STAKEHOLDER PENSION PLAN FOR UNDER 18's

Help towards your child’s future today. As his or her legal guardian you could invest on their behalf in our Stakeholder Pension Plan for under 18’s providing an income for them in the future.

Once the plan is set up, anyone can contribute – even the taxman helps out, for every £80 paid into the plan, the Government will add an extra £20 (up to certain limits).

Ownership of the plan will switch to the child when they turn 18 and funds come available when they reach 55. They have the option to take pension benefits and consider the option to take a tax-free cash lump sum. Please remember, tax rules may change in the future.

• Income with the option to currently take up to 25% as a tax-free cash lump sum (or 25% of lifetime allowance – whichever is lower), although this will reduce your child’s final fund value
• No upfront charges and a yearly management charge of just 1.45% (reducing to 1% after 10 years)
• A wide range of investment funds
• A Stakeholder Pension Plan is a stock market based investment. While you enjoy the potential for good returns, your child may get back less than you originally invested
• No minimum contribution level
• Stop and start contributions whenever you like

What funds are available for this Investment?
See them in more detail on our Fund Selector

Explore your attitude to risk
Decide whether you wish to be cautious, adventurous, orsomething in between with our attitude to risk tool

How much do I need to invest?
Use our pensions calculator to help work out your payments.

Useful Links
Common Stakeholder Pension Enquiries
Transfer a pension from another provider

Before making an application you should read the following important documents to ensure you fully understand the product choice you are making.

Key Features of the Stakeholder Pension Plan (PDF New Window)

Plan Conditions of the Stakeholder Pension Plan (PDF New Window) 

www.moneymadeclear.fsa.gov.uk/trees

Information about our services and costs (PDF New Window)

For details of PDF software please read our Accessibility page

Once you have read these documents, go to the Apply Now section

You’re now ready to complete your Stakeholder Pension Plan For Under 18’s application.

It won’t take long. Applying is very simple, totally secure, and you’ll be finished in a matter of minutes.

What’s more, you can use your existing Halifax online bank account.
You will need the following details:

• Your bank account details
• National Insurance Number for children over 16
• Which funds you wish to invest in or if you’d prefer the Lifestyle option (see the Key Features document (PDF New Window) for details of the Lifestyle option)
• The gross annual earnings of the child, if any
• How much you wish to contribute by lump sum and/or regular payment
• Beneficiaries (these are optional and can be changed by the child once he or she reaches 18)

Please note that contributions received after 12 noon (unit valuation point) will receive the following working day’s unit prices.

If you would rather apply over the telephone, call us on 0870 901 0137*