The Pensions Guide


Pensions Knowledgebase and Glossary

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Tax Relief The government encourages you to save for your retirement by giving you ‘tax relief’ on pension contributions. Tax relief reduces your tax bill or increases your pension fund.
Tax credits Tax credits are dealt with by HM Revenue & Customs.
Television licence The Government will pay for your television licence if you are aged 75 or over.
Travelling abroad Your benefits may be affected if you travel abroad for long periods of time. Check the details of your benefit or benefits before you travel.
Trust deed This is a legal document used to: set up a trust; change a trust; or control a trust.
Types of Pensions There are three key types of pension scheme: a State Pension, a personal pension and a company (occupational) pension.

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