How does the PMAS Stakeholder Pension work?
The money you invest is pooled with that of other investors and buys units in the stakeholder pension fund. At any time, the value of your personal fund is the number of units you hold multiplied by the unit price. The value of your plan depends on the value of the investments we’ve made and it can go up and down in value. Five years before the date you’ve chosen to start receiving your PMAS Stakeholder Pension, we’ll start lifestyling it. This means we gradually move your contributions and existing funds into a lower-risk (but lower reward) fund, which means what you’ve earned so far in the fund is more secure. There are no guarantees, however, with any investment. When you take your benefits, you can take up to a quarter of your fund as a lump sum. The rest is then used to buy an annuity – a regular income – the amount of which will depend on how old you are, among other factors. You can claim your pension at any time between 55 and 75. You don’t need to retire from work to start cla
