There are three main types of pension provision:
- State pension - when you are working your National Insurance contributions are counted towards your future State Pension entitlement;
- Occupational pension - depending on where you work, different occupational pension options are also available to help you save for your retirement, e.g. NHS Pension;
- Private pension - from a bank or other financial provider.
This information cannot be used as advice on any course of action to take, or not to take. We recommend that you take independent financial advice on your retirement planning needs and arrangements. This may include using the services of Lighthouse Financial Advice through RCN Xtra.