A Personal Pension for a better retirement.

Our Personal Pension aims to help you do more by growing your investment into a regular income in your retirement.

We are trustedby more than 114,000 investors.

£22 billion investedon the True Potential Platform.

Regulated by theFinancial Conduct Authority.

Why choose a Personal Pension?

Protect up to £40,000 every year from Income and Capital Gains Tax

Tax relief of at least 20% added to your personal contributions

Withdraw 25% tax-free from age 55 onwards

Take the rest as monthly income in retirement, taxed at your personal rate

How we offer you more.

What is a Personal Pension?

Though they can seem complicated, the basic principles of pensions are quite simple, you’re essentially putting aside some money now so that you can use it later.

Tax relief is a major incentive to invest in a pension as it is added to your contributions at your personal rate.

  • Basic-rate taxpayers get 20% – meaning every £80 contributed
    rises to £100
  • Higher-rate taxpayers get 40% – meaning every £60 contributed
    rises to £100
  • Additional-rate taxpayers get 45% – meaning every £55
    contributed rises to £100

The 20% is applied automatically, whilst the additional 20% or 25% can be reclaimed through a self-assessment tax return.

To withdraw from your pension, you need to be at least 55 years old (rising to 57 from 2028).

You can manage your withdrawals as best suits your lifestyle, which may mean withdrawing a monthly income to replace your salary, taking a lump sum, or a mixture of the two.

You can take 25% of your pension tax-free but you will pay Income Tax when withdrawing the remaining 75%.

If you’re new to pensions, it’s worth reading our guide to choosing the right pension.

It’s important to remember that, as with all investing, your capital is at risk in a Personal Pension. Investments can fluctuate in value and you may get back less than you invest.

Download our guide to choosing the right Pension.

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Get more from your pension allowances.

There are two main types of pension allowance to keep in mind:

Annual Allowance – you can get tax relief on contributions up to 100% of your annual income or £40,000 (whichever is lower).

Lifetime Allowance – you’ll be charged tax if the total value of your pensions exceeds £1,073,100.

As part of our financial advice service, we’ll make sure you are getting the most from your tax allowances each year.

Our fees and charges.

We believe in keeping fees simple, transparent and great value for money. We’ll talk you through all costs before you sign up and you’ll always be able to see them in your account.

Fee to open a pension


Fee to transfer a pension


You can find out more on our fees page.

Try our free calculator

Ready to do more with your Personal Pension?

If you’d like to find out if our service is right for you and how we can help you do more with your money, please get in touch. There’s no obligation and our friendly team will talk you through your options.

Call us on 0191 625 0350

True Potential Wealth Management offers restricted financial advice.  Our service is specifically designed for clients wishing to access their financial affairs online. With investing your capital is at risk. Investments can fluctuate in value and you could get back less than you invest. Tax rules can change at any time.