Prudential Personal Pension
The Prudential Personal Pension is no longer available for new customers, but existing customers are able to stop, restart and increase payments, as well as transfer pensions into this plan.
Existing customers are also able to switch funds at any time, for which there is currently no switching charge. However, a Market Value Reduction may be applied to any switch out of the With-Profits Fund. Note that as a result of this the fund value might be reduced. Please see the fund guide for further information.
If you are a customer that has stopped paying into your pension, and are now in a position to start contributing again, or if you are already contributing regularly to your Prudential pension but would like to increase your payments, there are significant benefits in doing so. The sooner you boost your pension pot, the longer your money will have to grow, and you'll also get tax relief on your contributions.
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.
*This is based on our understanding, as at April 2015, of current taxation, legislation and HM Revenue & Customs practice, all of which is liable to change without notice. The impact of taxation (and any tax relief) depends on individual circumstances.