STAKEHOLDER PENSION PLAN

Our Stakeholder Pension Plan allows you to build up a sum of money in a tax-efficient way for you to use later in life. Currently you can take benefits between the ages of 50 (55 from 6th April 2010) and 75.

You don’t have to be in retirement to start taking your benefits and when you do you can take up to 25% as a tax-free cash lump sum, although this will reduce your monthly pension benefit.

The main benefit is for every £80 you put in the UK Government will add £20 (up to certain limits) and currently, if you’re a higher rate tax payer – you will benefit from even more tax relief, at an extra 20% that you can claim back through your tax return. Please remember, tax rules may change in the future.

• Income with the option to currently take up to 25% as a tax-free cash lump sum
• No upfront charges and a yearly management charge of just 1.45% (reducing to 1% after 10 years)
• Choose your own combination of investment funds. A Stakeholder Pension Plan is a stock market based investment. While you enjoy the potential for good returns, you may get back less than you originally invested
• No minimum contribution level (there is a limit to the amount that can be saved each year)
• Stop and start contributions whenever you like
• View and manage your Stakeholder Pension Plan online
• Wide range of pension funds
• No penalty charge for transferring in or out
• Flexibility to switch to lower risk investments when approaching the time you wish to take your benefit

What funds are available for this investment?
See them in more detail on our Fund Selector

Explore your attitude to risk
Decide whether you’re cautious, adventurous, or something in between with our attitude to risk tool

Useful links

Common Stakeholder Pension Enquiries
Transfer a Pension from another provider

Before making an application you should read the following important documents to ensure you fully understand the product choice you are making.

Key Features of the Stakeholder Pension Plan (PDF New WIndow)

Information about our services and costs (PDF New window)

www.moneymadeclear.fsa.gov.uk/trees 

For details of PDF software please read our Accessibility page

Once you have read these documents, go to the Apply Now section

You’re now ready to complete your Stakeholder Pension Plan application. It won’t take long.

Applying is very simple, totally secure, and you’ll be finished in a matter of minutes.

What’s more, you can use your existing Halifax online bank account.
You will need the following details:

• Your bank account details
• Your National Insurance Number

Please note that contributions received after 12 noon (unit valuation point) will receive the following working day’s unit prices.

If you would rather apply over the telephone, call us on 0870 901 0137* between 8am - 6pm Mon - Fri & 9am - 1pm Sat.