• Our services
• Investor accounts and services
• Pensions – Stakeholder and SIPP
• Benefits of a pension
• Stakeholder
• SIPP
• Stakeholder and SIPP compared
• Open account

Benefits of a pension

Private Pension Plan – How will you benefit?

Private Pension Plans – such as Stakeholder Pensions and SIPPs – allow you to set up a pension that provides you with an income in retirement. You can pay into a plan regularly or in a lump sum. The final value of your pension depends on the amount you have contributed and the success of the fund's investments.

Private Pensions are ideal for:

• Self-employed individuals
• People who don't work but can afford to pay into a pension
• Individuals whose employer doesn't offer a Company Pension
• Employees who wish to supplement their Company Pension

Stakeholder Pension – The benefits

Stakeholder Pensions provide a low-cost, transparent and flexible way for you to save for your retirement. There are a number of benefits associated with Stakeholder Pensions including:

• They have to meet Government standards to ensure they offer value for money, flexibility and security
• You get tax relief on contributions
• In order to save in Stakeholder Pension scheme you don't have to be working
• Charges are capped
• You can choose when to pay in to the fund, with no penalties for missed payments
• Other individuals, and your employer, can contribute to your Stakeholder Pension
• You can view your investments at-a-glance online
• Low minimum payments

SIPP – The benefits

SIPPs let you decide when and where you invest, enabling you to choose investments that suit your plans and timescales. SIPPs offer investors a wide range of benefits including:

• You get tax relief on contributions
• You can view your investments at-a-glance online
• You can get advice on your investments from in-house experts
• Because you decide where to invest you can better manage your pension

Advice about investment within pensions

If you're a customer of The Share Centre and you would like advice about which investments might best suit your pension requirements you can call our Advice team.

01296 41 41 42