Stakeholder pension

You can make sure you enjoy the retirement you deserve by investing in a pension. If you're looking for a way to save that's flexible, tax efficient and relatively straightforward, it may be worth considering a Stakeholder pension.

This is a Personal Pension Plan (PPP) that meets certain government standards, including the opportunity to start contributions for as little as £20. Payments may be one-off, regular or annual, and can be changed, stopped and re-started with no penalty fees. Annual management charges are also capped.

Within the plan it's possible to choose from a selection of investment funds to match your investment objectives and the level of investment risk that you are prepared to take.

As with other PPPs you don't have to be in employment to have one. So it's possible to contribute to a Stakeholder pension for your partner, or children.

Your Barclays Financial Planning Manager can explain pension plans in more detail. Just book an appointment to get a clear idea of what's available.

• Important Information

  What you get back at retirement from a personal pension will depend on the investment performance of the underlying assets, and the annuity rates applicable at the time that you take your pension benefits. The value of investments can fall as well as rise. Returns are not guaranteed and you may not get back what you originally invested. The favourable tax treatment of pensions may change at any time in the future. The value of tax relief will depend upon your personal financial circumstances. Annuity rates may fall or rise. If they fall, the pension you buy at later date may be smaller. You must take a tax-free lump sum before your 75th birthday or will looe this option. Any income you withdraw will be taxed as earned income. You can't access your money in your pension until reach the age of 50 going up to 55 in 2010.

With Barclays Financial Planning you get:

• Access to pension providers that have met our rigorous selection criteria.
• A selection of Stakeholder pensions to choose from.
• Free switching to different funds within a pension plan.

For more information call 0800 587 2024 to book an appointment or request a call back.