Stakeholder Pension

Individual Pensions

Closed to new customers. Existing customers can still top up plans.

Key benefits

  • Online fund prices and performance.
  • Simple charges and features.
  • No charges for fund switching.
  • Minimum £20 net payment.
  • Take benefits, including pension encashments, from age 55.

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Other information

    • Minimum payment £20 net.
    • Default option Scottish Widows Consensus Fund.
    • Lifestyle Switching options.
    • Pension Investment Approaches.
    • Ability to stop, start, change payments and transfer out without charge.
    • Option to take partial or full pension encashments from age 55.
    • Option to move to a pension with more choice as your clients' needs change, such as the Retirement Account
  • To help you offer your clients the best return on their investment we have a range of funds including:

    • Scottish Widows Pension Funds
    • over 15 external fund links
    • ability to invest in up to 10 funds at any one time
    • Lifestyle Switching
    • Pension Investment Approaches.

    View fund performance, fund prices and fund factsheets

  • Annual Management Charge* (AMC)

    The AMC is the only charge and currently set depending upon whether an increment is on an advised or non-advised basis. Where no commission is taken the AMC is set at 0.73% for regular payments and 0.55% for single and transfer payments (please note the AMC will increase if the term is less than 12 years to retirement).

    Term to Selected Retirement Age AMC (Single & Transfer Payments) AMC (Regular Payments)
    12 or more years 0.55% 0.73%
    11 0.59% 0.73%
    10 0.62% 0.73%
    9 0.66% 0.73%
    8 0.69% 0.73%
    7 0.73% 0.73%
    6 0.77% 0.73%
    5 0.80% 0.73%
    4 0.84% 0.73%
    3 0.87% 0.73%
    2 0.91% 0.73%
    1 0.95% 0.73%
    Less than 1 year 1.00% 1.00%

    *The Government currently permits a maximum charge of 1.5% for the first 10 years. Scottish Widows has held the maximum charge at 1% since the launch of Stakeholder. We have the ability to change charges in the future.

    Important notice

    Please note that charges, terms and limits may change. We may change the selection of funds that we make available. There may be restrictions on the amount that can be invested in certain funds. Please contact us for details of any restrictions that apply. The value of the tax benefits of the plan depend on the individual circumstances of your client. Tax rules and your client's circumstances may change in the future. The level of income received from a pension plan will depend upon a number of factors including the value of the plan when your client decides to take their pension, which isn’t guaranteed and can go down as well as up. The value of the plan could fall below the amount(s) paid in.

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