Matter and AP Pension launch new partnership on sustainable pension savings.

Types of pension savings

Annuity pensions

An annuity pension is a type of savings that is paid out over a certain period - for example, over 10 or 20 years from your retirement date. You save while you work, and then you a secured a monthly payout, when you retire.

Lifelong pension

A lifelong pension is a pension saving, through which you are guaranteed a monthly payout as long as you live.

Age savings

The age savings pension is a one-off payment that you can receive when you retire or when you prefer it. Instead of having your savings paid out over time, you receive the total saving in one payment. Depending on your economic situation, there are advantages to each of the different savings types - you can talk to Skandia’s advisor about it, when you sign up.

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