Pensions are one of the most tax-efficient forms of investment. The contributions that you pay into your pension will benefit from tax relief (subject to allowances and limits), and aren’t subject to tax while they’re invested. There are many different pensions in the market which can be broken down into two main types.

Whether you’re looking to gift money to loved ones, make home improvements, repaying debts or simply enjoying later life, equity release could be the right choice for you.