Stakeholder Pensions

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

You can start your Stakeholder Pension with as little as £20 and if you make regular payments, you can 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 (HMRC) 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 your pension fund may be worth less than the amount paid in.
It's easy to get a quote and apply online.

Putting you in control of your pension

Our Stakeholder Pension 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 the Stakeholder Pension?

The Stakeholder Pension from Aviva 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.

Our Stakeholder Pension is a tax-efficient way to invest because HM Revenue & Customs 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. There is a total payment limit on all payments to all your pension plans called the annual allowance which is £50,000. Any payment above this may be subject to a tax charge. If you are employed, your employer can also make payments into your plan and you won't normally pay tax or National Insurance on these. However, please 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 stakeholder mixed investments lifestyle approach.
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 pension fund as a tax free cash lump sum.
There's a maximum annual charge of 1% of the pension fund value each year, but if you apply online this charge is just 0.9%. These charges may reduce as your pension fund increases.

What's your commitment?

With a Stakeholder Pension from Aviva, you commit to making either:
- 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 the Stakeholder Pension right for you?

If you're under 75 years of age and you want to invest for retirement in a tax-efficient and flexible way, our Stakeholder Pension may be right for you. The plan is suitable for people who are employed, self-employed or un-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 another plan, 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 our Stakeholder Pension Plan is right for you, we can help you decide.

You should be aware that current Government rules allow you to take your benefits at any time after age 55. However, with this plan, you must take them by age 75.