Stage 1: Saving for retirement
Discover the ‘pension essentials’, watch our helpful explainer video, and come away better informed and ready to make decisions.
Your Retirement Journey
Take control of the next stage of Your Life
Your Life is designed to provide you with the essential information and support you need to navigate every stage of retirement. Take control of your next best step by exploring where you are on your journey below.
Stage 2: Nearing retirement
How much income will you need in retirement? What are your options if you have more than one pension pot? We’ve explained what you need to know.
Stage 3: Your income in retirement
You've a workplace pension pot and maybe your state pension. By outlining your choices, you’re empowered to make informed decisions when they matter the most.
Calculators to shape your thinking
Pension Tax Calculator
The government allows you to take out a 25% lump sum from your pension, tax-free but you’ll pay tax on additional withdrawals. Our calculator will help you understand how much tax you’ll pay and at what rate.
Life Expectancy Calculator
Understanding how many years you might need to plan for in retirement will help you work out how much income you’ll need over time. Our simple calculator shows average UK life expectancies.
FAQs
You’re bound to have questions relevant to your unique situation. Don’t hesitate to contact us for answers, however basic you think the question is. That’s what we’re here for. To help - and save you time - we’ve also gathered some of the most common questions below.
Can’t find what you’re looking for?
Contact Canada Life Pensions. Our friendly customer service team is here to put your mind at ease. By email, phone or post.
Get in touch with the team