In this month’s episode of 'The penny drops', our host Andrea Fox speaks to Sarah Pennells, money expert, author and creator of the UK's leading women’s money website SavvyWoman. Covering everything from contributions to taxes, we’re going back to basics on pensions.  

How can you find more information?

Royal London recommends you seek professional independent financial advice before making financial decisions. You can learn more about the value of financial advice on our website, or visit Unbiased to find a trusted professional in your area.  

You can also find lots of helpful information about pensions and retirement on the following sites:  

Pensions Advisory Service

Website: www.pensionsadvisoryservice.org.uk

Telephone: 0800 011 3797  

Pension Wise

Website: www.pensionwise.gov.uk

Telephone: 0800 138 3944   

Age UK

Website: www.ageuk.org.uk/information-advice/money-legal/pensions

Telephone: 0800 055 6112  

Money Advice Service

Website: www.moneyadviceservice.org.uk/en/categories/pensions-and-retirement

Telephone: 0800 138 7777  

And you can read more about the difference between men and women’s pensions in this report from the Chartered Insurance Institute.  

Please note that all topics discussed in this episode can vary depending on your personal circumstances, and the value of your pension investments can go down as well as up. Tax relief could also change and depends on individual circumstances (read the Which! guide on tax reliefs for more information). Any figures quoted were accurate at the time of recording (October 2019).