Take 5 minutes to check your pension confidence. On paper, mark what applies to you. One point for each one:

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🔹 1. Pension Basics

•  I know what type(s) of pension I have (e.g. workplace, personal, state).

•  I know how much is currently in each of my pension pots.

•  I know when I can access my pension(s).

 

🔹 2. Contributions & Growth

•  I know how much I (and my employer) contribute each month.

•  I’ve reviewed my pension’s investment performance in the last 12 months.

•  I understand how tax relief boosts my pension savings.

 

🔹 3. Retirement Planning

•  I have a rough idea of how much income I’ll need in retirement.

•  I’ve used a pension calculator to estimate my retirement income.

•  I know my State Pension forecast and when I’ll receive it.

 

🔹 4. Access & Options

•  I understand my options for taking money from my pension (e.g. lump sum, drawdown, annuity).

•  I know the tax implications of withdrawing from my pension.

•  I’ve considered how to make my pension last through retirement.

 

🔹 5. Support & Guidance

•  I’ve spoken to a pension provider or guidance service in the last year.

•  I know when I legally need regulated financial advice.

•  I know where to go for free, impartial guidance (e.g. Pension Wise, MoneyHelper).

 

✅ Your Results:

• 12–15 points: You're in great shape! Just keep reviewing regularly.

• 7–11 points: You’re on the right track—consider booking a session to fill in the gaps.

• 0–6 points: You could benefit from a pension review. Book a free 10-min session to get started.