Stakeholder pensions.

Your retirement may seem far away, but it's never too early to start investing in a pension. For every day that you hesitate, that’s less money saved. With over 50 years’ worth of experience in the pensions market and a proven investment record, we offer a Stakeholder pension that's a simple, straightforward way to save for your retirement - and a great way to help tick something rather important off your to-do list.

Simple

• Our Stakeholder pension plan aims to build up a fund that’ll provide you with a pension income when you retire.
• You can invest from as little as £20 gross, although the more you put into your pension, the better chance it has of meeting your retirement needs. Take a look at our handy pension calculator to find out more.
• You can stop, start, increase or decrease regular contributions, and pay in lump sums at any time.
• You can manage your plan online through our secure online service, My Accounts, so you can see how your pension investment fund is performing at any time.
• Our Stakeholder pension application only takes 10-15 minutes to complete.

Choice

• The money you pay into your plan is put into one or more investment funds of your choice, with the overall aim of growing your pension pot.
• We offer a wide range of investment funds, so you can choose the type of investment that suits you. Read our funds made clear page for more information.
• If you don't make an investment fund choice, we'll invest your contributions in our default fund, the UK Equity Index Lifestyle Profile.
• You can also change funds online through our online service, My Accounts.

Value

• Saving in a pension allows you to take advantage of the tax relief offered by the government – the taxman adds to whatever you pay in. So, for every £200 you pay, £250 is actually invested into your pension. (These figures are for basic rate taxpayers – higher and additional rate taxpayers can claim even more tax relief).
• Our Stakeholder pension plan is great value and offers a competitive annual management charge – the rate reduces as your fund grows.

Take a look at the available pension fund choices, and the charges and risks associated with our Stakeholder pension.                                   

                                                                                  

Please remember the following:

• There is an annual allowance which is currently £50,000, and this is the maximum amount that you’re allowed to put into your pension each year before you pay a tax charge.
• The value of the units that make up your fund can go down as well as up, so the value of your fund is not guaranteed. It’s particularly important to remember this if you are close to taking your benefits.
• Your money is tied up until you take your benefits, which is generally between the ages 55 to 99.

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