|
We call ours the FutureProof Individual Stakeholder Plan, and it has similar features to our
FutureProof Individual Pension Plan. It’s a straightforward, low-cost way of saving for your
retirement. And, in line with the Government standards set for stakeholder pensions, the charges
are low.
So, how is this plan different to the FutureProof Individual Pension Plan?
|
It has a lower minimum initial contribution of just £20
|
|
The maximum management charge is 1.5% a year for the first 10 years.
Thereafter, the maximum charge is 1% a year.
|
So, what are the other features?
|
You can start it with a lump sum or with regular contributions
|
|
You can arrange for your contributions to increase automatically
|
|
You can stop, start, change or suspend your contributions at any time without charge. This may affect the value of your fund when you take your benefits
|
|
You have access to a wide range of investments linked to the performance of stocks and shares
|
|
100% of your contributions is always invested in the fund.
|
The value of the investment can go down as well as up as a result of market movements. You may get back less than you invested.
As a rule, you should pay as much as you can afford into a pension, and the sooner you start the better.
For more information about this plan, please speak to your financial adviser.
 |
Important note |
This information is based on our understanding of UK law and HM Revenue & Customs practice. These are subject to change in the future.
|
