Stakeholder Pension

Here are some of the features of our Stakeholder Pension plan.

Here are some of the facts you need to know about our Stakeholder Pension plan.

Criteria	Min/Max	Details	Notes
Age Limits	Min age	None	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.
Age Limits	Max age	74	Benefits must be taken by age 75 from an Aviva Stakeholder Pension.
Term	Min term	None	Restricted commission options are available for policies with less than a 1 year term
Payment Limits	Min payment	£20
	Min automatic annual increase	3%
	Max automatic annual increase	15%

Here are the commission and charges for our Stakeholder Pension plan. For further information, view the Stakeholder pension commission choices (pdf)

Type of charge	Charge	Notes
Annual fund charge	1% max
Large fund rebate	0.1% max	The amount rebated depends on the fund’s value.

Commission Type	Amount %	Annual Fund Charge (AFC)	Minimum Term
Initial Commission (LAUTRO + uplift)	24.00%	1.00%	1 year
	21.36%	0.95%
	18.72%	0.90%
	16.08%	0.85%
	13.44%	0.80%
	10.80%	0.75%
	8.16%	0.70%
	5.52%	0.65%
	2.88%	0.60%
Nil Commission	Nil	0.55%	0 years
Initial + 0.2% Fund Based Commission	13.44% LAUTRO+ uplift	1.00%	1 year
Fund BasedCommission Only	0.05%	0.60%	0 years
	0.10%	0.65%
	0.15%	0.70%
	0.20%	0.75%
	0.25%	0.80%
	0.30%	0.85%
	0.35%	0.90%
	0.40%	0.95%
	0.45%	1.00%
Level Commission (Premium Payment)	0.24%	0.60%	1 year
	0.46%	0.65%
	0.68%	0.70%
	0.90%	0.75%
	1.12%	0.80%
	1.34%	0.85%
	1.56%	0.90%
	1.78%	0.95%
	2.00%	1.00%

A term factor will be applied to plans where initial (LAUTRO) commission is taken.

Commission Type	Amount %	Annual Fund Charge (AFC)	Minimum Term
Percentage Payment (+uplift)	4.00%	1.00%	7 years
	3.56%	0.95%
	3.12%	0.90%
	2.68%	0.85%
	2.24%	0.80%
	1.80%	0.75%
	1.36%	0.70%
	0.92%	0.65%
	0.48%	0.60%
No Commission	None	0.55%	0 years
Percentage Payment with 0.2% Fund Based Commission (+uplift)	2.24% LAUTRO + uplift	1.00%	7 years
Fund Based CommissionOnly	0.05%	0.60%	0 years
	0.10%	0.65%
	0.15%	0.70%
	0.20%	0.75%
	0.25%	0.80%
	0.30%	0.85%
	0.35%	0.90%
	0.40%	0.95%
	0.45%	1.00%

An age factor will be applied to plans where initial (LAUTRO) commission is taken.

Here is some information to help you to decide if our Stakeholder Pension plan is right for your client.

Designed for employees who	Not designed for employees who
Want to start a pension with a small amount Want to pay 1% or less of their fund’s value in charges each year Want the flexibility to stop, start or change their payments as often as they like with no penalties Want tax relief on their pension payments. Future basis and rates of tax may vary. The tax relief payments available will depend on your clients personal circumstances Are a permanent UK resident.	Want a wide choice of funds to invest in that’s not restricted by the level of charges made Are looking for maximum flexibility with their options at retirement, such as the ability to take pension fund withdrawals while continuing to invest their fund May need to access their money before retirement. Never want to risk their investment falling in value.The value of their pension fund can go down as well as up and what they get back is not guaranteed. The value of their pension fund when they come to take benefits may be less than has been paid into it.
Existing pension scheme arrangements Required range of fund choices Attitude to risk.	Personal Pension Income Drawdown Other forms of non-pension savings and investments.

Designed for employees who

Not designed for employees who

Want to start a pension with a small amount
Want to pay 1% or less of their fund’s value in charges each year
Want the flexibility to stop, start or change their payments as often as they like with no penalties
Want tax relief on their pension payments. Future basis and rates of tax may vary. The tax relief payments available will depend on your clients personal circumstances
Are a permanent UK resident.

Want a wide choice of funds to invest in that’s not restricted by the level of charges made
Are looking for maximum flexibility with their options at retirement, such as the ability to take pension fund withdrawals while continuing to invest their fund
May need to access their money before retirement.
Never want to risk their investment falling in value.The value of their pension fund can go down as well as up and what they get back is not guaranteed. The value of their pension fund when they come to take benefits may be less than has been paid into it.

Key considerations

Possible alternatives

Here are some examples of the support we offer you and your clients on our Stakeholder Pension plan

You can quote and apply online for our Stakeholder Pension, track submitted business and make plan enquiries through our Secure Services.

Our Salary Exchange Calculators offers a way to set up pension payments that can allow both employers and their employees to make a saving.

We have a wide range of support staff available to help you, view our contact details to find the telephone number which meets your needs.

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