A £200 a month investment in a stakeholder would outperform all but the cheapest 12% of existing per...
A £200 a month investment in a stakeholder would outperform all but the cheapest 12% of existing personal pensions if payments are paid for the full term of 25 years, according to the FSA. This is entirely due to the difference in charges between stakeholder and conventional pension products. The value in the tax relief available on a personal pension is not substantial enough to make the product more attractive to basic rate tax payers than the more flexible Isa, according to the FSA's paper on Saving for Retirement - How Taxes and Charges Affect Choice. The authority states if personal...
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