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PLANNING FOR RETIREMENT

Other useful investments

PEPs are often used in retirement planning because they also shelter savings from tax. The new ISA will perform a similar function - although the amount you can invest each year is less generous.

National Savings are another alternative that could be considered. It is generally recognised that as retirement approaches the type of investments held should be reviewed and a more cautious approach taken.

REMEMBER You should not use any information contained on this page as the basis of any action until you have discussed matters with your financial adviser.