Farley And Partners

Stakeholder pensions

Stakeholder pension premiums are subject to a minimum £20 investment and a 1.5% ceiling on charges for the first ten years and then 1% thereafter. Premiums of up to £3,600 before tax relief (£2,880 net) can be paid each year, regardless of earnings. Additional premiums are subject to the same rules as for personal pension policies.

Stakeholder premiums can be paid on behalf of another person – for example, by a grandparent for an infant grandchild, and are an excellent way of starting your children on a pension’s savings habit.

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