Cheapest Stakeholder Pensions
Below is a list of the discounted stakeholder pensions offered
by www. pensions online that you can buy on a direct offer basis
(Click on the apply now link).
The amount your pension might be worth at retirement is dependent
on how long you save for, how much you pay in, the investment performance
of the funds chosen and annuity rates at the time you retire.
To find out how much your pension might be worth at retirement
you can view a generic quote for each provider in the "Which
Funds Can I Invest In" table below.
(Please note that these discounts are offered by
www.pensions online.info by way of commission sacrifice. You are
not able to benefit from these discounts if you deal with the pension
providers direct)
Our Discounts
Which Funds Can I Invest
In?
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Note 1
Stakeholder Pensions normally have an annual management charge
of 1%. This is sometimes reduced if you have a large fund. However,
the annual management charge quoted in our table incorporates the
discounts offered by Pensions Online that are not available to you
if you choose to deal with the provider directly. So an 0.9% annual
management charge means that it you will cost you 0.9% of the total
value of your pension fund every year to have your pension investments
professionally managed by the provider chosen.
As your fund grows, if you have invested with a provider that offers
a reduction in annual management charges for large funds, this will
help to save you even more money in annual management costs over
the longer term.
For example;
if you had £10,000 invested in your pension fund with Standard
Life and the pension was set up via www.pensions online.info you
would only pay £90 a year in charges.(Please
note for the With Profits fund this is reduced to 0.7% via pensionsonline
for a fund value of up to £25,000) This discount would
last for the duration of the pension - or until you decided to switch
to another pension.
Under Standard Lifes current charging structure, once your fund
reaches £25,000 Standard life will reduce your annual management
charge (AMC) by a further 0.1% meaning that you would then only
pay £200 a year in charges for a fund valued at £25,000.
(Currently this is reduced to £150 if
you are investing in the With Profits Fund). Above £50,000
and the AMC reduces by another 0.1%.
(Please note: the annual management charge figures
quoted above for Standard Life are correct as at January 2003 but
are only designed to give you an idea of how the discounts we offer
are applied. subject to the maximum 1% cap for annual management
charges that applies to stakeholder pensions, all pension providers
reserve the right to alter their charging structures in the future
and you should check the charging structure of any pension plan
you choose to invest with at the time you apply)
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Note 2
The Discount shows how much pensions online is giving you as a
discount. The normal annual management charge is 1%. So if Money
Minder offers the annual charge at 0.90% that means they're giving
you a 10% discount on the annual management charge.
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Note 3
The Saving column gives an example of how much the discounted charges
could save over the life of a pension. The figures given assume
a monthly contribution of £200 net by a 20 year old paying
standard rate tax, retiring at 65 and with an annual growth to their
fund of 7%. to see the actual quotes used for the illustrations
click on the links below.
Please note: These figures are provided for information only. Your
own circumstances such as how long you will be investing for and
how much you invest will determine the actual savings made by investing
into a discounted stakeholder pension scheme via www.pensions online.info
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