Power of small amounts

Building a brighter future through the power of small amounts. Please use our tool to see how contributing an additional 1% to your pension can make a big difference on your retirement outcome.

09 April 2024

03 April 2025

Compound interest explained

Each time you reinvest your savings, your initial investment grows - and the more you do it, the bigger it gets. That’s why it pays to start saving early for retirement. Learn more about ‘the power of compounding’.

13 Jan 2023

02:08

31 Jul 2024

Annual allowance

You can put as much as you like into your pensions each year, but you only get tax relief on contributions up to £60,000 a year. This short video explains the annual allowance and what happens if you exceed it. Part of the Money Lab series. 

14 Feb 2024

02:42

30 Sept 2024

Salary Sacrifice

With salary sacrifice, your pension contribution is taken directly out of your gross salary and could reduce your tax and National Insurance payments. Find out if it’s right for you. Part of the Money Lab series.

14 Feb 2024

02:29

30 Sept 2024

Automatic Enrolment (contributory)

All employees are now automatically enrolled in their company pension scheme but can opt out if they choose to. Yours is a contributory pension so you, your employer and the Government all pay in to boost your savings. Here’s how it works. Part of the Money Lab series.

14 Feb 2024

02:24

30 Sept 2024

Automatic Enrolment (non-contributory)

All employees are now automatically enrolled in their company pension scheme but can opt out if they choose to. With a non-contributory pension, your employer contributes in full so you don’t have to. Here’s how it works. Part of the Money Lab series.

14 Feb 2024

02:38

30 Sept 2024

Retirement Savings & Asset Classes

This quick video gives an overview of the different asset classes you can invest into – cash, bonds, commodities, property and equities. Find out more about the level of risk and the potential for growth of each. Part of the Money Lab series.

14 Feb 2024

02:28

30 Sept 2024

Default v Self-select

With any pension plan, you can either keep your money in the ‘default’ option (the funds that are selected for you) or choose your own funds to invest in. Find out more about your options. Part of the Money Lab series.

14 Feb 2024

03:07

30 Sept 2024

 Asset Classes   

Asset classes describe the different types of thing you can invest your money in, whether that's commodities, property, bonds or something else. Learn the basic pros and cons of the five main classes. Part of the Money Lab series.

08 Mar 2024

03:01

30 Sept 2024

Tapered Annual Allowance (TAA) Explained

Most people get tax relief on the first £60,000 of their pension contributions each year, but in some cases this amount is lower. This short video explains if the tapered annual allowance applies to you. Part of the Money Lab series.

08 Mar 2024

03:25

30 Sept 2024

           Money Purchase Annual Allowance (MPAA) Explained

If you take more than your 25% tax-free amount from your pension while you’re still working, it could reduce your annual allowance and make future contributions less tax-efficient. Find out more about the MPAA. Part of the Money Lab series.

08 Mar 2024

02:24

30 Sept 2024

MyPlan interactive

Answer five simple questions to see if your savings are on track to meet your retirement goals.

13 Jan 2023

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How much should you save for retirement?

Check that you’re saving enough to maintain your lifestyle when you retire. Read our four top tips and use this simple tool to see how much you should save each year.

13 Jan 2023

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