Stakeholder Pension
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Why Should I Have a Stakeholder Pension?

Perhaps planning for your retirement can seem like one of those things that can be put off for a while but it's certainly true that the earlier you start a pension the easier it will be to accrue sufficient funds to enjoy your retirement free of financial worries. Obviously the later in life you leave it to start a pension or start contributing a meaningful sum into a pension, the greater the proportion of your earnings you will need to invest later in life to 'catch up' on any potential shortfall. It's stating the obvious to point out that people who are 60, 70, 80, whatever age, still have demands on their purse from those necessary evils (bills) to like-to-haves (holidays). In the twilight of your life, do you really want to be worried about making ends meet?

Sorting a pension or a means of financial well-being in retirement is an action that needs taking now if you have no other plans in place. Use the comparison service to discover more about the Stakeholder Pension plans available in the UK and find out how you can obtain professional advice about what is right for you based on your individual circumstances.

Stakeholder pensions became available from 6th April 2001 and were introduced by the Government to ensure a simple, low charge product was available that offered the following features:

• Charges are limited to a maximum of 1% of the value of your pension fund each year, albeit pension providers can recover other costs and charges they have to pay for e.g. stamp duty or other charges for buying and selling investments for your fund.
• As little as £20 can be contributed weekly, monthly or at irregular intervals.
• Funds can be transferred to another stakeholder pension without incurring any penalties.

Stakeholder pensions are appropriate for:

• The self employed.
• Those in employment but not having a pension.
• Those not working but still receiving an income e.g. investment income, annuities, state benefits, lottery winnings or an inheritance.
• A spouse, children, grandchildren and parents.

Stakeholder Pension
Click here to compare over 28 stakeholder pensions