Stakeholder pension

The flexible, low-cost way to
save for retirement

Whatever your plans for the future, you're going to need an income to see them through. Our stakeholder pension is provided by Norwich Union.


With a stakeholder pension, you can start small (or big, if you want to), with a flexible low-cost plan.

  • Tax savings - for every £78 you save, the taxman currently adds a further £22. That means a total of £100 is invested in your plan. From April 2008 the tax rate will fall; from this date the taxman would add £19.50 to your plan. If you're a higher rate taxpayer, you can claim more tax relief through your tax return
  • Start with just £20 per month - it's easy to plan for the future
  • Flexible - change, stop and start payments at any time
  • Fair charges - with low costs, charges won't make a big dent in your savings
  • Movable - you can take your pension to another provider
  • Up-to-date - we'll tell you how your pension is performing

Understand the risks

  • The value of your fund can go down as well as up
  • What you get back is not guaranteed and may be less than the amount invested
  • You cannot take benefits until age 50 (Age 55 from April 2010)
  • Tax rates and rules may change in the future
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