Virgin Money Stakeholder Pension

The problem: I had £70,000 in a pension scheme that was about to close, so I had to move it FAST. The solution: Find a new pension scheme quickly and transfer the money in. Should be simple, right? Pensions are never simple. A week researching the many different types of pension, of trawling through recommendations only to discover that the terms and conditions have changed or the scheme is no longer active. I was at the end of my tether until I found the Virgin Money page with the Virgin Money Stakeholder Pension. The sheer relief of finding all the information clearly displayed, of knowing that I could transfer my existing ...  Read the complete review

I hold a stakeholder pension on behalf of my daughter. A change in the pension rules about 7 years ago brought about the stakeholder pension enabling women who didn't work to start a pension fund; the change also created a loophole that enabled even babies to have a stakeholder pension fund in doing so despite not working and not paying tax they are still eligible for 20% basic tax relief on contributions made into the pension. So pay in £40 and it gets topped up to £50. At the time my daughter was born I read about this in a finance magazine and decided to do some research - I settled on Virgin because their website has a page specifically dedicated to ...  Read the complete review

I think it is fair to say that pensions are high on the agenda at the moment. There has been a great deal of discussion about pensions in their various forms in the media over recent years, and however dull a topic they may be, they are also an inconvenient financial truth that has to be addressed. I took the plunge and began my own personal pension about five years ago. At this time, I had recently graduated from university and was taking a gap year to work and save up to pay for my MA course. My career had yet to properly begin and I had very little money, but I knew that one day I would want to be able to have the kind of relaxed retirement my parents have recently ...  Read the complete review