Stakeholder pension

Stakeholder pension

To apply call 0845 272 8810

Why choose a Stakeholder Pension?

Encouraging everyone to save for their future, our Stakeholder Pension is a personal pension that meets the stakeholder criteria set out by the Government.

Our Stakeholder Pension offers you:

  • Straightforward investment choice - we’ve put together a carefully selected range of investment options.
  • Flexibility - save from just £16 a month with basic rate tax relief on top. Increase payments, take a break or move into different funds whenever you want. If you start a new job you can carry on paying into your plan, or transfer it to your new employer's scheme at no extra charge.
  • Low charges - just 1% of the value of the fund(s) you’re invested in each year, which is lower than the 1.5% Government limit for stakeholder charges.

At retirement options

Whether you‘re saving for retirement or about to retire, the changes announced in the 2014 Budget will give you greater control of your money.

A consultation is now underway to look at how you’ll be able to access your pension savings when you retire. The proposal is that you’ll be able to access your pension pot from the age of 55. You’ll be able to take what you want - when you want it. The first 25% is tax free whilst the rest is added onto any other income you have in the tax year of payment and will be liable to income tax.

Depending on the size of your pension pot, you’ll be able to cash it in, buy an annuity or draw down income from it.

Find out more about our pension products

Keep up to date by reading our MoneyPlus blog.

 Important note

Laws and tax rules may change in the future. The information here is based on our understanding in May 2014. Your personal circumstances also have an impact on tax treatment.

As with any investment the value of your fund can go up or down and may be worth less than what was paid in.