Stakeholder pensions were introduced by the government to help people who can save for retirement to do so in a low cost, flexible and secure option pension arrangement. Stakeholder Pensions are a flexible way of investing money that you can access and use when you retire. You also get all the tax advantages that only a pension plan can offer you.

You can start Stakeholder Pension plans with as little as £20 and stop, start or change your payments as often as you like.

Stakeholder pensions UK offer 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 a Stakeholder pension scheme 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.

Stakeholder pension schemes usually have a default fund that contributions would be invested in, you can however with most Stakeholder pensions you have a wide choice of funds to invest contributions