These are new pension plans designed by the Government launched in April 2001. They are be very similar to Personal Pension Plans. There are certain changes, which allow people who aren't working to invest a reasonable amount of money with tax relief each year.
They are designed for people earning less than £18,000 per annum, but there a number of advantages to them, which needs to be compared to the alternative Personal Pension arrangements.
Charlwood Leigh can help you assess whether you need a Stakeholder Pension Plan or whether this type of plan would be appropriate for you.
If you are an employer, we can help you to organise a Stakeholder arrangement, which is a legal requirement as of October 2001. This is a new area of finance law and we would suggest that you link to our page on Stakeholder Pensions to read a more in-depth account.
There are a number of obligations which as an employer you must meet before October 2001, and you should be investigating how best to organise your Stakeholder Pensions right now, as the legislation is now clear.
Click here to find out more about Stakeholder pensions.
