Stakeholder Pension Example

This is an example of what you of what you might get from a plan at your requested retirement age.

The amounts shown are not guaranteed.

Example Plan is Shown Below

Who does the plan cover ?

You	M Burns, male, employed, non-smoker
Your age	35
Chosen retirement age	60
Current annual earning	£15

What will the payments be ?

Assured start term

5 November

Payment term

20 Years 7

Pension payments

Monthly

Transfer

payment

You pay

£50.65

Basic rate tax relief

£14.29

Total amount invested

£64.94

£2,472.48

in your plan

What might I get when I’m 60

These figures illustrate what you might get if you start taking your pension when you’re 60

The table assumes that you keep paying into the plan until your payments end.

We’ve assumed that your pension will

increase at a rate of 5% every year in payment.
be paid at the beginning of each month for a minimum of 5 years from when you retire.

	if our investments grow at	5%	7%	9%
	and our interest rates when you retire are	4%	6%	8%

Your final fund could be

£31,300

£40,800

£53,700

Which could give you either a taxable yearly pension of	£1,200	£2,000	£3,260
or a tax-free sum of	£7,820	£10,200	£13,400
plus a smaller taxable yearly pension of	£903	£1,500	£2,440


4	What are the charges
	The charges cover the cost of commission, expenses, profit, any charges if you transfer and o ther adjustments. We take all charges out of the plan in every year of the plan.
	The charges are as follows: 1% yearly charge from monthly contributions 1% yearly charge from transfer payments These annual payments will reduce by 0.05% and 0.35% once fund values exceed £10,000