A pension plan is flexible and simple, any growth is free from capital gains tax and pays no UK income tax on income received.
It provides benefits to your beneficiaries if you die and you have choices on how to take the benefits anytime after the age of 55 (57 from 2028), whether you are still working or not.
Our Select Pension Plan also lets you start a pension for your children to help protect their financial future. It’s a simple, tax efficient way to give a child a valuable head start.
For every £80 contributed a further £20 will be added in tax relief. Invest a maximum contribution of up to £2,880 per child each tax year and HMRC will top this up with a further £720 to give an investment of £3,600. This is a long-term investment giving children a head start. And when they get into their 20s and 30s they will already have a fund they can build on.
Our Select Pension Plan can also be viewed online at My Investments where you can monitor its performance.
To find out what the annual bonus rate will be for the With-Profits Fund.