Group Personal Pension – GPP
The majority of employers now offer employees access to a Group Personal Pension, also known as a GPP, due to the costs involved in maintaining a final salary pension or money purchase pension scheme. A group personal pension (GPP) is a cluster of personal pensions set up by an insurer on behalf of an employer. [...]
Personal Pensions & Stakeholder Pensions
A pension is a type of tax efficient savings vehicle, its main purpose is to provide you with a more comfortable retirement. They are basically a type of investment policy with the aim of providing you with an income in retirement. You can either apply to a pension provider direct or through an IFA. By [...]
Retirement Annuity Contracts – Section 226 Policies
Personal Pension plans were introduced in July 1998, before this date individuals could take out a Retirement Annuity Contract, also known as Section 226 policies. They were only available to those in employment who did not have access to an occupational money purchase or final salary pension scheme. The self-employed could also contribute into a [...]
Group Stakeholder Pension Scheme – GSHP
A group stakeholder pension scheme, also known as a GSHP is a cluster of stakeholder pensions set up by an insurer on behalf of an employer. They operate in the same way as a group personal pension scheme. You will have your own individual stakeholder pension under the administrative umbrella of an employer’s scheme. There [...]
SIPP Pensions
A Self Invested Pension Plan, commonly known as a SIPP, is basically a personal pension plan but with a far wider investment choice available. Rules relating to eligibility, contribution limits, taxation and benefit entitlement at retirement are the same as for Personal & Stakeholder Pensions. . . SIPP Pension – Investment options As the name [...]
