Saving for retirement

Have you ever thought that you’ve reached major milestones in life without even blinking? Time moves fast and planning is often left behind. But, where retirement is concerned, planning, saving and investing become hugely important. The better prepared you are, the more choices you’ll have when the time comes. At Saga Investment Services, we’re here to help you.

Read our guide to saving for retirement to find out more

Why it’s important to review your pensions

In this video you will find out why you should review your pensions and how you can do so. We'll tell you about the benefits of bringing your pensions together in one place (something known as consolidating), and also the things you need to consider before transferring a pension.

The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested. This video does not constitute personal advice. If you are in doubt as to the suitability of an investment please contact one of our advisers. Prevailing tax rates and reliefs are dependent on your individual circumstances and are subject to change.

Before you consider transferring a pension, it is important to ask yourself: Will I lose any valuable benefits or features from my existing pension plan? Will I incur any penalties on my existing pension if I transfer? Is it an occupational final salary pension scheme? (in which case it is very unlikely to be advisable to transfer) Have I considered the charges on my current plan? (a new arrangement may be more expensive - especially if you have a stakeholder pension). If you are near retirement or don't need the additional flexibility it may not be worth considering a transfer at all.

Making the most of your pension

A simple way to get your retirement savings on track

How can we help?

Our service has everything you need to make the most of your investments when saving for retirement. Get in touch to find out how we can help you.

Important information

*Before you consider transferring a pension, it is important to ask yourself: Will I lose any valuable benefits or features from my existing pension plan? Will I incur any penalties on my existing pension if I transfer? Is it an occupational final salary pension scheme? (in which case it is very unlikely to be advisable to transfer) Have I considered the charges on my current plan? (a new arrangement may be more expensive – especially if you have a stakeholder pension).