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STANDARD LIFE STAKEHOLDER PENSION
Standard life Stakeholder Pension (Stakeholder Pensions)
        
The Standard Life Stakeholder pension offers you a way to build up a sum of money in a tax efficient way, which will buy you a pension when you retire. How much money you get when you will retire will depend on various things, including how much you save, the performance of your funds and any payment breaks that you take.
Location: UK
Advantages:
1. You can start with as little as £20 a month (gross).
2. Receive generous tax benefits.
3. This plan can accept payments from your employer or from other third parties
4. You can take a payment holiday at any time for as long as you need.
Disadvantages:
1. Your money is locked away until you reach retirement age so you can not cash in your plan at any time.
2. You may get back less than you pay in.
3. Annuity rates when you retire could be worse than illustrated, for example, due to interest rates being lowered.
4. Your plan may invest in different types of investments, including investments based on stocks and shares, which carry different levels of risk. The value of your investment can fall as well as rise.
5. If you start the plan with a single payment and cancel during the 30 days cancellation period. You may get less back than what you paid.
6. Standard Life continue to take charges each year even if you stop making payments
Services:
1. Online Service

Min Investments: £20
SIPP Options: No
Rate: Dependent on product
Fees/Charges: 1%
Fund Options: 20

Suitable For:
UK Residents
Conditions:
Must be under 75 years old.
Restrictions:
1. The minimum retirement age is currently 50 but will increase to 55 after April 2010.
2. You can only invest in any 12 of the Standard Life funds at any one time.
3. The maximum number of different funds you can invest in during the term of your plan is 20.
Features:
1. If you start a new job you can carry on paying into your plan or transfer it to your new employer's scheme at no extra charge.
2. Standard Life organise their funds into 'hands off' ready made and 'hands on' pick your own groups, depending on how involved you would like to be in managing your funds.
Terms and Conditions:
1. Must be under 75 years old.
2. Must be a UK resident.
3. What you get at retirement age will depend on: how much you save, the performance of your chosen funds and†any payment breaks you take (stopping payments will reduce your final fund).
        
REVIEWS
Standard Life Stakeholder Pension (Which Way To Pay - 5/3/2010)
Standard Life Stakeholder Pension is ranked 3 out of 5. Based on 1 review.

3 Star Rating

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