What Is a Pension and How Does It Work? A Plain-English UK Guide
What a pension is and how it works: the tax relief, the three main types, when you can access it and how much to save — a plain-English guide to UK pensions and retirement.
Plain-English guides and free interactive tools for mortgages, buying a home, pensions, tax and more.
An instant estimate from your postcode, plus the actual prices that sold on your street. Built on official Land Registry data.
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Mortgages & buying
Pensions & savings
You’d put in £25,000 and earn £5,941 in interest.
Assumes interest compounds monthly at a fixed rate. Real returns vary, and a tax-free ISA can help you keep more of the growth.
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What a pension is and how it works: the tax relief, the three main types, when you can access it and how much to save — a plain-English guide to UK pensions and retirement.
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A plain-English guide to the Bank of England base rate: what it is, who sets it, how it moves your mortgage, savings and borrowing, and what a change means for a typical household.
About 230,000 — roughly 13,900 hours of work. We worked out how long it really takes a typical UK worker to save a house deposit, measured in Smiths songs and working hours.