• Basic pension system
• When can I retire?
• State pension
• Company pension
• Private pension
• Self invested personal pension
• Planning a retirement
• State second pension
• Pension in case of divorce
• Stakeholder pension

It is becoming more common for employers to offer company pension options in order to have another attractive aspect for employees join the firm and because of the possible tax advantages such a fund may have.

Many of the companies and firms in the United Kingdom offer such services for their employees. We can classify the pension schemes offered in two basic types, a final salary plan and a money purchase scheme. In final salary plan, the amount of money received by the employee as a pension after retirement is determined by his or her final salary before retiring.

However the final pension is a subject of many tax regulations we can say that it is usually higher than a regular state pension. The other type of company pension available is a money purchase plan, which differs in the way of determining the pension. The contributions by the employee are paid into a fund, which grows bigger and bigger until he or she retires. Opposed to the final salary scheme, there is no fixed amount of pension, but it is determined according to the size of the fund.

Nowdays this kind of pension option is becoming more and more preferred by the employers in the UK.