Stakeholder pensions

Stakeholder pensions are another way to save for your retirement.

Stakeholder pensions are low-charge pensions, meant for people who currently do not have access to an occupational pension or a good-value personal pension to save for their retirement. Whether a stakeholder pension is the best choice for you will depend on your particular circumstances. You might want to consider a stakeholder pension if you are a moderate earner. Stakeholder pensions may also interest you if you are a lower earner or you do not have an income of your own but can afford to save for a pension. If you are self-employed, a stakeholder pension could also be the right option for you.

You should compare stakeholder pensions with the other pension options available so you can make an informed decision about which option is best for you. But remember, if your employer runs an occupational scheme, it will normally be a better deal for you than any pension you take out yourself.

A stakeholder pension may be a good option for you if your employer will contribute to it, on top of the money you pay in.

If you are not sure what to do about your pension, you may want to get more help. For more information on stakeholder pensions, please see Stakeholder pensions – Your guide (PM8). Click here for details about how you can get a copy of this guide.

A list of organisations that can give you help and information is shown here. You may also get information from your employer or union (if you belong to one).