PENSIONS

Stakeholder pensions

With government's introduction of Stakeholder pensions in 2001 there are now plenty of low-cost pension offerings being put out by the pensions providers to enable more people, especially those on lower incomes, to set aside funds for their retirement.

And the key to Stakeholder as with any other pension is to start contributing as early as possible in your working life and keep making contributions over many years. That way your pension pot has time to fill up and for the investment returns on the fund to compound through reinvestment over many years. The result should be a significant sum of money to invest when you retire.