Have you started investing in a pension? Thinking about your financial needs in later life may seem far away but it's never too early to start a pension. For every day that you hesitate, that's less money saved to enjoy and support yourself financially when you need it. We have over 50 years' worth of experience in the pension market and our Stakeholder Pension Plan offers a simple, tax-efficient way to save for your retirement.
BENEFITS AT A GLANCE
Our Stakeholder Pension Plan aims to build up a pension pot that will provide you with a pension income and/or cash sum when you decide to take your benefits.
- You can invest from as little as £20 gross, but the more you put into your pension plan, the better the chance it has of supporting your needs in the future. Take a look at our handy pensions calculator to find out more.
- It's flexible - you can stop, start, increase or decrease your regular contributions, and pay in lump sums at any time.
- You can manage your plan online through our secure online service, My Account, so you can see how your pension pot is performing at any time.
- It's quick to apply for our Stakeholder Pension Plan - it only takes 10-15 minutes to complete online.
CHOICE OF FUNDS
We offer a range of investment funds.
- 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 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 into our default option, the Multi-Asset Lifestyle Profile.
- You can also change funds online through our online service, My Account.
- Take a look at the available investment fund choices and the charges associated with our Stakeholder Pension Plan.
Our Stakeholder Pension Plan offers the chance to make tax-efficient savings.
- Saving in a pension plan 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 pot. (These figures are for basic rate taxpayers - higher and additional rate taxpayers can claim even more tax relief).
- All tax information is based on our understanding of current law and HM Revenue & Customs practice. Tax treatment depends on individual circumstances and may be subject to change in the future.
Risks and important information:
- All investments and funds carry an element of risk. It's important you read the
Stakeholder pension plan key features (PDF: 154KB)
and the accompanying fund brochure,
Choosing your investment fund (W13814) (PDF: 176KB)
for information about the risks.
- The value of the investments that make up the pension pot can fall as well as rise, and is not guaranteed. It is particularly important to remember this if you are close to taking your benefits.
- Any money in the pension pot is tied up until you take your benefits, which can be any time from age 55.
- All tax information is based on our understanding of current law and HM Revenue & Customs practice. Tax treatment depends on individual circumstances and may be subject to change in the future
If you apply online through this website the temporary annual management charge, which normally applies to funds of £15,000 and under, won't apply.