Investing for your future via an Individual Stakeholder Pension Plan can help put you in control of your retirement. The plan gives you flexibility around how you pay your contributions and also enables payments to be stopped and re-started at any time.
Risk Factors
Any stock market investment involves risk. The benefits you get at your chosen retirement age are not guaranteed and will depend mainly on how much has been paid in, the investment performance and annuity rates at the time you start taking your pension. The value of an investment can go down as well as up and is not guaranteed. It is possible that the value may fall below your original investment and you may get back less than you originally invested. You should also be aware that past performance is not necessarily a guide to future performance. Before you decide to invest, it is important to understand these risks.
Key Features
- Tax relief on contributions
- You must be aged at least 18 to take out an Individual Stakeholder Pension Plan
- You must be a permanent UK resident or a crown servant or the husband, wife or civil partner of a crown servant
- Access to a range of investment funds
- The freedom to take the plan with you from job to job
- The potential to take the benefits from age 55
- Choice of options on retirement
- Regular or single ‘one-off’ payments which can be stopped and re-started at any time. Stopping or starting payments could impact your pension fund size
- Minimum contribution of £20 (net)
- Opportunity to contribute to a plan on behalf of children/grandchildren under the age of 18
- Employers can also contribute to the plan
If you would like to know more about the risk factors and key features of the Individual Stakeholder Pension Plan, please contact your local branch to speak with a Financial Planner.
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