Prudential Personal Pension

Your Prudential Personal Pension offers a tax-efficient, and flexible way to help save towards your retirement.

Average life expectancy is increasing so saving in a pension - and topping it up - is a prudent way of helping to fund the lifestyle you want in retirement. Read more about the benefits of topping up.

To top up, read your plan literature and call us on 0800 316 8877 (Monday to Friday 9am to 6pm). We will help answer any queries if you don't have your literature to hand.

If you arranged your pension direct with us, through "a man from the Pru" at your door or over the phone, then you can read this key features document.

Features of a Prudential Personal Pension

• Tax-efficient saving* - the Prudential Personal Pension qualifies for tax relief, just like other pension plans, and you can take a tax-free cash lump sum on retirement. Read more about the tax benefits. Pensions in payment are taxed as earned income.
• Flexibility - you can increase, decrease or stop and start payments at any time without penalty. Note that charges will continue to be deducted.
• Competitively priced - annual charges are currently about 1% of the total fund, depending on the funds you choose. Please note that charges may vary in future.
• Expertly managed - you can choose from a range of investment funds, either managed by Prudential fund managers or carefully chosen experts within the UK. Find out more about this in your plan literature. Note that the value of your fund may fluctuate and you may not get back your original investment.
• Switch funds at any time with no switching charge. However, a Market Value Reduction may apply for investments in the With-Profits Fund, and this would have the effect of reducing your fund.
• Lifestyle options - rather than you making decisions about when to move to lower risk investments, the fund managers do it for you. They will move your money automatically to less risky investments as you near your intended retirement date.
• For those who elected to contract-out of the State Second Pension, the National Insurance 'rebates' will be held in what is called the 'Protected Rights' fund.

Review your Prudential Personal Pension

• Read your plan literature, or this key features document and fund guide (see above).
• Request a top up online or call us on 0800 316 8877 (Monday to Friday 9am-6pm) or fill in our top up form.
• For other enquiries, to take a payment break or restart paying premiums call 0845 640 2000 (Monday-Friday 9am-6pm) after which you can download the Restarting Payments form.
• For more about pensions in general read our pensions guide.

Read more

Restarting Payments Form (pdf 303k)
Nomination of Beneficiary Form (pdf 39k)
Personal Pension Key Features (pdf 114k)
Personal Pension Top up Form (pdf 76k)
Your With-Profits Plan - A Guide to how we manage the Fund (Prudential Unitised With-Profits Plans and Cash Accumulation Plans) (pdf 65k)

*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).