Pensions

Think about the income and lifestyle that you enjoy today and ask yourself how you will maintain this when you retire?

For a single pensioner the state guaranteed minimum income is currently £130.00* per week. This is a reduction of over 70% on the average take home pay in the UK**. If you want to make the most of your retirement, you may need to take control of your own retirement planning with a Stakeholder Pension.

A stakeholder pension is available to all UK residents whether:

• Employed (regardless of whether you are in a company scheme or not)
• Self employed
• Not in employment
• Parents or grandparents can even contribute for their children

With a Stakeholder Pension, you can:

• Make single or regular payments from just £20
• Enjoy tax relief of up to 40% on all your payments (higher rate tax payers must claim additional relief through their tax return)
• Take up to 25% of your pension fund as a cash lump sum
• Take your pension benefits at any time between the ages of 55 and 75 (50 if you take your benefits before 6 April 2010)