What is it?
Personal pension plans have been around since 1988. They’re tax-efficient savings plans available to anyone under 75.
It lets your clients:
- build up a retirement fund, tax efficiently
- provide benefits to their dependants if they die before retirement
Who’s it suitable for?
Personal pensions suit a wide range of people, whether they’re employed, self-employed or not working. It can move with them if they change jobs and they can vary the level of their contributions if their circumstances change.
Product features
Our Personal Pension Plan is flexible, so it can cope with various lifestyle changes. There are different ways of making contributions, including:
- regular monthly payments
- regular yearly payments
- single lump sums
- transfer values, including protected rights
There aren’t any penalties if contributions stop, if the plan is transferred, or if your client takes their benefits early. However, the value of your client’s pension plan could be reduced if contributions stop and benefits are taken early.
Next steps
Literature
Visit our literature library to download or order application forms, guides and other information.
Quotes
If you want a new business quote please contact us.
Existing Personal Pension Plan clients
If your client already has a Personal Pension Plan with us, visit our online services
Here you can:
- view plan information and details
- get current values and transfer values
- view transaction lists
- get projected maturity values
- switch funds
- change client details
The perfect pension mix
With our unique range of products, we can adapt to the needs of your clients.
A calculated approach to pensions
We’ve launched a range of tools to help you with pension planning.