Stakeholder/Personal Pension
A stakeholder plan is a regular payment or lump sum pension plan for an individual wishing to serve towards retirement. Features include

  • The choice and range of funds and the opportunity to change your investment to suit your circumstances.

  • Tax relief is available on contributions

  • The availability to increase , decrease or suspend payments at anytime without charge.

  • minimum initial payment of £20

  • 100% allocation of your payments.

  • A maximum annual management charge of 1.5% per annum for the first 10 years, which must reduce to 1% thereafter.

  • Benefits can be taken between age 50-75. The minimum retirement age is set to rise to 55 by 6 April 2010

  • 25% of total fund can be taken as tax free lump sum.

Pension plan
This is similar to the stakeholder , but does not have a maximum annual mgt. charge , and allow investments in with profits funds and external funds.

For more information, please contact us on 0191 488 8445
or use this email link. office@hrcgroup.net