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Pensions For Beginners: The Complete Guide

Serena Cowdy

By

Serena Cowdy

From the Fool blog

Will We Shop... Or Will Westfield Flop?

Published in Retirement and Pensions on 29 January 2008

If the prospect of saving for a pension terrifies you, take a look at our three-part pensions guide for beginners.

If the prospect of saving for a pension terrifies you, take a look at my three-part pensions guide for beginners:

1. Pensions For Beginners: All You Need To Know

In this article I explain what a pension is and look at the tax breaks which you can benefit from. I also examine some of the alternatives to pensions.

2. Pensions For Beginners: Part Two

Here I write about the different types of pension including the state pension, 'salary-related pensions' and the S2P. Don't worry, if those terms mean nothing to you, all should become clear.....

3. Pensions For Beginners: Part Three

I look at the different types of 'money-purchase' pensions including stakeholder pensions and SIPPs.

Hopefully these three articles will make pensions seem less scary. If you want to find out more, read Neil Faulkner's Four-Step Guide To A Comfortable Retirement.

If you have any queries, feel free to ask for help from kind Fools on our Pensions - Practical Problems discussion board.

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Comments

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moneymakes 13 Mar 2008, 9:14pm

Hi

I've recently received a letter from my pension provider saying that it's worth considering opting back in - as I opted out of SERPS in the 80s. Sorry, I realise I'm not being very specific, but does anyone have any advice on whether it's worth opting back in from a private pension (worth very little I should add!!).

Thanks very much!

mkoriba 28 Mar 2008, 10:54am

I just wanted to thank you for the clarity on the various articles on Pensions. They have helped me a lot.
My apologies if I have inadvertently posted "blank" feedback

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