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, 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. To find out more please read the
Stakeholder key features (PDF: 1186KB)
- 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.
- 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 into our default option, the Multi-Asset Lifestyle Profile.
- You can also change funds online through our online service, My Accounts.
- 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 of the charge reduces as your fund grows.
Take a look at the available pension fund choices, and the charges associated with our Stakeholder pension.
Risks and important information:
- All investments carry an element of risk. Some of the risks are listed below. Please read the
Stakeholder key features (PDF: 1186KB) document for further information.
- The value of the investments that make up your pension fund 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.
- The fund or funds you choose to invest in will have specific risks. These risks are described in the
Choosing your investment fund (PDF: 166KB) document.
- Any money in your pension fund is tied up until you take your benefits, which is generally between age 55 to 99.
- You should be aware that joining a pension scheme may not be suitable for you, particularly if small amounts of savings affect your entitlement to any means tested State benefits.
- The amount of pension income provided by your pension fund will depend on a number of things, including the amount paid into the pension fund, charges, investment returns and the annuity rates available to buy your pension income when you decide to take your benefits.
- If you decide to cancel within the 30 day cancellation period, any refund may reflect a reduction in investment values. Read more about Your right to change your mind.
- 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 law and tax rates may change in the future and the value of tax relief will depend on your individual circumstances.
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.