STAKEHOLDER PENSION Definition & Meaning

stakeholder pension

(in Britain) a flexible pension scheme with low charges, in which contributors can stop and restart payments and switch funds to another scheme without paying a penalty

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Examples have not been reviewed.

You may be offered an employer contribution in the future, until then look at using a stakeholder pension if you want somewhere simple to start.

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Will it be worth my while joining the firm's other stakeholder pension plan or should I just put my money into a savings account?

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The first question is whether your employer will also contribute to the stakeholder pension plan if you choose to save this way.

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If your employer does not contribute then there are still tax reasons to look favourably on a stakeholder pension.

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