Stakeholder Pension:
Available in the UK from April 2001, stakeholder pensions aim to provide a
low-cost, transparent and flexible way for people on low incomes to make
additional provisions for their retirement.
Money invested in stakeholder pensions is invested in the stock market.
On retirement a quarter of the accumulated capital can be taken as a tax-free
cash sum, and the rest must be used to buy an annuity.
For more information click
here.*