A stakeholder pension is a type of pension which became available in April 2001. The Northern Ireland Civil Service (NICS) has appointed Standard Life as its stakeholder pension provider.

Do I have to be a member of the NICS pension schemes?

You do not have to be a member of the NICS pension schemes to invest in a stakeholder pension. You can contribute whether you are employed in a permanent or casual basis.

Is there a limit to how much I can contribute?

There is no limit to the amount that you can contribute. You will receive tax relief on total pension contributions up to 100 per cent of your taxable earnings, or £3,600 a year, whichever is greater.

More information

For more information visit the Standard Life website or ring the helpline on 0800 333305.

Alternatively, you can go to a provider of your own choice.

From April 2006 you can increase your contributions. However, if this takes you over the annual allowance, you will have to report this and pay any extra tax.

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