At aged 50, retirement could be as little as five years away. But whether you’re planning to retire then, or in many years’ time, we’ve put together some things you might want to think about.

Your questions answered

What should I do today?

Scottish Widows have been helping people plan for retirement for over 200 years. As a part of Lloyds Banking Group, they can help you to understand whether your plans will give you the retirement you want and help you make the best decisions for you.

To find out more about pensions and how you can save, visit the Scottish Widows website.

Scottish Widows website

Or if you’re looking to be a little more self-directed with your pension you could look at our Self Invested Personal Pension (SIPP), available through Halifax Share Dealing.

Self Invested Personal Pension

44% of people think they will be worse off in retirement.*


Tools and resources

Retirement Planning - access information to help plan your retirement

Scottish Widows pensions

Handy Tool - if you’re approaching retirement, review your pension options with our pensions provider Scottish Widows and see how you could benefit

Pensions Calculator

Pensions Transfer - if you have more than one pension pot you could combine them into one plan to make them easier to manage

Pensions Transfer

Looking for free and impartial money advice?

Visit the Money Advice Service website for more information. You might want to talk to a financial adviser. Find one near you.

The Government are offering free guidance on your options online, by phone or face to face from Pension Wise.

Halifax is a division of Bank of Scotland plc. Bank of Scotland plc, Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh, EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.

Eligible investments with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). For further information about the compensation provided by the FSCS, refer to the FSCS website at You can also visit our Financial Services Compensation Scheme page for more details.