How is our individual stakeholder plan different to the Futureproof Individual Pension Plan?

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 increase your regular contributions by as little as a £1.00 a month.

If you currently pay by direct debit 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 can make a single contribution at any time from just £20.00.

You can add transfer monies from the pension scheme of another provider at any time. The minimum single transfer we will accept is £20.00.

You can change your investment choices at any time. We offer a wide range of investments linked to the performance of stocks and shares, property, gilts, bonds and cash.

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.