In the UK, there is the basic state pension. The pension age depends on when you're born. For young people now, it's 68.
However, the state pension pay is so low that almost everyone gets a commercial pension. Usually, it's a salary deduction and employer match contribution scheme, so you can choose how much to save. At the moment, you can start drawing your commercial pension at age 57 (increased from 55).
However, the state pension pay is so low that almost everyone gets a commercial pension. Usually, it's a salary deduction and employer match contribution scheme, so you can choose how much to save. At the moment, you can start drawing your commercial pension at age 57 (increased from 55).
See https://www.gov.uk/government/publications/increasing-normal...