Flexible Retirement Plan (with SIPP options)

The 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 SIPP (self-invested personal pension) options for more control over your investments.

Average life-expectancy is increasing so saving in a pension is a prudent way of helping to fund the lifestyle you want in retirement.

Why save in a Flexible Retirement Plan with Prudential?

• Make flexible payments - regular or one-off payments or a combination of both. Invest as little as £100 each month or a £5,000 initial contribution.
• Wide range of investments to choose from - including our Prudential multi-asset funds, the PruSelect range - selected by independent research company Old Broad Street Research, the Additional Fund Choice range, portfolio options and lifestyle options to help you manage risk.
• 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. You can choose from over 1,300 funds through the Cofunds supermarket with our lower cost FundSIPP (up to 20 funds) or the full range of investments through the Full SIPP. The SIPP option can be switched on or off at any time so you pay only for what you use.
  
  Read more about the SIPP option or our FRP Fund Guide for more on the funds offered under the plan. Bear in mind that the value of your investment may go down as well as up and you may not get back your original investment.
  
• Income Drawdown option - this allows you to draw an income direct from your pension fund until you are ready to buy your pension annuity.

Take action

Read the key features and speak to a financial adviser to find out about, or start, our Flexible Retirement Plan.



• Find out about the SIPP options
  
• For more about pensions in general read our pensions guide.
• Choice of how to take benefits - take the whole fund as taxable income, or take part of your fund as a tax-free cash sum and the balance as a smaller taxable income. Note that any income or withdrawal taken will reduce the value of your plan.
• Tax relief* - for every £80 you invest in your pension, the government will pay an extra £20, while higher rate taxpayers can claim back a further £20 - see our tax relief calculator for more or read about the tax benefits of saving in a pension. Note that pensions in payment are taxed as earned income.
• 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. The value of your investment may fluctuate and you may not get back your original investment.

• Flexible Retirement Plan - PruFund Expected Growth Rates

  
  

  You can see the latest expected growth rates for PruFund Growth Pension Fund and PruFund Cautious Pension Fund available through our Flexible Retirement Plan in the table below.

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  Please note the following about the current rates:

  • The rates are effective from 25 February 2010 to 24 May 2010.
  • The Expected Growth Rates quoted below are shown gross of product charges.
  • They are the annualised rates which will be applied daily to increase the unit price of each fund and are set quarterly by the Prudential Directors having regard to the expected long term investment return on the assets of each fund.
  • The Expected Growth Rates set at future quarter dates are not guaranteed and may be higher, the same or lower than those applying at the start of your investment.
  • The unit price may be adjusted at the start of each quarter or, more rarely (subject to the underlying asset performance), during the quarter, which will affect any growth you receive.

  Fund	Expected Growth Rates before charges
  PruFund Growth Pension Fund	7.90% p.a.
  PruFund Cautious Pension Fund	7.50% p.a.

  Read more about expected growth rates.

Read more

FRP/SIPP Key Features (pdf 195k)
FRP Transfer Key Features (pdf 204k)
FRP Rebate Only Key Features (pdf 189k)
FRP Fund Guide (pdf 151k)
FRP Questions and Answers (1627k)
FRP Technical Guide (pdf 623k)



*This is based on our understanding, as at January 2010, of current taxation, legislation and HM Revenue and practice, all of which are liable to change without notice. The impact of taxation (and any tax relief) depends on individual circumstances.