Stakeholder Pension

Simple saving for your family's future

Straightforward saving for retirement

Our stakeholder pension could be a great way to give you and  your children or grandchildren a head start on retirement savings. 

Manage online

Stop, start and change payments whenever you want – no penalties

Flexible retirement options

Flexible options when it comes to withdrawing your money

Save for your children

Open a pension on their behalf and start saving

The value of your pension can go down as well as up and you may get back less than has been paid in.

A simple way to invest for the future

Invest for the long-term and make the most of the tax benefits that a pension brings.

Hands-off investing

If you don’t want to think about where and how your pension savings are invested, you can hand over all the decisions to our experts. Depending on how far off retirement you are, we’ll move your money between carefully chosen funds. It's designed to give you growth in the early years and reduce the risk of large fluctuations in the value of your pension, as you get closer to retirement. However, there's no guarantee this will be beneficial to your pension.

An investment for their future

You can start investing towards your children’s or granchildren’s retirement with a Stakeholder Pension in their names. The money will stay invested until they’re at least 55 years old – so there should be plenty of opportunity for the money to grow. 

Clear and simple charges

No need to worry about complex charging structures or hidden extras.

There’s just one clear fund charge – our annual fund charge, capped at 1%.

And you won’t have to pay any charges for setting up your investment or for switching money between funds.

See our Key Features Document (226.1 KB) for more information on charge discounts.

What our Stakeholder Pension offers

Save for your retirement with our affordable and flexible pension that’s built around you.

  • Manage online
    Manage your pension online in MyAviva using your policy number. You can view your pension value, switch funds, change payments and even change your retirement age
  • Flexible retirement options
    From age 55, you can take a lump sum payment, keep your pension invested and take money out, convert it to a guaranteed income or a combination of these
  • Save for your children
    Give your children or grandchildren a head start by opening a pension on their behalf. You can pay in up to £2,880 for each child each year
  • Affordable payments
    Start your Stakeholder Pension with as little as £20 a month. And you can change that amount or stop and start payments when you need to – so you can build your pension around your budget
  • Tax efficient
    When you make a payment into your pension, you get basic rate tax relief from the government up to 100% of your annual earnings or an annual allowance of £40,000. In most cases, this means that we automatically add 20% to the payment – so if you pay in £80, we add an extra £20. Tax rules and allowances may differ in Scotland

Can you take out a pension with us?

To open a Stakeholder Pension, you’ll need to be eligible and set up your payments.

You can apply for our Stakeholder Pension if you:

  • Are under 75 years old
  • Live in the UK or you, your husband, wife or civil partner works overseas for the UK government

You’ll need to:

  • Speak to a financial adviser before you get started
  • Set up regular payments of at least £20 a month
  • Be comfortable with not being able to access your pension money until you’re 55 years old

 

Manage your Stakeholder Pension online

Log in to your MyAviva account to see your pension details and manage any changes. If you haven’t registered for an account yet, you’ll need your pension policy number to hand.

Important documents

Before you apply for a Stakeholder pension, make sure you read and understand all of the details.

Financial advice

A financial adviser might be able to help you consider your options at retirement. Their advice may come at an additional cost, but they can help you decide if this is right for you.

Product provided by: Aviva Life & Pensions UK Limited. Registered in England No. 3253947. Registered office: Aviva, Wellington Row, York, YO90 1WR. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Reference Number: 185896.

Aviva UK Digital Limited introduces to Aviva Life & Pensions UK Limited for pensions. Aviva UK Digital Limited is registered in England No. 09766150. Registered office: St Helen's, 1 Undershaft, London EC3P 3DQ. Authorised and regulated by the Financial Conduct Authority. Firm Reference Number: 728985.