Personal Stakeholder Pension

Provided you live in the UK and are under 75 anyone can take out a Stakeholder Pension. You can be employed, self-employed or unemployed. You can save as much as you like, but the government will only give you tax relief up to £3600 or the level of your UK annual earnings if greater. In most cases you'll be able to take up to a quarter of your pension fund as a tax free lump sum at 75.

Retirement might seem a long way off but it is never too early to start planning your pension. It is possible that you may spend as much of your life retired as you do working. According to the department for work and pensions in December 2009 there were over 12,000 people in the UK over the age of 100 which is estimated to reach to 280,000 by 2050. With the right planning you can live for today as well as tomorrow!

At Carver Financial Services we can review any present stakeholder and pension policies you may have and advise you on any new policies you should consider. We can search the market for a competitive policy and being independent we have access to a vast range of pension policies.