Stakeholder Pension

Makes planning for retirement easy: Start yours with only £20

Our Stakeholder Pension is a flexible way of investing money for your retirement. 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 back basic rate income tax for you from HM Revenue & Customs (HMRC) and add it to your plan. If you pay tax at a higher rate, you may be able to claim further tax relief on your annual self-assessment tax return.
  • 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.

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.

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 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 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. There is a payment limit each year, which is called the annual allowance. If total payments to all your pension plans are more than the annual allowance, you will normally have to pay tax on the excess. The annual allowance is £40,000.

If you have an income (including the value of any pension contributions) of over £150,000 and an income (excluding pension contributions) in excess of £110,000 your annual allowance may be reduced.

Taking certain types of retirement benefit will trigger the money purchase annual allowance (MPAA). You will still have an annual allowance of £40,000 in total, but no more than £4,000 can be paid into a defined contribution (money purchase) pension, with the remainder being available for other pension savings. The provider paying your retirement benefits will tell you if this applies to you.

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. Your employer payments will count towards your annual allowance. 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 start to take your pension benefits from age 55 up to age 75 with Aviva.
  • When you start to take your benefits you can usually take up to 25% of your pension fund tax free.
  • There's an annual charge of just 0.55% of the pension fund value each year, for managing your plan. Some funds may have extra charges, but the total maximum charge is 1% of the value of your pension fund each year. The charges may reduce as your pension fund increases. Customer brochure SP01001

What's your commitment?

  • With a Stakeholder Pension from Aviva, you commit to making either:
    • minimum monthly or yearly payments until your chosen retirement date or
    • at least one single payment.
  • To keep the plan until your chosen retirement date.
  • You’re investing for the long term. You won't usually be able to access your pension fund until you're at least aged 55.

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.

You can take your retirement benefits from age 55. Under this plan, you have to use your pension fund on or before your 75th birthday. If you want to wait until later than that you can. You’ll have to take your money out of this plan before your 75th birthday and put it into a different one which lets you use your pension fund after you’re 75.

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.

Other useful information

What's the next step?

The next step is to talk it through with a financial adviser to make sure it's the right pension plan for you. If you don't have an adviser, you can find one in your area at

If you and your adviser agree that an Aviva Stakeholder Pension is right for you, your adviser will provide you with all the information you'll need to apply. This will include:

  • A key features document, which explains the aims and risks of the plan and answers some frequently asked questions.
  • A personal illustration, which gives you an estimate of what your investment in the pension plan may be worth at your chosen retirement age.
  • An application form, which should take just a few minutes to complete.

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