Stakeholder pensions are a form personal pension, designed to attract those people that would not normally contribute to a pension, through low costs and simplicity They must meet minimum standards set by the government, including:
- Limited charges
- Low minimum contributions
- Flexible contributions
- Penalty-free transfers to other pensions
- A default investment fund
With a stakeholder pension your investments are managed for you.
The pension income from a stakeholder Pension is subject to the same constraints and taxation as any other Personal Pension
If you are considering starting a Stakeholder Pension, we strongly advise that you seek professional advice from a fully qualified and regulated Independent Financial Advisor. Pension decisions are usually a major financial decision that requires the appropriate level of advice to make the right choice. In contrast, mistakes can be costly. To arrange for a no obligations, initial free telephone consultation click here.