STAKEHOLDER SAVING
Pensions
Take charge now, and you’ll be in charge in the future
The stakeholder pension was the first Stakeholder Saving product. So you may already have heard of it.
Although many employers are required by law to offer a stakeholder pension, it’s not just for those who are working for companies. You can also take advantage of Stakeholder Saving pensions if you’re self-employed or if you’re not working.
Here’s what makes stakeholder pensions different to some other pensions:
- You can start with as little as £20, and in some cases even less
- You won’t face penalty charges for transferring into, or out of, it
- You can switch your funds into lower risk investments in the run-up to your retirement, to keep the growth of your fund safer
But remember:
- You’re using a company’s expertise to invest your money, and they will charge for that. But the charges will be no more than 1.5% of your fund each year, and you’ll be informed what the charges are for
- The value of stocks, shares and property can go down as well as up but you can switch your funds into lower risk investments in the run-up to your retirement to keep the growth of your fund safe
- And keep in mind that a provider’s past performance is not an indicator of future performance
Interested in Stakeholder Saving pensions?
Still got some questions?
