Critical choices ahead
Article Abstract:
Those who are planning for retirement and are also seeking to set aside funds to finance higher education for their children should ensure that they have a balanced portfolio of investments. It may be appropriate to invest in corporate bonds, using up the general Personal Equity Plan allowance of 6,000 pounds sterling. It is important to obtain an assessment from your personal pension provider of what your pension will be at retirement, along with a state pension forecast. Some of the money saved by switching to a more favourable mortgage can be used to fund an additional voluntary contributions scheme.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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Time for the real world
Article Abstract:
Those who feel that they have fallen behind with making financial arrangements for retirement should consider purchasing additional years in their occupational pension scheme. This can be done through an increased monthly contribution or through a lump-sum payment. It is also possible to make Additional Voluntary Contributions or to contribute to free-standing additional voluntary contributions, offered by insurance companies. Those who are able to save regularly each month should ensure that they are obtaining the best available interest rate.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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Family home is a nest-egg for retirement
Article Abstract:
A long-term strategy for making financial provision for retirement would link existing investments, property and pension schemes. Selling a large family home when children become independent will raise sufficient funds for a good retirement portfolio. For those planning to fund higher education for their children, it is possible to cash in regular unit trust savings schemes. It is also worth considering using money accumulated in personal equity plans.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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