• Basic pension system
• When can I retire?
• State pension
• Company pension
• Private pension
• Self invested personal pension
• Planning a retirement
• State second pension
• Pension in case of divorce
• Stakeholder pension

A stakeholder pension are usually secure and low cost pension plan for private individual with options to choose and personalize the scheme. This kind of pension exists in the Uk since the introduction in 2001, the basic aim of it it to popularize savings among people and plan for long term. They are available for everyone, but must correpond with the regulations by the state, which are a contribution of 1,5% of a minimum annual charge for the fund, which decreases to 1% after the tenth year of contributing.

Monthly contributions should be £20 minimum, which is also the starting amount needed to apply for the scheme. A maximum of 25% of the total money in the fund could be taken as a lump sum payment.

After the pensioner reached the age of 50 benefits are available from the fund(maximum starting age is 75), however the limit will be extended to the age of 55 by 2010.

Stakeholder pension is usually more attractive than regular savings plans, because of its more profit oriented savings mechanism and the low payments, which is a primarily aspect for workers with above average and average salaries. The aim of this pension is to encourage investing in pension plans for this target group.