| Tony Harris from
Contractor Financials writes;
...‘The GreenLantern35 scheme is a stakeholder
pension and as such has no initial set up charges
whatsoever. This means that every contribution gets
working for you straight away without heavy fees and
charges associated with many older style pension schemes.
Your plan also benefits from very low ongoing admin
charges and allows you the freedom to stop contributions
at will and without penalties.
Low charges and flexibility are important to many
investors but are essential for freelancers and temps
who are far more likely to need to stop and restart
contributions as your income and working patterns
change. For instance you may return to a permanent
position at some stage and therefore have no need
for a personally funded pension. Alternatively you
may work abroad in which case you could be ineligible
to fund a UK pension scheme.
Should you leave GreenLantern35 at any stage you
have the freedom to continue funding the plan as a
personal contribution or you may even be able to get
your new employer to continue payments on your behalf.
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