Stakeholder Pensions

These are the simplest form of personal pension and are designed for people seeking a no-fuss retirement savings vehicle. The investment choice is limited, usually to the pension provider's in-house funds. Stakeholder schemes are low-cost and provide easy access for savers. The rules state that providers must accept payments of just £20, and the maximum they can charge for the scheme is 1.5% a year. The provider cannot charge members for transferring money into or out of a stakeholder scheme.

For more details please call 01732 881188.