A pension is a long-term investment. Its value can go down as well as up and could be worth less than was paid in. Laws and tax rules may change in the future. Your own circumstances and where you live in the UK will also have an impact on tax treatment.

Combining pensions will not be right for everyone. You will need to consider if it's right for you.

Why start a pension?

A pension plan is a great way to save for a better retirement. The money you pay into your plan may get a boost from tax relief, plus it’s invested so has the potential to grow over time. If you want to learn more about pensions, read our handy guides.