Stakeholder Pensions

Stakeholder Pension overview

A Stakeholder Pension plan is designed to build up a sum of money in a tax-efficient way, to provide you with an income when you retire. As long as you are a UK resident you can start building up a private pension through our Stakeholder Pension plan to help give you a more secure and comfortable retirement.

Features & Benefits

• Start from as little as £20
• 1% Annual Management Charge throughout the lifetime of the policy
• Get tax relief at your highest rate on your payments (subject to HM Revenue & Customs limits)
• Stop, restart or change your payments without charge
• Fully portable, you can still contribute if you move jobs or your employment status changes
• Access to online features to check your pension pot and fund performance.

Eligibility

• You need to be a UK resident
• You must normally be resident in the UK
• You must be under age 75
• Minimum age for online applications is 18, or 16 if you are employed
• You can be an employee or self-employed
• You can be already retired
• Children, grandchildren and non-earners can have a stakeholder pension
• You can apply even if you’re already a member of an employer’s scheme, or hold a personal pension.

The level of income you receive from your pension plan will depend upon a number of factors including the value of the plan when you decide to take your pension, which isn't guaranteed and can go down as well as up.