Personal Stakeholder Pensions
Personal Stakeholder Pensions awre designed by the UK government to be flexible, low cost and tax effective retirement savings plans. The maximum annual management fee is 1% (or below) of the value of your plan - with no set-up or other charges. You can stop and start contributions as you wish and if you are unhappy with one Stakeholder provider, you can transfer to another without financial loss and with no additional charge. Personal Stakeholder Pensions are designed for people earning between £9,500 and £21,600 a year and who dont b a compaelong to a company pension scheme. And although they are not compulsory, people falling in the target group are advised to take one out.
