How pensions work

Watch this animation to see who pays money into your pension, how BT tops it up - and what your options are when you retire.

Please note, this is an example only to help you understand how pensions normally work. The information provided may not apply to your own personal circumstances.

 Important information

Investments can go down as well as up and may be worth less than what was paid in. Laws and tax rules may change in the future. The information here is based on our understanding in April 2020. Your own circumstances and where you live in the UK also have an impact on tax treatment.