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.

• Provides an 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 minimum contribution
• Choice of a wide range of pension funds
• Flexibility to switch to lower risk investments when approaching the time your child wishes to take their benefits.
• No initial or exit charges and a competitive yearly management charge, reducing after 10 years
• No penalty charge for transferring your pension to or from another provider
• A Stakeholder Pension Plan is a stock market-based investment. While your child enjoys the potential for good returns, they may get back less than you originally invested
• Flexible - 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

To apply for a Stakeholder Pension Plan for under 18's book an appointment with a Personal Financial Adviser who can advise on our own products. You can book an appointment online or call 0845 600 0845 (Lines are open 8am - 6pm Mon - Fri and 8am - 3pm on Sat).