PMAS Stakeholder Pension
A stakeholder pension offers you a low-cost
way to save for your retirement. It can sit alongside your existing
pension, and you can start saving from as little as £20.
- You’ll get tax-relief on your payments
(tax-relief may be subject to change in the future)
- When you choose to receive your pension you
can take a quarter of your fund as a tax-free lump sum and convert
the rest of your fund to provide a regular income
- You don't need to be retired to take your
benefits. You can take them from age 55 (the minimum age is 50
until 5 April 2010)
- Save on behalf of your partner or child –
whether they work or not
Stakeholder pensions need to meet certain
Government requirements including limits on how much we can charge,
the minimum amounts you can add, and so on. Our yearly charge is
only 1% of the value of your fund, less than the 1.5% the
Government allows us to charge.
How to apply
If you’re not sure if a stakeholder pension is
right for you, you can download some decision
trees - developed by the FSA, the financial
services watchdog - and follow the easy steps to help you make up
your mind.
Before applying make sure you’ve read the
product information and the
key features pages, and you
have National Insurance number and bank details to hand.
You can:
The application should take no more than ten
minutes to complete.