Stakeholder pensions

Stakeholder pensions are new low cost pensions that people can take out to boost their income later in life.

Employers will be affected by the new legislation. Those who employ 5 or more employees may have to make a stakeholder pension available to their staff from 8th October 2001.

If you are:

  • An individual, interested in taking out a stakeholder pension - see the section on Individuals
  • An employer, wanting to find out how the legislation affects you -see the section on Employers
  • A pension scheme provider - see the section on scheme providers

Individuals

If you would like some impartial information on your pension options (including stakeholder pensions) now, you can visit:

Employers

If you employ 5 or more employees you may have to make a stakeholder pension scheme available to your staff. However some employers will be exempt. To find out more about stakeholder pensions and who is affected go to:

  • DWP publication - Stakeholder pensions - a guide for employers. This link will take you to the DWP web site to view the guide. Alternatively you can order a copy of this guide from the from the Pensions Service on 0845 7 31 32 33

Other information you may find useful:

  • The Register of Stakeholder Pension Schemes. This is a list published by the Pensions Regulator of approved and registered stakeholder pension schemes, from which employers can select a scheme. This link will take you to the Pensions Regulator website
  • Employer decision tree. Questions and answers to help employers decide if they have to provide a stakeholder pension for their staff. - this link will take you to the Pensions Regulator website

Employers with questions about how stakeholder pensions affects them can telephone the Employer's Helpline.

Scheme providers

This site provides the facility to download the application forms required to establish a stakeholder pension scheme. It has been possible to register as a scheme provider since 2nd Oct 2000.

Listed below are links to other pages and sites which you may find useful.

Points of contact

If your query relates to

  • Stakeholder pension scheme registration - contact the Pensions Regulator helpline on 0870 6063636
  • Tax approval and contracting out, scheme level - contact the HMRC Savings and Pensions helpline on 0115 9741600
  • Tax repayments - contact HMRC Savings and Pensions (Savings and Pensions Services) on 0115 9741600
  • DWP statutory requirements - contact the Provider's helpline on 0845 9 150 150

Application Forms

The forms listed below are to enable pension scheme providers to apply for tax approval, Pensions Regulator registration and contracting-out approval of a stakeholder pension scheme.

PDF files - print off, complete and submit manually. To save a document to your hard drive, right click on the link and choose the save option. All these forms are in PDF format. To view a PDF document you must have Adobe Acrobat Reader installed on your machine.

 

PDF Description
CA8057 Joint application to be completed by the individual and scheme trustee or manager when applying to join an Appropriate Personal Pension Stakeholder Pension Scheme (71K)
Guidance Guidance notes on the application process and which forms you will need to complete (68K)
SHP100 Pensions Regulator: Application to register a Stakeholder Pension scheme (62K)
SHP101 HMRC Application for tax approval of a Stakeholder Pension scheme under Chapter IV Part XIV of the Income and Corporation Taxes Act (ICTA 1988) (75K)
SHP102APP HMRC Application for the issue of an Appropriate Personal Pension Stakeholder Pension scheme certificate (47K)
SHP102COMP HMRC Election for the issue of a Contracting-out certificate for a Contracted-out Money Purchase Stakeholder Pension scheme (71K)
SHP103 HMRC Stakeholder Pension scheme trustee information (37K)
SHP104 Stakeholder Pension scheme trustee Questionnaire (56K)
SHP105 HMRC Election to vary a Contracted-out Money Purchase Stakeholder Pension scheme Contracting-out certificate (60K)
SHP106 HMRC Application to vary an Appropriate Personal Pension Stakeholder Pension scheme certificate (45K)
SHP107 HMRC Election for the issue of an industry-wide Stakeholder Pension scheme (57K)
SHP108 HMRC Overseas scheme schedule (Contracted-out Money Purchase Stakeholder Pension scheme) (42K)

Stakeholder Pension Legislation

HMRC

DSS