shower Gel & Foam Bath 400ml
£5.60 £4.34
Buy From Amazon
Jojoba Oil Cold Pressed by Eclat – Jojoba Oil 100% Pure with Zero Fillers or Additives for a Lighter and Smoother Natural Jojoba Oil
Jojoba Oil Cold Pressed by Eclat – Jojoba Oil 100% Pure with Zero Fillers or Additives for a Lighter and Smoother Natural Jojoba Oil
£5.48
Buy From Amazon
5 Pieces Reusable Waterproof EVA Plastic Lace Elastic Band Flower Printed Hat Environmental Protection Hair Bath Caps Shower Caps
5 Pieces Reusable Waterproof EVA Plastic Lace Elastic Band Flower Printed Hat Environmental Protection Hair Bath Caps Shower Caps
£5.99
Buy From Amazon
Lintbells | YuMOVE Dog | Essential Hip and Joint Supplement for Stiff Dogs Aged 7 to 8 | 60 Tablets
Lintbells | YuMOVE Dog | Essential Hip and Joint Supplement for Stiff Dogs Aged 7 to 8 | 60 Tablets
£17.95 £14.34
Buy From Amazon
Eco by Naty, Size Newborn, 100 Nappies, -4 5kg, ONE MONTH supply, Plant-Based premium ecological nappy with 0% oil plastic on skin
Eco by Naty, Size Newborn, 100 Nappies, -4 5kg, ONE MONTH supply, Plant-Based premium ecological nappy with 0% oil plastic on skin
£7.48 – £46.99
Buy From Amazon
Sportout 100% Natural Loofah Sponge, Exfoliating Bath Shower Scrub,Exfoliating Glove Luffa Pad,6 Pack
Sportout 100% Natural Loofah Sponge, Exfoliating Bath Shower Scrub,Exfoliating Glove Luffa Pad,6 Pack
£8.97
Buy From Amazon
LUCKY SAINT – Alcohol Free Beer – Superior Unfiltered 0.5% ABV Beer – Natural Ingredients, Low Calories, Vegan Beer – 12 x 330ml Bottles
LUCKY SAINT – Alcohol Free Beer – Superior Unfiltered 0.5% ABV Beer – Natural Ingredients, Low Calories, Vegan Beer – 12 x 330ml Bottles
£25.00
Buy From Amazon
Nikka From the Barrel, 50 cl
Nikka From the Barrel, 50 cl
£36.62
Buy From Amazon
Advertisment
  • Click here - to select or create a menu
  • Compare Prices
  • Aldi
  • ASDA
  • Iceland
  • Lidl
  • Morrisons
  • Netto
  • Sainsbury’s
  • Somerfield
  • Tesco
  • Waitrose
  • Voucher Codes
  • Save on your gas bills
  • Save on your electricity bills
  • Save on your broadband
  • Supermarket news
  • Register
  • Log in
  • Visit the forum
  • Jobs
Follow us on facebook Follow us on twitter
  • About
  • Disclaimer
  • Our Ethics
  • Privacy Policy
  • Terms and Conditions
  • Cookie Policy
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy