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Stakeholder Pensions

  1. Overview
  2. In detail
  3. Illustration
  4. FAQs
  5. Apply
  6. Call back

Stakeholder Pension overview

A Stakeholder Pension plan is designed to build up a sum of money in a tax-efficient way, to support you in retirement. As long as you are a UK resident you can start building up a private pension through our Stakeholder Pension plan to help give you a more secure and comfortable retirement.

Features & Benefits

  • Start from as little as £20
  • 1% Annual Management Charge
  • Get tax relief* at your highest rate on your payments (subject to HM Revenue & Customs limits)
  • Stop, restart or change your payments without charge
  • Take benefits, including pension encashments, from age 55
  • Fully portable, you can still contribute if you move jobs or your employment status changes
  • Access to online features to check your pension pot and fund performance.

* If you are a Scottish taxpayer, the tax relief you will be entitled to will be at the Scottish Rate of income tax, which may be different from the rest of the UK in the future.


  • You need to be a UK resident
  • You must normally be resident in the UK
  • You must be under age 75
  • Minimum age for online applications is 18, or 16 if you are employed
  • You can be an employee or self-employed
  • You can be already retired
  • Children, grandchildren and non-earners can have a stakeholder pension
  • You can apply even if you’re already a member of an employer’s scheme, or hold a personal pension.

Pensions are a long-term investment. The retirement benefits you receive from your pension plan will depend upon a number of factors including the value of the plan when you decide to take your benefits, which isn't guaranteed and can go down as well as up and could fall below the amount paid in.

Stakeholder pension in detail