Group Stakeholder Pension Plans
A Group Stakeholder Pension is simply a cluster of Individual Stakeholder Pension Plans.
A Stakeholder pension has low charges and offers maximum flexibility in relation to portability and premiums.
All employers with five or more employees must offer their employees access to a Stakeholder Pension Scheme. There is no obligation for the employer to contribute to the scheme, however, employer's payments to a pension scheme are eligible for relief against corporation tax. However, where payments exceed the Annual Allowance the excess will be liable to a 40% tax charge. Employer payments are unlimited, but they are included in the Annual Allowance.
For further details, please see Stakeholder Pension Plans.