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Personal pensions

Personal pensions are often available as workplace pensions. But they can be taken out by people who do not currently have a scheme at work, or who are self-employed.

Some people choose to pay into a personal pension as well as a workplace pension. They do this to give themselves a bigger income when they retire.

Taking time off work or reducing your hours

You may find it hard to keep paying into your pension scheme if you stop working or take time off. If you stop making contributions, your final pension pot will be smaller.

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