Example of how a personal pension can help you
Paul is a self-employed 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 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.
For more information about personal pensions, see Personal pensions – Your guide (PM4). See the directory for details about how you can get a copy of this guide.
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