Advice on Stakeholder Pensions
A Stakeholder pension is a low charges private pension scheme that has been available since 2001.
Features of stakeholder pensions:
What is in Stakeholder Pensions:
For stakeholder pension advice contact us.
1. Stakeholder Explained
A stakeholder pension is a low charges private pension scheme that has been available since 2001.
There are no entry charges, no exit charges no transfer penalties and no early retirement penalties.
This makes stakeholder pensions very simple to understand with no confusing hidden charges, unlike most peoples pensions.
Even Better - Fantastic - Nil Commission Pension Contracts
Working on a fee basis, we obtain discounted pension contracts for our clients with annual management charges below 1.0% pa.
This may seem insignifcant. But compare the following:
Example Nil Commission Pension Plan Through Us
Annual charge 0.7% pa (for larger funds we can get charges as low as 0.1% - 0.35% pa).
Fee Based Advice: contact us about paying a one off fee and working on a nil commission basis.
Read our Commissions versus Fees article - Johnny Salesman
2. Pensions for All
Low charged stakeholder pension funds are available to save in, basically for all people.
Whether you are young, old, working, not working, you are able to contribute to a Stakeholder pension.
You are also permitted to invest in a stakeholder pension for your children or grandchildren whether they are working or non-working.
You can even invest in a stakeholder pension if you live overseas or if you are a non-UK National.
Tax Relief: Relevant Individuals:
Whether you receive tax relief on the contributions you make to a stakeholder pension will depend upon whether you are deemed a UK Relevant Individual.
3. Pension Tax Relief
Are you entitled to Pension Tax Relief? Only UK Relevant Individuals receive tax incentives. There are four sets of rules for pension tax relief:
Low Earners and Non Taxpayers
20% Tax Payers = 20% Pension Tax Relief:
40% Higher Rate Tax Payers = 40% Pension Tax Relief ... but be careful if you are a high earner.
£150,000 + High Earner? Do you earn this or more? Pension Tax Relief has changed dramatically for you.
4. Help for Individuals
There are many ways you can get help with your Stakeholder pension, you can:
5. Transfer Stakeholder Pension
Stakeholder Pensions have annual management charges as high as 1.5% pa and as low as 0.5%pa.
They are transparent, penalty free simple pensions.
You may wish to consider a stakeholder pension transfer for
For advice with stakeholder pensions, contact us.