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    Can I cancel my stakeholder pension?
    • #1
    • 18th Jul 09, 10:25 AM
    Can I cancel my stakeholder pension? 18th Jul 09 at 10:25 AM
    About eight years ago when there was a bit of a scare in the media, I hastily signed up for a stakeholder pension with Virgin Money. Thankfully I only opted to start with monthly payments of 5.00, and had planned to vastly increase them. As it happens I simply forgot about it.

    Now I'm not really fond of the idea of pensions, I would rather save the money in my own bank and invest it myself.

    My question is, can I cancel this stakeholder pension and claim back any money I paid in? Virgin claim that I can not access the money until I reach the age of 50, but that they can stop receiving payments.

    Any advice?
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