( more) - A low cost, flexible type of pension. These meet strict government guidelines, on access, charges and terms.
The name given to the new personal pension, introduced by the Government in April 2001. These are low cost contracts permitting contributions of up to £3,600 pa without the need for earnings. Those who do earn can pay the same amount as presently permitted under personal pension plans if higher. Certain individuals in existing employer's schemes will also be allowed to contribute at the same time into these plans. back
A simple, flexible and low cost pension. The low charges and product simplicity should make retirement planning more attractive and easier for many people. Individuals will normally be able to take the pension benefits built up from a Stakeholder Pension in addition to State Pension and other pension benefits.
A personal pension that qualifies for Stakeholder status by satisfying the set requirements of charges and surrender values etc.(see stakeholder pensions).
a flexible and tax- efficient way of planning your retirement
a form of personal pension that has to meet certain criteria set by the government to ensure that it is flexible and good value for money
a low-cost pension that has to meet certain standards and conditions that have been laid down by the government
a low cost, portable pension, which is designed to be simple to understand and easy to access
a more tightly regulated personal pension plan particularly over charging levels
a new and as yet undefined pension
a personal pension that meets certain government guidelines on charges and surrender values
a simple, low-cost, flexible pension plan
a special kind of personal pension that meets certain minimum standards apropos charges, access, flexibility, service and governance
a special type of personal pension that meets minimum
a type of low-charge pension
a type of low-cost pension, designed to ensure that moderate earners have access to private pension provisions
a type of personal pension that is available to everyone and is subject to certain rules to ensure that it is flexible and value for money
a type of personal pension that must meet minimum government standards
a type of personal pension which meets standards set by the government
A new form of personal pension, available from 1st April 2001 to everyone under the age of 75 (even children). It is not necessary to have any earnings to contribute. Even those in an occupational pension scheme can contribute, providing they earn less than £30,000 a year. The annual management charge must be no more than 1% of the member's fund, and additional charges for services such as advice must be optional and clearly identified.
Pension introduced in 2001 that is low in cost and was introduced to try and encourage/assist people on lower income to save for their futures.
A type of personal investment for pension purposes with charges etc limited by government regulation.
A simple, low-cost alternative to many of the private and occupational pension options on the market. Aimed at people with low incomes.
This is the type of pension introduced by the Government in 2001 In an attempt to make it easier for individuals to save for their future. Stakeholder pensions are cheap & flexible.
A personal pension plan that is low a charge pension. They can be purchased from insurance companies or banks. Employers may also offer this type of pension plan.
These are low cost pensions that have to adhere to government rules on charges, access and terms.
A personal pension product which complies with regulations that limit charges and allows individuals flexibility about contributions.
The Government has announced plans for the stakeholder pension which is a type of personal pension. There will be a rebate which will reduce the employee's national insurance contributions and the rebate will be invested in the stakeholder pension.
The name given to the new personal pension, which will be introduced by the government in two years' time. The details are not yet finalised, but it promises to be one of the biggest shake-ups of the pensions industry for years.
A private pension scheme introduced in April 2001. Following Government standards, Stakeholder providers can only charge 1% for managing your money. Minimum contributions into the pension are £20 and you can make payments whenever you choose.
Launched in 2001 and unlike a normal personal or occupational pension, the Stakeholder is also available to people who are not currently working including children. You can contribute up to £3,600 per year regardless of your age or earnings. You can invest as little as £20 and charges must be no more than 1% per year.
Stakeholder pensions (which are similar to personal pension plans) were introduced from 6 April 2001 to give everyone the opportunity to provide for their retirement. For added protection, the Government laid down minimum standards to ensure that all Stakeholder pensions met the same basic criteria for payments, costs and terms. For example: Stakeholder pensions cannot charge more than 1.5% a year of your fund value for the first 10 years. It is then capped at 1% thereafter. Savers must be able to start, stop, increase and reduce payments without penalty. The minimum payment is £20.