Personal Pension:


Personal Pension: at a glance

We’ve pooled together key information on our personal pension to help you make an informed comparison. Unsure if our Core funds are suited to your client? Here are the key details.

Personal Pension options

An overview of our Personal Pension options:
 CriteriaPersonal PensionNotes
Minimum termNoneSpecial terms apply for plan holders under 18.
Minimum age to take benefits55
Maximum age for applications85
Maximum age for contributions75
Life basisSingle Life.
Fund optionsLV= Core Funds only.
Fund spreadUp to 20 funds.
Fund managementOver 20 fund managers.The number of fund managers is subject to change.
Fund switch chargeNo charge.
Adviser charging options
  • Initial.
  • Regular premium initial charge.
  • Quarterly ongoing.
  • Ad hoc.
Online services
  • Daily fund prices.
  • Online self-service.

Personal Pension fund amounts

An overview of our Personal Pension fund amounts: 
CriteriaPersonal PensionNotes
Minimum starting fund£30,000After Pension Commencement Lump Sum is taken (PCLS). Transfer or single premium.
Regular contributions£250 a month/£3000 a year.Limits reduce to £25 a month or £300 a year when £30,000 single premium or transfer paid.
Minimum regular increase£25 a month or £300 a year.
Minimum additional transfers/single premium£1,000
Maximum personal contributions100% of UK earnings or £3,600 a year.Limits are fixed on tax year and are gross.
Total contributions over £40,000 will have an annual allowance charge.
Contact Phone

Let's talk

0800 678 1890

9am - 5pm Mon-Fri

TextDirect: first dial 18001. We will record or monitor calls for training and audit purposes.