Flexible Retirement Plan (with SIPP options)
Features
Minimum initial payment £5,000 |
Minimum monthly payment £100 |
Tax-free cash lump sum |
Regular (taxable) income |
Income Drawdown option |
Wide range of investments |
Access to the Self-Invested Personal Pension (SIPP) option |
Lifestyle switching |
Benefits for your dependants |
Your Flexible Retirement Plan is designed to help you save towards your retirement in a tax-efficient* way.
It offers a range of retirement and investment planning solutions for your changing needs, including a SIPP (self-invested personal pension) option for more control over your investments.
If you need to let us know about your change of name or address, please contact us on 0845 640 3000, send us a secure
To make any other changes to your plan please contact your financial adviser.
Features of your Flexible Retirement Plan
- Make flexible payments.
- Wide range of investments to choose from.
- SIPP options - if you invest in our SIPP options (self-invested personal pension) you have an even greater choice of investments through our SIPP fund range. The SIPP option can be switched off at any time so you pay only for what you use.
- Income Drawdown option - this allows you to draw an income direct from your pension fund until you are ready to buy your pension annuity.
- Choice of how to take benefits - flexibility of phased retirement from pension to annuity or income drawdown.
- Tax relief* - saving in a pension plan is tax efficient, and you can take a tax-free cash lump sum on retirement. Read more about tax benefits. Note that pensions in payment are taxed as earned income.
- Lifestyle switching option - this aims to provide long-term growth with automatic switching into funds with lower risk profiles as retirement approaches.
Review your Flexible Retirement Plan
- To stop or start payments or make any changes to your Flexible Retirement Plan speak to your financial adviser.
- If you need to let us know about your change of name or address, please contact us on 0845 640 3000, send us a secure online message, or write to us at Customer Service Centre, Prudential, Stirling, FK9 4UE.
- You can send us a secure message online to request a valuation.
Read more
FRP/SIPP Key Features (pdf 195k)FRP Fund Guide (pdf 151k)
FRP Questions and Answers (1627k)
FRP Technical Guide (pdf 623k)
Terms and Conditions (pdf 623k)
*The above is based on our understanding, as at 6 April 2010, of current taxation, legislation and HM Revenue & Customs practice, all of which are liable to change without notice. The impact of taxation (and any tax relief depends on individual circumstances).
