UK personal pensions

Introduction
Personal and stakeholder pensions are private pensions that you arrange yourself. You pay money into a pension fund which you use to buy a regular income when you retire.

Sometimes employers set up group personal or stakeholder pensions for their employees.

Distribution Stage
The earliest age you can get a personal or stakeholder pension is usually 55, depending on your arrangements with the pension provider or pension trust. You don’t have to be retired from work.