Stakeholder Pension Schemes

Stakeholder Pensions have been available since April 2001 and they work in essentially the same way as Personal Pensions. The Government has set a number of minimum standards which must be adhered to:

  • The pension must provide an income for retirement using a minimum of 75% of the fund. The remaining 25% can be taken as a tax-free lump sum
  • Since 2005, the maximum annual charge is 1.5% of the fund value each year for the first 10 years, then 1% thereafter
  • The minimum contribution is £20 per month, however you can stop payments at any time
  • The plans have no entry or exit penalties
  • If you do not choose a fund, your money will be invested in a ‘default investment fund’.

Both Personal Pensions and Stakeholder Pensions benefit from basic rate tax relief. As a practical example, for every £100 you want to save, you only pay £80. The remaining £20 is added by HMRC.

There are limits to the amount you can contribute in any one year as well as an annual allowance but our pensions experts will walk you through everything you need to know.

For more information about Jeffreys Henry Financial’s range of Pension options, please call 020 7371 5244 or email info@jeffreyshenryfinancial.co.uk

Contact Us

Jeffreys Henry Financial Services
5-7 Cranwood Street

Tel: 020 7371 5244
Fax: 020 8371 3112
E: info@jeffreyshenryfinancial.co.uk


Jeffreys Henry Financial Services Limited is an appointed representative of Vintage Wealth Management Limited which is authorised and regulated by the Financial Conduct Authority. Number 593380.  Incorporated in England and Wales.  Company number 03824520.  Registered Office: 5-7 Cranwood Street, London, EC1V 9EE. Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.

Home | About Us | Contact Us | Latest News | Site Map


Tel: 020 7371 5244
Fax: 020 8371 3112
E: info@jeffreyshenryfinancial.co.uk