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Home - Royal London Home - Royal London
    • Life Insurance

      Life Insurance
      • All Life Insurance products
      • Advised Life Cover
      • Direct Life Insurance
      • Diabetes Life Cover
      • Whole of Life
    • Illness and Income Protection

      Illness and Income Protection
      • All Illness and Income Protection products
      • Critical Illness Cover
      • Life or Critical Illness Cover
      • Income Protection
    • Insurance customers

      Insurance customers
      • Make a claim
      • Manage your insurance policy
    • Insurance guides

      Insurance guides
      • What is life insurance?
      • Types of life insurance
      • All insurance guides
    Explore insurance products
    • Our pensions

      Our pensions
      • Personal pensions
      • Workplace pensions
      • ProfitShare
      • Pension transfers
    • Investments

      Investments
      • Investment options
      • Fund prices and factsheets
      • Responsible investment
      • Investment performance
      • Fund range
    • Pensions customer support

      Pensions customer support
      • Manage your pension plan
      • Making pension contributions
      • Register to access your plan online
      • Find an old pension
      • Download our app
      • Tax year end
    • Pension guides and tools

      Pension guides and tools
      • Pension calculator
      • What is a pension?
      • Should I transfer my pension?
      • How your pension is taxed
      • Pension allowances explained
      • How to top up your pension
      • All pension guides
    Explore pensions products and support
    • Using your pension

      Using your pension
      • Pension drawdown
      • Take a cash lump sum
      • Buy an annuity
      • All retirement options
    • Retirement tools

      Retirement tools
      • Retirement income and lifestyle planner
      • Lump sum calculator
      • Retirement options calculator
      • All retirement tools
    • Retirement guides

      Retirement guides
      • Financial planning for retirement
      • The State Pension explained
      • Ways to take your pension
      • How to manage your money in retirement
      • All retirement guides
    • Releasing equity from your home

      Releasing equity from your home
      • Equity release
      • Equity release calculator
      • Lifetime Mortgages
      • Retirement Interest-Only Mortgages
      • Mortgages for over 55s
      • All equity release products
    Explore retirement options and guidance
    • Money guides

      Money guides
      • Everyday money
      • Financial support and advice
      • Saving and budgeting
      • Credit cards and debt
      • Tax guides
    • Planning ahead

      Planning ahead
      • Retirement planning
      • Estate planning
      • Making a will
    • Life events

      Life events
      • Starting a family
      • Buying a home
      • Starting a business
      • When someone falls ill
      • When someone dies
      • Divorce and separation
    • Product guides

      Product guides
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      • Pension tools
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    Explore all guides and tools
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      • Update your personal details
      • Make a claim
      • Tell us about a bereavement
      • Make a complaint
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      • Contact us
      • Register for our online service
    • Manage your products

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      • Managing your products
      • Pension plan
      • Insurance policy
      • Over 50s policy
      • Investments
      • ISA or Unit Trust
      • Endowment policy
      • Funeral plan
    • Other useful information

      Other useful information
      • About membership
      • Getting extra help
      • Transfer of Aegon UK protection customers
    Explore our customer service and support
    • Our Purpose

      Our Purpose
      • Our Purpose and strategy
      • Responsible business
      • Social impact
      • Sponsorship and partnerships
      • Working at Royal London
    • How we are run

      How we are run
      • Our business
      • Mutuality
      • Governance and leadership teams
      • Annual General Meetings
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  1. Home >
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  3. Good with your money guides

Good with your money

Helping you understand your money and improve your financial capability is a priority for us at Royal London, which is why we’ve created our Good With Your Money guides. Written by our experts, these guides provide useful information on everything from understanding your taxes to solving common pension predicaments.

The Royal London guide to going self-employed

This guide is designed to help people who may be considering leaving paid employment to work for themselves. It may also prove helpful to those whose employment status has changed as a result of the pandemic. It explains the challenges of taking charge of your own income and working patterns, as well as looking at some of the gaps in your finances that you will need to fill.

Read more  about The Royal London guide to going self-employed

Tax codes explained

If you receive a wage or a pension, your employer or pension provider is required to deduct any income tax due before the payment is made.

Read more  about Tax codes explained

Five things to consider before opening a branch at the 'Bank of Mum and Dad'

This guide highlights the pros and cons of lending adult children money, also known as 'the bank of Mum and Dad'

Read more  about Five things to consider before opening a branch at the 'Bank of Mum and Dad'

Defined Benefit pensions – The pros and cons of transferring

Thinking about transferring your defined benefit pension, this guide is designed to present you with options to consider when deciding if you should transfer out your DB pension or not.

Read more  about Defined Benefit pensions – The pros and cons of transferring

What happens to my pension when I die?

Depending on the type of pension, when you die your partner, spouse or other beneficiaries may be entitled to your pension. Learn what will happen to your pension with our guide.

Read more  about What happens to my pension when I die?

Need advice?

If you don't already have a financial adviser, there are a number of directories that you can use to search for one in your area and according to their specialisms. Advisers may charge for their services - though they should agree any fees with you upfront.

Find a financial adviser  about Need advice?
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The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales, company number 99064. Registered office: 80 Fenchurch Street, London, EC3M 4BY.

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