Stakeholder Pensions

How to gain a £792 annual gift from the Inland Revenue - Stakeholder

Stakeholder pensions have been available since April 2001 and unusually carry a significant tax credit incentive. This tax credit amount to 28.20% on each contribution made and thus, an investment of £2,808 attracts £792 tax credit equating to a £3,600 total amount invested.

This tax credit is available to most UK citizens investing into a Stakeholder pension from any age up to 75 years of age and contributions may be made by third parties. This means that parents may contribute for themselves, their children or grandchildren, and all will benefit from the tax credit.

Investors who find this attractive should consider investing sooner rather than later, as many providers are finding the low charging structures difficult to live with.
We have published a guide describing the attractions and salient features of these schemes please click below to access.

Pensions & Annuities Guide