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What are the different types of pension?

A brief overview of DC, DB, state, and personal pensions.

Updated today

Defined Contribution (DC): Your pot is built from contributions and investment returns. Jarvis is DC.

Defined Benefit (DB): Also called “final salary.” Retirement income based on salary and years of service. Mainly public sector. Jarvis does not offer DB.

State Pension: Regular payment from the government based on National Insurance record. Claimed at State Pension Age.

Personal Pension / SIPP: A pension you set up yourself. Jarvis can also be used as a personal pension.


Related: What is a defined contribution pension? | Pension glossary

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