the pension plan for now

Sometimes it's hard enough trying to imagine what life will be like in a couple of years' time - let alone when you retire. That's where the active money personal pension comes in.

Your active money personal pension adapts as your life changes - you start saving towards your retirement now, and add more features, if required, as time goes on.

Flexibility built-in

• Make single, yearly or monthly payments into your plan
• Add investment choices as time goes on
• Change, stop and restart your payments
• Be as hands-on or hands-off as you like.

The active money personal pension has it covered.

Start saving from just £150 a month

Different ways to save into your active money personal pension;

• Save monthly from £150
• Save yearly, from just £1500
• Once you've set up regular payments, save when you like, whatever you like - making ad hoc payments into your plan of any amount.

You can also make single payments or transfer funds from another pension, subject to a minimum of £1,000.

Transferring isn't right for everyone. You could be giving up valuable benefits under your existing plan and there may be charges for transferring. Speak to your financial adviser before you decide.

If you already have an active money personal pension, there's no minimum amount for any additional single or transfer payment.

Valuable tax relief

If you're a basic-rate taxpayer, the government gives you 20% tax relief on your pension payments, topping up your savings for you.

The good news is that you don't have to do anything - we'll claim the 20% tax relief for you and automatically add it to your plan. That's definitely something worth having.

If you're a higher-rate taxpayer, you may qualify for extra tax relief. If this is the case, we'll claim the first 20% tax relief for you and add it to your plan. You'll need to claim the additional tax relief through your tax return.

Note

From 6 April 2011, some higher-rate taxpayers may no longer be eligible for this extra tax relief. Speak to your financial adviser for more information.

Tax relief may change. Its value depends on your individual circumstances. The information provided here is based on our understanding of current law and HM Revenue & Customs practice.

Find out more about tax relief on your pension payments.