We use cookies to give you the best possible online experience. By clicking Close you indicate that you are happy for your web browser to receive all cookies from our website including cookies that are linked to your personally identifiable information. See our cookie policy for more information on cookies and how to manage them.

  Stakeholder Pension

The simple way for your clients to start a pension, with low monthly payments and low charges.

The value of the stakeholder pension can go down as well as up and could be less than invested.

The Stakeholder Pension could be the ideal entry into retirement planning for clients who want to make low monthly payments and pay low charges.

8 reasons to choose the Stakeholder Pension


  • Payment from as little as £20 (at any time).
  • Charges as low as 0.55% per annum and reduced when the fund value is £50,000 or greater. Some funds will have additional charges, please see our Fund Centre.  The maximum total charges will not exceed 1% per year.
  • Clients can stop, start or change their payments as often as they like.
  • It’s a tax-efficient way for your client to save for retirement.
  • A variety of pension funds you can match to your client’s attitude to risk, including investments in money markets, bonds, shares and property.
  • Ability to switch funds as your client’s circumstances change.
  • For people who are employed, self-employed or un-employed.
  • Clients can pay into a plan on behalf of their children or grandchildren.

Read the Stakeholder Pension key features

Figures at a glance


Criteria

Min/max

Detail

Notes

Age limits

Min age

0

Parents can set up a Stakeholder Pension for children aged under 18. Either the parent, or a third party (such as a grandparent) could pay into it.

Max age

74

Must take benefits from an Aviva Stakeholder Pension by age 75.

Term

Min term

1 month


Payment limits

Min payment

£20

Min automatic annual increase

3%

Automatic increase will be at the Average Weekly Earnings index, with a minimum of

3% and a maximum of 15%.


Max automatic annual increase

15%


Charges


Type of charge

Charge

Notes

Annual fund charge

0.55% per annum

The percentage shown is the annual total.  This charge is taken on a monthly basis, by cancellation of units from the individual plan.

Large fund rebate

0.1% max

Reduces the amount of the Annual Fund Charge.  The amount of the discount depends on the value of the Stakeholder Pension. Please see the table below.

Additional yearly charge

% variable 

 

Some funds have an additional yearly charge – the amount will vary by fund, but the maximum total yearly charges will not exceed 1% per year.


Charging structure


Fund Size

Discount each year

Annual fund charge after discount

£0 - £49,999

0.00%

0.55%

£50,000 - £99,999

0.05%

0.50%

£100,000 and over

0.10%

0.45%


  Who is the Stakeholder Pension suitable for?


  • Clients who want to start a pension plan with a small amount.
  • Clients who want to pay 0.55% or less of their fund’s value in charges each year.
  • Clients who want the flexibility to stop, start or change their payments as often as they like with no penalties.
  • Clients who qualify for tax relief on their pension payments. (Future basis and rates of tax may vary. Tax relief depend on individual circumstances.)
  • Clients under 75 years of age.
  • Clients who are permanent UK residents.

Other considerations


You may also want to take these points into consideration:

  • Existing pension scheme arrangements
  • Required range of fund choices
  • State benefits
  • Attitude to risk

  Helping you carry out your daily business


We’ve got plenty of online support for you as you run your day-to-day business.
You can log onto Aviva for Advisers and:

  • get policy information, including valuations
  • create client reports and perform portfolio analysis
  • identify suitable funds for client switching
  • perform online fund switches without a wet signature
  • view copies of client documents
Online Services
Secure services Fund Centre Salary exchange
calculator
Document library

New business

  • Make plan enquiries
  • Download case details for your records

My Clients

  • Policy overview, including start dates payment details
  • Fund valuation
  • Transaction history showing payments and charges
  • Switch and redirect funds online
  • See your client’s policy documents online
  • Access fund prices, performance and risk ratings
  • Compare and chart performance at fund, index and sector level using the charting tool
  • See external fund ratings from OBSR, S&P and Crown
  • Search using industry standard fund codes: Sedol, Citicode and ISIN
  • Extract fund details and performance data into a CSV file compatible with Excel
  • Access all day, every day
  • Easy-to-use calculator helps you show your client how salary exchange could save them money
  • Produce personalised reports explaining how your client is affected by salary exchange
  • Before and after scenarios to highlight the benefits for employees and employers
  • Produce letters for employees to sign their agreement to salary exchange

Download literature any time:

  • brochures
  • key features
  • sales aids
  • application forms
  • servicing forms
  • business building support
Visit our secure services Visit our Fund Centre Visit our salary exchange calculator Visit our document library

 

Contact us

You can find contact details for each product area in the drop-down list:

Back to top

WA04050