Personal stakeholder pension plan subject to specific conditions regarding charges, access and terms. Eligibility and contribution limits as for personal pension plan. Main objective is to provide maximum low cost pension provision by use of tax relief on contributions and minimum policy charges. Wide choice of funds but due to limitations on charges may be limited to low or medium risk funds. Specific features as follows:-

a) Charges - Maximum charge of 1% of fund value per annum.

b) Access/eligibility - any person over age of 18 resident in U.K.

c) Terms - Benefits available from age 50 in form of pension and/or tax free cash. Minimum contribution cannot exceed £20.00 p.m. Facility to vary payments subject to minimum or to stop/suspend payments.