This guide is for financial advisers only. It must not be distributed to, or relied on by, customers. The information on this page is based on our understanding of legislation as at 6 April 2024.

The United Kingdom has a state pension system under which people can build up an entitlement by paying, or being credited with, National Insurance contributions. To supplement people’s state pension entitlement, the UK has a well-developed and complex private pension system.