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Tax relief on contributions at your highest marginal rate |
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A money purchase scheme |
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Minimum contribution not more than £20 |
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Everyone is eligible unless they are already a member of an occupational scheme and earning more than £30,000 pa or a company director. |
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You can pay up to £3,600 pa gross into a plan irrespective of earnings. |
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It may be possible to pay more than the £3,600 limit into a plan, provided any sum over this is justifiable under existing personal pension contribution limits. |
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A single annual management charge of not more than 1% taken from the fund. there must be no up front charges |
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You are free (no charges or penalties) to:
Stop, increase, decrease and restart your pension contributions at any time
Transfer your money to another stakeholder scheme. |
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All plans will have a default investment choice, this is meant to help make buying a pension easier, it doesn’t mean the fund will necessarily be the right one for you. Seek advice! |
