Overview The Main and AE Plans

The Aegon Stakeholder Pension Plan (The Main and AE Plans) is registered with HM Revenue & Customs (HMRC) under the tax regime for pensions which was introduced on 6th April 2006.

As a result, the members and the Company receive full tax relief on their contributions to the Schemes. Also, a favourable tax regime applies to the Schemes’ investments.

HMRC has established allowances for the amount of benefits an individual can build up in a tax-efficient manner in each tax year (the Annual Allowance) as well as over their whole working life (the Lifetime Allowance).

All pension payments (including the State Pension) are treated as earned income and are subject to income tax.