Pensions Guide | Pensions Help Product Information | What If I am Not Working?

Certain people who are not working (for example, people caring for children) have their basic state Retirement Pension protected. In the past, they were not entitled to any additional state pension for the years they were out of work. Now they will be protected under the State Second Pension.

This will include people who:

  • look after young children or a disabled person; or
  • have a long-term illness or disability; and so have not been able to work on a regular basis.

If these situations apply to you, it may affect your decision about whether to take out a stakeholder pension or stay in the State Second Pension.

If you are not working but you can afford to save something towards your retirement, you may want to think about a stakeholder pension. You could benefit from tax relief on the contributions you pay in.