Whether or not a stakeholder pension is right for you will largely depend on your income, whether you are self employed and your existing pension arrangements.

I am a high earner, is a Stakeholder Pension suitable for me?

Taking into account that the Stakeholder Pension is designer for people earning up to £20,000 per annum, it is not really suited to high earners.

Higher earners are likely to find that they want to pay more into their pension than a Stakeholder Pension will allow.

High earners usually have access to Occupational (company) Pension schemes, which are more likely to be suitable to their requirements.

In addition to allowing you to make much higher contributions, Occupational Pension schemes typically provide you with a range of other benefits that are not included in Stakeholder Pension schemes. 

I am self-employed, is the Stakeholder Pension for me?

The Stakeholder Pension is likely to be more appealing to you if you are self-employed.

If you have nothing more than the basic State Pension, the Stakeholder scheme will probably be a good option for you as you look to plan your retirement strategy.

You can expect annual charges for Stakeholder schemes to be much less than for typical Personal Pensions.