information

We use cookies to give you the best possible experience online. By continuing to use our website, you agree to receiving our cookies on your web browser. Visit our cookie policy page to find out more and how to change your cookie settings.

skip to main content

The straightforward personal pension option with a low 0.25% service charge

Personal Pension

Personal Pension at a glance

Unsure if the product is right for your client? Our table below sets out our product at a glance to help you make an informed comparison.

If you’re unsure if the product is right for your client, you can speak to our adviser support team and we’ll be happy to help. Our lines are open from 9am to 5.30pm Monday to Friday.

Criteria

Personal Pension

Notes

Minimum term

None

Special terms apply for planholders under 18

Minimum age to take benefits

55

Maximum age for applications

85

Maximum age for contributions

75

Life basis

Single Life

Minimum starting fund

£20,000*

Transfer or single premium

Regular contributions

£250 a month/£3000 a year

Minimum regular increase

£25 a month or £300 a year

Minimum additional transfers/single premium

£1,000

Maximum personal contributions

100% of UK earnings or £3,600 a year*

Limits are fixed on tax year and are gross

Total contributions over £40,000 will have an annual allowance charge.

Fund options

LV= Pension Funds only

Fund spread

Up to 20 funds

Fund management

19 fund managers

Fund switch charge

No charge

Adviser charging options

  • Initial
  • Regular premium initial charge
  • Quarterly ongoing
  • Ad hoc

Online services

  • Daily fund prices
  • Online self-service
  • Online risk profiler
graph icon

LV= Retirement Pathfinder

A free and impartial retirement modelling tool to help you and your clients create, view and analyse different retirement scenarios.

More about Pathfinder

money icon

Blended Solutions

The retirement landscape has fundamentally changed for the better, giving customers more choice and control over their retirement income.

More on Blended Solutions

LV= icon

Retirement Hopscotch

Hopscotch is the effective way for you to guide your clients through the maze of retirement options they face, making it easier to structure retirement income.

More about Hopscotch

Heart icon

LV= Retirement Account

The easy way for professional advisers to recommend and deliver a wide combination of LV= retirement income products in one simple account

More on the LV= Retirement Account

FOR UK FINANCIAL ADVISERS ONLY
LV=, County Gates, Bournemouth, BH1 2NF, UK