Early birds plan retirement
Article Abstract:
Those who are considering early retirement should investigate exactly what their current pension arrangements will be worth should they decide to go ahead with early retirement. In some cases, it will be advisable to join a Free Standing Additional Voluntary Contribution scheme in addition to an employer's Additional Voluntary Contributions scheme. Free Standing schemes are separate from employers' schemes and are usually operated by insurance companies. It is also worth considering saving for retirement via an Individual Savings Account, available from Apr 1999.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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The cautious way to plan retirement
Article Abstract:
Those who are seeking to make financial arrangements for their retirement should first consider how much money they need to meet their immediate expenditure. It is important to keep an emergency fund of between 5,000 pounds sterling and 10,000 pounds sterling. This can be held in a deposit account or a Tessa. It is worth considering paying off a mortgage, although any endowment policy should be retained. When investing for long-term income, a with-profit bond offers low risk and steady return.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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