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Other ways to boost your retirement income
Whilst nothing is as tax-efficient as a pension, they aren't the only ways to save for your retirement. Savings and investment plans - such as ISAs and fixed rate bonds - can help you build up your retirement fund when you're working and generate an income once you've retired.
About saving and investing for retirement
With our broad range of savings and investment plans, you can create a retirement planning strategy that suits you.
Savings
When you're close to retirement, or you want a low risk option, savings accounts can help to boost your pension pot or retirement income. And with an ISA, the growth or income will be tax efficient as well.
Fixed term investments
With returns linked to the performance of stock markets, indices and individual companies, fixed term investments can offer you potentially higher rewards. Some also provide full or partial return of your original investment, provided you don't withdraw your cash early.
Open ended investments
Open ended investments let you keep your money invested for as long as you like. You can cash them in whenever you want, without any penalties.
Child Trust Funds
With a handy boost from the government, these tax efficient plans are a great way to get your children or grandchildren into the savings habit.