Barclays

Personal pensions

Personal pension plans are 'money purchase' arrangements, meaning that the money you contribute to the plan is invested to build up a fund.

A personal pension may be the best option for you if you:

• Are not eligible to join a company scheme
• Are self-employed
• Wish to top up your company scheme and save more towards your retirement.

The amount of income available from your personal pension fund when you retire depends on:

• The amount of money you've paid into it
• How well the investment funds perform over time, after charges are deducted
• The size of any pension commencement lump sum taken from your pension fund
• The annuity rate when you start drawing your pension or the rate applying to whichever arrangement you use to convert your pension fund into a regular income.

The key benefits of a personal pension plan

• It's flexible
  You can invest money into your personal pension in regular instalments or in lump sums. You may also be able to use it in conjunction with other pension schemes.
• It's portable
  If you want to consolidate your pension or take advantage of cost savings or investment opportunities offered by other providers, you can transfer your personal pension to another pension scheme.
• It gives you choice
  There's a wider investment choice than that available with stakeholder pension plans

As part of our retirement planning service, Barclays can assess whether personal pensions are right for you. If appropriate, we'll find the plan or plans that best suit your needs in the context of your overall investment strategy.

Find out more about personal pensions

To learn more about how Barclays could help you, please contact us and we'll be in touch as soon as possible.

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