Stakeholder Pension
Your stakeholder pension is a flexible and tax-efficient way of saving for 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 0845 070 3333. We will help answer any queries if you don't have your plan literature to hand.
Benefits of your stakeholder pension
- Simple - it's easy to maintain and you can keep paying in even if you change jobs, become self-employed or aren't working.
- Minimum lump sum - you can start your stakeholder pension with as little as £20.
- Maximum charge - Prudential currently applies a maximum charge of 1%. Note that charges may vary in future.
- Flexible payments - you can stop, start, increase or decrease your payments at any time without penalty. Note that charges will still be applied and deducted.
- *Tax relief - for every £80 you invest in your pension, the government will pay a further £20 - see our tax relief calculator for more. Note that pensions in payment are taxed as earned income.
- Investment choice - you can choose from a wide range of investment options, such as fixed interest securities that are lower risk, to higher risk funds investing in the shares of UK and overseas companies. Find out more by reading your plan literature. Bear in mind the value of your investment may fluctuate and you may not get back your original investment.
- Expertly managed - your funds are managed by Prudential Portfolio Management Group and external leading fund managers.
Review your stakeholder pension
- Read your plan literature and top up your plan or make changes online - Prudential Stakeholder Pension Scheme, TUC, Teachers, NHS, Civil Service or corporate stakeholder.
- Call us on 0845 070 3333 (Monday-Friday, 8.30am-6pm) or talk to your employer.
- For more pensions in general read our pensions guide.
*The above is based on our understanding, as at 6 April 2009, 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.
