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When someone with a personal pension or Stakeholder plan stops making contributions, the status of the plan changes to ‘paid up’. The accumulated pension pot remains invested (and fluctuate in value in line with the returns achieved by investment fund) until the holder decides to take the benefits of the plan or transfer the pension fund into another pension scheme. Paid up pensions will be charge an annual management fee, and some personal pension plans may charge the holder if they stop making contributions.

If you haven't found all the answers that you are looking for you can find similar content in the Pension Glossary sections, contact an adviser at the top of the page, or you could try these related posts:

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