Getting started

If you’re just getting started with retirement planning, we’re here to help. We’ve got information that you might need to get to grips with pensions, so you can begin working towards your retirement goals.

A good place to start retirement planning is to think about how you want your life to be when you stop work.

Chances are, you’ll want to be able to afford all the things you think would make your retirement enjoyable – whether that’s trips abroad, eating out, or simply being financially secure.

To meet your retirement goals, whatever they may be, you’ll need to start preparing now. Because the longer you pay into your pension, the greater chance it has to grow.

Learn why with just a bit of planning today, you can boost your chances of enjoying a comfortable lifestyle tomorrow.

Time is on your side

The more time passes, the better some things get.

Like a classic track or a cherished collection.

The same goes for your pension.

Because the longer you pay into it,

the greater the potential it has to grow,

and the more benefit you'll receive from the government's generous tax breaks,

and the more you'll get from your employer's contributions,

if you're in a workplace pension.

Even paying in small amounts can make a huge difference,

if you start early enough,

mainly thanks to the power of compounding.

This simply means earning returns on your returns, 

and it gives you the potential to really accelerate the growth of your pension pot.

Retirement may seem a long way off.

But planning your pension now could have a big effect on the life you live then.

Whether it's travelling, pursuing a passion,

or just indulging in the finer things,

the benefit of time could make it, well, that bit better.

So why not take a moment to review your pension arrangements,

and get planning for the future you really want?

Remember, the value of investments held in pension ,

arrangements can fall as well as rise,

and you could get back less than you invest.

Also, tax rules may change in future and their effects,

on you will depend on your individual circumstances.

If you're unsure, please seek independent financial advice.

Here, you’ll find information which may help you get started, including how tax relief can boost your contributions, and how different types of pension work. Plus, the sort of considerations you might need to take into account when deciding whether to start a pension and how much to commit to one.

Please remember we don’t offer personal advice on investments, tax or pensions, so if you’re unsure how to proceed, seek professional financial advice.

The value of investments can fall as well as rise and you could get back less than you invest. If you’re not sure about investing, seek independent advice. Tax rules can change in future. Their effects on you will depend on your individual circumstances.

Why auto-enrolment is only the start for pension saving

We explore how pension auto-enrolment schemes work, but explain why you shouldn’t rely on them alone to offer you your dream retirement.

Pension planning for the self-employed

It can be harder to think about saving for retirement if you’re self-employed and don’t have access to a company pension scheme, but pensions shouldn't be ignored and offer valuable tax benefits. We look at the importance of saving for the future, and explain the different pension options which are available to those who work for themselves.

Your first pension – getting started

What you need to know if you are starting to save towards retirement.

Understanding defined benefit pension schemes

Some company pension schemes, known as Defined Benefit, or final salary, pay a guaranteed income at retirement. Here, we explain how they work.

Why you're never too young to save for retirement

Retirement might seem a long way off. And if that’s the case, then great, because you’re in the best position to start planning for what should be the longest holiday of your life.

Types of pension

Pensions can seem complex and daunting, especially if you’re new to them. But there are lots of options available to suit individual needs and circumstances. We take a look at the main types of pension and explain how they work.

What is a SIPP?

If you’re looking for greater control over how your retirement savings are invested, and you have investment expertise and the necessary time then a self-invested personal pension (SIPP) could be worth considering.

Ready to start your journey with a Barclays SIPP?

If you have a Barclays SIPP, you can manage payments into your SIPP, withdrawals or transfers of existing pensions via the manage button on your account. Any other documents for your Barclays SIPP can be accessed here. This includes your SIPP terms, the Key Features Document and the Benefits Guide which set out how your SIPP operates.

Need some help?

Call us

If you have any questions, you can give us a call on 0800 279 36671

Find out more about SIPP

The value of investments can fall as well as rise. You may get back less than you invest. Tax rules can change and their effects on you will depend on your individual circumstances.

Investment ISAs

Self-Invested Personal Pension (SIPP)

A self-invested personal pension (SIPP) is a type of tax-efficient personal pension that usually offers you access to a wider choice of investments than other types of pension.