Stakeholder Exemption

You may be exempt from Stakeholder if:

  • You have fewer than five employees
  • You have less than five employees who earn above the Lower Earnings Limit, currently £90 per week (tax year 2008/2009).
  • You already offer an "occupational scheme" providing the waiting period to join is no more than 12 months. You also need to allow new employees to join the scheme up until they are within five years of the scheme's normal retirement age.
  • You already offer a qualifying Group Personal Pension (GPP)
  • You make qualifying payments into Individual Personal Pensions

If any of your exempt circumstances change in the future, you may be required to offer access to a Stakeholder scheme to your employees, so it maybe worthwhile offering access now, to avoid future problems arising.