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Non-workers missing out on stakeholders

Millions of people could miss out on the tax benefits of stakeholder pensions because they wrongly think only those receiving an income can take one out.

Research by HSBC Bank shows 40 per cent of people think stakeholder pensions are only available to those who are working.

HSBC Bank head of life, health and pensions Harpal Karlcut says: “This new flexibility will enable those who are not working to plan for their retirement – including people taking a career break and non-working spouses.”

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