Stakeholder Pension

A Stakeholder Pension plan is a flexible way of investing money that you use to provide a retirement income. You also get all the tax advantages that only a pension plan can offer you.

• You can start your Stakeholder Pension plan with as little as £20 a month and stop, start or change your payments as often as you like
• You get tax relief on your payments - we'll claim this back for you from HM Revenue & Customs and add it to your plan
• You can invest in one or more of our wide range of pension funds. Bear in mind that the value of investments can go down as well as up and you may get back less than you invested
• It's easy to get a quote and apply online

Putting you in control of your pension

A Stakeholder Pension plan may offer you the flexibility, value and control you need to help you fund the retirement you want.

Get a quote for stake holder pensions

What is a stakeholder pension?

A stakeholder pension plan is a long-term investment that helps you build up a sum of money that you can then use to provide yourself with an income in retirement. It differs from other personal pensions as it must meet minimum government requirements on capped charges and low minimum payment levels.

A stakeholder pension is a tax-efficient way to invest because HM Revenue & Customs (HMRC) allows you tax relief on your payments into your pension plans up to £3,600 a year or 100% of your UK taxable earnings if greater. With the tax relief, £2,880 paid in would effectively become £3,600. And you won't normally pay tax or National Insurance on payments made by your employer. However, bear in mind that the tax treatment depends on your individual circumstances and may be subject to change in the future.

What are the benefits?

• If you'd rather not choose the funds yourself, we'll help you by investing your payments using our Balanced Managed Lifestyle Strategy.
• You can take your pension benefits from age 55 up to age 75 with Aviva.
• When you retire, you can usually take up to 25% of your fund as a tax free cash lump sum.
• There's a maximum annual charge of 1% of the fund value each year, but if you apply online this charge is just 0.9%. These charges may reduce as your fund increases.

What's your commitment?

• With a stakeholder pension from Aviva, you commit to either:
  • Making minimum monthly or yearly payments until your retirement date or
  • At least one single payment
• When you decide to retire you must use your pension fund to provide you with an income in retirement.
• As you're investing for the long term, you won't be able to access your pension fund until you retire.

Is a stakeholder pension right for you?

If you're under 75 years of age and you want to invest for a retirement in a tax-efficient and flexible way, a stakeholder pension may be right for you. The plan is suitable for people who are employed, self-employed or not employed. You can also pay into a plan on behalf of your children or grandchildren.

The plan is suitable for people who are planning to buy a retirement income or take a tax-free cash lump sum between the ages of 55 and 75. If you want to wait until after you're 75 you can because the government has changed some of the pension rules. You will have to take your money out of this plan and put it into a different one which lets you use your pension fund after you're 75. You will need to do this before your 75th birthday.

If you're not sure whether it's the right plan for you, we can help you decide. Bear in mind, we can only advise you about our own range of products.

You should be aware that current government rules allow you to take your benefits at any time. However with this plan you must take them by age 75.

Other useful information

• Find the answers to some frequently asked questions
• Understand your attitude to risk and which funds might suit you best
• Use our pension calculator to work out your potential income in retirement
• Which pension plan is right for you? Compare the features of our pension plans

Get a quote and apply online

It's easy to get an instant quote and apply online for a Stakeholder Pension plan from Aviva.

Get a quote for stakeholder pension plan

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