UK PENSIONS
UK PENSIONS
Welcome to the UK Pensions section of our website, where we demystify the world of pension planning and empower you to make informed decisions about your financial future. Whether you're just starting your career, approaching retirement, or already enjoying your golden years, understanding your pension options is crucial for securing a comfortable and fulfilling retirement.
In the United Kingdom, pensions are a cornerstone of retirement planning, providing individuals with a source of income to support their lifestyle after they stop working. There are several types of pensions available, each with its own features and benefits.
Have You Transferred Your UK Pension?
If you’ve moved your UK pension abroad—particularly into a QROPS—it’s wise to consider whether that decision still serves your best interests. The pension landscape has changed dramatically in recent years, with new solutions offering greater flexibility, reduced charges, and more efficient structures than many older schemes.
When did you transfer?
If it was more than a few years ago, your pension could be stuck in an outdated structure—potentially costing more and performing less.
Are you happy with the performance?
If your returns haven’t met expectations, or you feel unsure about your current setup, now may be the right time to reassess.
Still confident in your advisor?
Advisory relationships matter. If communication has dried up or your circumstances have changed, fresh guidance might make all the difference.
What about your fees?
Hidden or excessive charges erode long-term growth. Many clients are surprised at how much they’re paying—and how much better value is available now.
If any of these questions give you pause, we recommend a free UK pension health check with Horizon. We’ll review your current arrangements and offer straightforward, independent guidance tailored to your financial goals.
Even small UK pension pots can benefit from expert attention. Don’t leave your retirement plans to chance—let’s make sure they’re working for you.
Understanding UK Pensions
UK pensions are a vital part of retirement planning, offering long-term financial security for life after work. Whether you’re just starting out, approaching retirement, or living overseas, understanding your pension options is essential to making informed decisions.
The State Pension is provided by the UK government and based on your National Insurance record. While it offers limited flexibility, you can increase your entitlement by making up any missing contribution years. Workplace pensions, arranged through employers, may be based on your salary and length of service or linked to your contributions and investment performance. Personal pensions, meanwhile, are independently managed and allow you to tailor contributions and investments to suit your goals.
If you’re an expatriate, there may be opportunities to enhance, consolidate, or transfer your UK pension. Self-Invested Personal Pensions (SIPPs) provide greater control over where your money is invested. Qualifying Recognised Overseas Pension Schemes (QROPS) allow for international pension transfers with potential tax benefits, while Qualifying Non-UK Pension Schemes (QNUPS) offer a way to make additional contributions beyond UK limits.
At Horizon, we help clients navigate the complexities of UK pensions with clarity and confidence. Whether you’re reviewing an old scheme or planning for retirement abroad, we offer personalised support to ensure your pension works for you—now and in the future.