Prudential Personal Pension
Features
Tax benefits |
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Payment flexibility |
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Expertly managed funds |
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Wide range of funds |
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Lifestyle options |
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Fund switching |
The Prudential Personal Pension offers a tax-efficient and flexible way to help save towards your retirement.
A personal pension is your own private fund that you can take with you from job to job. It's also ideal for self-employed people who don't have access to a company pension scheme.
Average life-expectancy is increasing so saving in a pension is a prudent way of helping to fund the lifestyle you want in retirement.
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If you already have a personal pension with us then there's an easy way to add automatic increases to your payments each year without having to dig into your savings.
>Review your Prudential Personal Pension online You can also call us on 0800 316 8877 (Mon-Fri 8am-6pm). >Use our Tax Relief Calculator to see how a small increase could make a big difference
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On top of your regular contributions, the government will give you money if you add a lump sum to your pension within HMRC limits.
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*Tax relief - subject to HMRC limits, for every £80 you invest in your personal pension, the government will pay an extra £20, while higher rate tax payers can claim back a further £20 through self-assessment - read about the tax benefits. You are also allowed to take up to 25% of your fund as tax-free cash when you retire. Note that pensions in payment are taxed as earned income.
Flexibility - you can increase, decrease or stop and start payments at any time without an additional penalty. Please note that charges will still be applied, and if you decrease or stop payments, this will impact on your benefits at retirement.
Wide range of expertly managed funds - you can choose from 18 investment funds, all managed by Prudential fund managers or carefully chosen experts within the UK. There is also a lifestyle option to help you manage investment risk as you near your selected retirement age, where your money will be automatically switched into funds with lower risk profiles. Bear in mind the value of your investment may fluctuate and you may not get back your original amount.
Switch funds at any time with 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 value of your fund might be reduced.
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.
Take action
- Read the key features and fund guide to understand the key benefits and risks of the product.
- To ask about starting a Prudential Personal Pension, restarting or increasing payments, adding a lump sum, or using our Automatic Premium Increase (API) option call
0800 316 8877
Mon-Fri 8am-6pm. - Send us a secure email.
- Read our pensions guide.
Personal Pension Key Features (pdf 114k)
Personal Pensions Fund Guide (pdf 95k)
Your With-Profits Plan - A Guide to how we manage the Fund (Prudential Unitised With-Profits Plans and Cash Accumulation Plans) (pdf 65k)
*This is based on our understanding, as at February 2011, 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.
