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Pensions blog

Pensions blog

Prospect's pensions officers blog about the issues that exercise their minds.


Pound coin

Help with pension tax relief for Scottish members

If you live in Scotland you will be a Scottish taxpayer and pay Scottish Income Tax (your tax code should start with an ‘S’ to reflect this).


Illustration of the importance of pension savings

Update on cashing in defined benefit pension benefits

A major trend in pensions in 2017 was for tens of thousands of members of defined benefit pension schemes to trade in their benefits for a large cash lump sum.


Brexit flags

Update on Brexit and Pensions

A previous blog covered the potential impact of Brexit on the pensions of Prospect members who move between the UK and the rest of the EU during their careers or after they retire.


Man with calculator

Help for Prospect members with pension tax issues

The pension tax relief system is very complicated (complicated enough to generate more previous pension blogs than any other issue!).


Illustration of the importance of pension savings

Why pensions should matter to all millennials

It’s time to start caring about your pension. You might think that this is not the time to start planning for retirement, but let me outline why it’s important for you, as a young professional, to be enrolled in your workplace pension scheme and engaged with your pension savings.