Stakeholder Pensions

Stakeholder Pensions are a form of Personal Pension where certain conditions, laid down by the Government, must apply. These conditions relate to the maximum amount that the Pension Company may charge for the product, the minimum level of contribution they must accept and the abolition of a fixed frequency for your contributions.
When the idea was first introduced it was thought that Stakeholder Pensions would be targeted at individuals earning between £9,000 and £18,000 per year. However as they have been developed it has become clear that they are equally suitable for people who earn more than £18,000. Under new rules introduced at the same time as Stakeholder Pensions you will be allowed to make a contribution to a Stakeholder Pension even though you are not working or receiving any income.
The amount you can contribute to a stakeholder pension depends on your age and income, but regardless of these factors you will be allowed to save at least £3,600 a year (£300 per month) towards your retirement.

Some of the products and services offered by IFAs may not be regulated by the FSA. The value of investments can go down as well as up. Past performance is no guarantee of future performance.

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'authorised and regulated by the Financial Services Act’ '189117'