Private pensions work similarly to a workplace pension scheme, you can have one if you are employed or not working. You are responsible for choosing the provider and setting up your plan. When paying into a pension you can get tax relief on any contributions you make. This may mean that a private pension may be a tax-effective way to boost retirement income. Currently in the UK there are no limits to the number of pension schemes you can have. Allowances may vary and there different tax rates that are applicable depending on your situation. Seeking professional financial advice could help you to plan more effectively for your retirement.