Stakeholder Pensions are the first rung on the private pensions ladder - the minimum recommended over and above the State's first and second pensions.

They are aimed at people who earn between £9,500 and £21,500 a year and who are not already in a company pension scheme.

Stakeholder Pensions are designed to be simple, flexible and affordable - but they still may not be enough to fund your retirement.

Most employers are required by law to offer their employees access to Stakeholder Pension schemes (although some firms will be exempt).

Under Stakeholder Pension rules:

management charges each year must not exceed 1.5% for the first 10 years (from April 6 2005). This will reduce to 1% from then onwards if members remain in the scheme
members must not be charged to transfer in or out of Stakeholder schemes
all Stakeholder Pension schemes must accept contributions of £20 or more, though some may accept lower payments
Stakeholder Pension schemes must be run in the interests of their members.

For jargon-free independent advice about stakeholder pensions, call us on 01202 312288 or email us


	Burgess & Lee Ltd, 4 Stratfield Saye, 20-22 Wellington Road, Bournemouth. BH8 8JN Tel: 01202 312288

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