Pension Information
Understanding Your Pension
What is a Pension?
A pension is a retirement plan that provides a monthly income after you retire. It's typically funded by contributions from both you and your employer during your working years.
Key Information
Types of Pensions
- Defined Benefit: Guaranteed monthly payment based on salary and years of service
- Defined Contribution: Based on contributions and investment performance
- State Pension: Government-provided pension for eligible citizens
Important Considerations
- Start planning early for better retirement outcomes
- Understand your employer's pension scheme
- Consider additional private pension plans
- Review your pension regularly
About Our Calculators
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