Who can have a stakeholder pension?
Most people can benefit from a stakeholder pension, whether they are employed, self-employed or not employed, providing they are able to make sufficient contributions. Employed – you can contribute to a stakeholder pension even if you’re part of an occupational (company) pension scheme. It’s a good way to boost your retirement income Self-employed – a stakeholder pension could be particularly suitable for someone who is self-employed, such as a Retired Police Officer or an Officer’s partner running their own business Not employed – even if you’re not in work, you can put up to £3,600 gross (£2,880 net) into a pension per year and still receive tax relief – getting back tax you’ve not even paid Children – there’s no lower age limit to stakeholder pensions, so even children can have a plan.
