Stakeholder Pensions

An employer of more than five full-time employees who have at least three months' service is required to offer its employees access to Stakeholder Pensions, unless it already provides a pension scheme that meets certain criteria. Stakeholder Pensions are flexible, low cost and tax-effective retirement saving plans aimed at people who are not members of a company pension scheme. Stakeholder Pensions will not be compulsory for the employee.