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Group stakeholder pensions

Group stakeholder pensions

A group stakeholder pension is a collection of stakeholder pension schemes, and they work in a similar way to personal pensions. If you joined your employer’s group stakeholder pension scheme before 1 October 2012 and are still making contributions, your employer must continue taking contributions from your pay or salary and paying these contributions across to the scheme, until you decide to stop paying regular contributions, or you leave your job.

An employer does not have to offer workers access to a stakeholder pension if they join, or restart a job, after 1st October 2012.

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