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Stakeholder Pensions

Before 2001 there were vast variations in the terms and conditions offered by Personal Pensions which made comparison, and therefore choice, difficult. With the introduction of Stakeholder Pensions all policies will adhere to set minimum terms making it easier to compare like for like. Current legislation mean that:


	Stakeholder pensions charges will be lower than many former personal pensions.

	They offer attractive tax incentives, as contributions will be eligible for tax relief, as do the investment returns on the fund.

	There are no start-up charge, and the maximum charge for the funds being managed is 1% per year.

	Stakeholder pensions are very flexible, so members can stop and start payments if they need to without penalty.

	They accept transfers in from other Stakeholder schemes at any time, and there will be no additional charge to transfer to another Stakeholder provider.

	With a Stakeholder pension, members are able to continue contributions during periods of unemployment and the years spent raising a family.

	When members retire, they are able to take part of the benefit as a tax-free lump sum.

Some of the products referred to in these pages are investments of which the value can fall as well as rise. Past performance is no guarantee of the future & future values are not guaranteed. All assumptions on taxation are based on our understanding as at the date of publication. The FSA does not regulate buy to let or commercial mortgages. Written quotations available on request. Your home is at risk if you do not keep up repayments on a mortgage or other loans secured on it. While every care has been taken to ensure that the information contained in this site is relevent & up-to-date no decisions should be taken based on it without proffessional advice. No responsibility can be accepted by Bond Financial Limited for any loss occasioned by a person acting or refraining from acting on the basis of this information. The information is applicable to England & Wales only. Bond Financial Limited are authorised and regulated by the Financial Services Authority.