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The time now is 07/27/08 - 00:43

Is Stakeholder Pension a smart move?


RealCool.BIZ Forum Index -> Finance -> Retirement Planning & Pensions

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massimiliano
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Joined: 19 Jun 2007
Posts: 8



PostPosted: 12/22/07 - 06:37    Post subject: Reply with quote

Good day! I am 27 years old and I am working as a mechanic for 8 years already. I think it is time to consider my future and to be sure that I'm paying money in the right pension fund. There are so many options and every one of them seems to be good. I don't really know anything about these pension programs and I don't know what to choose. Some of my friends were talking of some stakeholder pension and they have told me that this would be good for me. Do you think that the stakeholder pension is a smart move?
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jacqueline
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Joined: 23 Dec 2006
Posts: 8



PostPosted: 01/21/08 - 00:38    Post subject: Reply with quote

In the sea of different pension programs it is really hard to choose the right one. Stakeholder pensions are very popular nowadays. This kind of pension is designed for people without access to employer sponsored pension arrangements. They are often secure, very flexible, and offer value for money. Also, they will provide opportunity for many people to save for retirement in a way they can afford. There are some minimum conditions which you must satisfy in order to qualify for a stakeholder pension. You can find out more about these minimum conditions in your insurance company. Stakeholder pensions could be good option for people who earn more than 10,000 a year. However, this pension program is available to almost everybody including people in employment, fixed contract workers and self employed people. It is even available for people who don't work at all but can afford to make contributions. It is also possible to make contributions to someone else's stakeholder pension, for example someone can make contribution to their non working partner's stakeholder pension on their behalf. When you look all that has been said, stakeholder pension could be a very good choice for you.
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RealCool.BIZ Forum Index -> Finance -> Retirement Planning & Pensions

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