Stakeholder Pension

Stakeholder Pension

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Stakeholder Pension

Stakeholder pensions were introduced in 2001 and are a type of low-cost and flexible personal pension scheme. Stakeholder pension schemes must meet certain standards set by the Government to ensure that they provide good value to their members. Providers of Stakeholder pensions can only charge a 1.5% annual management charge (for the first 10 years and 1% thereafter). The minimum contribution for a Stakeholder pension is £20 and the holder can make regular or a one-off contributions.