Stakeholder Pensions

Stakeholder pensions were introduced by the Government in April 2001, in order to give the public access to simple, low charging and flexible pension products.

Windsor Life has decided not to offer its own stakeholder pension, and instead offer its Personal Pension Plan. This is because in most important respects, the Personal Pension Plan already satisfies the criteria for stakeholder pensions.

The following table shows how Windsor Life's Personal Pension Plan compares with the Government's blueprint for a stakeholder pension:

Criterion Stakeholder Pension Windsor Life Personal Pension Plan
Charges

No upfront charges

Charges no more than 1% per annum

No upfront charges

Charges are 0.95% per annum plus investment managers fees. The amount of the investment expenses varies by fund. See Key Features for full details.

Access

Tax relief on contributions up to £3600 per annum regardless of age/earnings

Minimum contribution level of £10 per month

Tax relief on contributions up to £3600 per annum regardless of age/earnings

Minimum contribution level of £10 per month
Terms

No penalties on suspending or stopping contributions

No penalties on transferring out

No penalties on suspending or stopping contributions

No penalties on transferring out

You should be aware that stakeholder pensions are available from other providers, and that they may be at least as suitable for your circumstances as a Windsor Life Personal Pension Plan.

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