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Your retirement journey

Where are you on your retirement journey? However far away it might seem, we’ve got the tools and support to help you plan for the longest holiday of your life.

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.

Plan your longest holiday ever

Whether retirement is just around the corner, or several years away, a bit of planning can boost the chances of you enjoying a comfortable lifestyle when you stop work. Or put another way, ensuring that retirement is the longest holiday of your life.

Your retirement

We’re often too busy living life today to worry about tomorrow. But it’ll only take a minute to explain why it’s never too early to think about your longest holiday ever – your retirement. We’ll start by being frank.

If you’re thinking of relying on the State Pension alone, current numbers show this isn’t going to be enough to be able to thrive in retirement. Though no one knows what the future holds, the good news is there are lots of ways to make a difference right now. Like putting a bit more into a pension. And enjoying the boost that tax relief on your contributions can bring. You won’t be able to touch your pension until you’re at least 55, or possibly older. But the Government could be topping your contributions up as you save. Combine this with contributions from your employer, and you could end up with a lot more in the long run.

Don’t have an employer? Don’t worry. Personal pensions also benefit from tax relief. Alternatively, you could look into an Investment ISA. Unlike pensions, there’s no boost from tax relief or employer contributions on the money you put into an ISA, but you can access your savings if you need them. And the sooner you start to invest in an ISA, the longer your money has a chance to grow, tax-free.

It’s important to remember that the value of your pension fund or Investment ISA could fall as well as rise over time. You could get back less than you invest.

Retirement planning is dynamic. You may have to adjust your plans to suit your changing needs. Also remember that tax rules may change in future and their effects on you will depend on your individual circumstances, which can also change. So, if you’re not sure what’s right for you, it’s a good idea to talk to a financial advisor.

We think retirement should be the longest holiday of your life. Which is why it’s important to start planning. Today. It could mean the difference between just getting by or enjoying the holiday of your dreams.

You’ll have different things to think about depending on what stage you’re at. In your twenties and thirties, for example, you might only just be starting to think about pensions and saving for the future. A couple of decades on, and you may be wondering about the different ways you can access your pension.

Whatever stage you’re at on your retirement journey, we’re here to provide you with information you might need to help you achieve your goals.

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

Where are you on your retirement journey?

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I'm starting to think about pensions

Just started to think about pensions and not sure where to start? From how different types of pension work to top tax tips, we’ve got everything you need to know about planning for your future.

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I’m approaching retirement

If you’re planning on hanging up your boots soon, it’s worth understanding what your options are when it comes to accessing your retirement savings. Check out our articles to help you decide which might suit you best, and how your choices could affect your tax bills.

It’s important to remember that the value of your pension fund could fall as well as rise over time. You could get back less than you invest. Retirement planning is dynamic - you may have to adjust your plans to suit your changing needs. If you’re not sure about investing, seek independent advice. Tax rules may also change in future. Their effects on you will depend on your individual circumstances.

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.

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.

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Need some help?

Call us

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