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LEGAL AND GENERAL STAKEHOLDER PENSION SCHEME
Legal and General Stakeholder Pension Scheme (Stakeholder Pensions)
        
Legal and General Stakeholder plan is a simple and tax efficient way to save for retirement. With 23 investment funds to choose from, you can be sure that you will build up your fund to provide you with a pension income when you take the benefits. You can stop, start, increase or decrease contributions and pay in single contributions at any time without penalties. As this is a stakeholder plan the annual management charge will not exceed 1.5%. Please make sure that you read the terms and conditions of this pension scheme carefully.
Location: Cardiff
Advantages:
1. Simple, low cost, tax efficient way to save for your retirement.
2. The money you pay into your Stakeholder pension is put into one or more investment funds of your choice.
3. You can stop, start, increase or decrease regular contributions, and pay in single contributions at any time without penalties.
4. Offer a choice of 23 pension investment funds, so you can select the type of investment and level of risk that suits you.
5. You can manage your pension plan online.
6. No charge to transfer the value of your pension plan to another registered pension plan.
7. You may be able to take up to 25% of your pension fund as a tax free lump sum and use the rest to provide an income.
Disadvantages:
1. Benefits can only be taken between the ages of 55 - 75.
2. There are certain limits on how much you can pay in and get tax relief on.
3. There is an Annual Management Charge. The rates of these charges reduce as your funds grow. The charge will, currently, not exceed 1.5% each year of the value of your fund.
Services:
1. You can manage your Stakeholder Pension online so that you can see how your pension investment fund is performing.
2. Statements are issued to you on the plan anniversary. They detail all account transactions made during the last year and a valuation.
3. You can pay regular contributions by direct debit on a monthly or annual basis.

Min Investments: 20
SIPP Options: No
Rate: 5,7, 9% depending on investment
Fees/Charges: Won
Fund Options: 23

Suitable For:
Under 75 year old
Conditions:
Your chosen retirement age must be at least five years away.
Restrictions:
1. Your chosen retirement age must be at least five years away.
2. You must be under 75 years old.
3 You must be a resident of the UK.
Features:
1. There are 23 Legal & General pension investment funds to choose between, ranging from index-tracking funds (which track the performance of a market or geographical region) to actively managed investment funds (where a fund manager decides what to invest in, in order to best achieve the fund's aims).
2. You can switch your investment from one fund to another, whenever you choose, free of charge.
3. You may benefit from lower charges when you apply for Legal & General's Stakeholder pension plan online. It takes just 20 to 30 minutes to complete your application
Terms and Conditions:
1. Your chosen retirement age must be at least five years away.
2. You must be a resident in the UK
        
REVIEWS
Legal and General Stakeholder Pension Scheme (Which Way To Pay - 5/3/2010)
Legal and General Stakeholder Pension Scheme is ranked 4 out of 5. Based on 1 review.

4 Star Rating

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