Pensions are a very simple idea, although they may sometimes seem complicated and it’s easy to be put off by the jargon that surrounds them.

There are many different types of pension schemes but the aim of each – saving now to provide an income at retirement – is the same.

The Government will provide you with a minimum income when you retire, but that is designed to cover only very basic living costs. If you want to have a more comfortable retirement, you need to provide an income for yourself. A pension scheme is specially designed for this purpose.

The following help sheet will give you an introduction to how pensions work and some useful contacts for expert advice.