UK pensions fall into three main types: the State Pension (£221.20 per week in 2026/27 for a full new State Pension), workplace pensions with mandatory employer contributions under auto-enrolment, and private pensions including SIPPs. Tax relief is available on contributions at your marginal rate up to the Annual Allowance of £60,000 (2026/27). Pensions cannot normally be accessed before age 57 (The Pensions Regulator, HMRC, 2026). |
UK pensions complete guide: state, workplace, SIPP and drawdownThe UK pension system has four parts: State Pension, workplace DC and DB schemes, personal pensions and SIPPs, and the Lifetime ISA. This guide covers auto-enrolment, tax relief, the Annual Allowance and MPAA, and what happens on death or divorce. 
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