Example of how a personal pension can benefit you
Mark is a computer programmer and earns around £30,000 a year. He has been contributing to a personal pension for six years. He reviews his personal pension arrangements regularly, and has been thinking about transferring to a stakeholder pension. However, the annual charges on his current pension have reduced recently and his personal pension provider would charge him for leaving the scheme. So, he has decided to stay with his current personal pension. He is happy with his decision, and expects to continue making regular payments into his fund.
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