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SCOTTISH WIDOWS RETIREMENT ACCOUNT
Scottish Widows Retirement Account (Personal Pensions)
        
Scottish Widows Pension helps to build up a sum of money in a tax efficient way which will be used to provide you with an income when you retire. Scottish widows have dealt with pensions for decades in the UK and have excellent experience. Please make sure that you read the terms and conditions of this pension scheme carefully before you invest with this pension scheme to ensure that your understand the process. Pension schemes can be complicated and if you are having any trouble it is worth seeking independent financial advice.
Location: UK
Advantages:
1. Stop, restart or change payments currently without charges.
2. Get tax relief at your highest rate on your payments (subject to HM Revenue & Customs limits)
3. You can transfer the value of your plan to an employer’s scheme currently without charge. 4. You can also transfer to other registered pension schemes.
Disadvantages:
1. Annual charges are not displayed on the website.
2. The value of your fund can go up as well as down.
3. What you get back is not guaranteed.
4. If you change your mind within 30 days of receiving your cancellation notice and the value of your plan has fallen, the amount returned may be less than was invested.
Services:
1. Check you pension online.

Min Investments: £100 a month
SIPP Options: No
Rate: Dependent on product.
Fees/Charges: Wide range of annual charges
Fund Options: Over 100

Suitable For:
UK residents.
Conditions:
Must be resident in the UK.
Restrictions:
1. Government rules limit tax relief to payments that do not exceed 100% of your relevant UK earnings, or £3,600 if higher, in each tax year.
Features:
1. Payments are used to buy units in the investment funds you choose. They work out the value of you plan based on the total number of units you have in each fund.
Terms and Conditions:
1. Start from £100 a month or £2000 single payment gross
        
REVIEWS
Scottish Widows Retirement Account (Which Way To Pay - 5/3/2010)
Scottish Widows Retirement Account is ranked 3 out of 5. Based on 1 review.

3 Star Rating

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