P543 Teletext 543 Oct 2 21:00:10       —————————————————————————————————  TOPPING UP A COMPANY PENSION Dear Teletext, I want to boost lx company pension fund. I have the opportunity to put extra money into my company pension scheme. However, I am considering taking out a policy separate from l| employer's scheme. What should I do? Nicky, Swindon, Wilts ——————————————————————————————————1/5—— Got a question for our advice clinic? YOU COULD GET MORE FOR YOUR POLICY WITH S.E.C. SEE p626 Property Mortgages Savings City
P543 Teletext 543 Oct 2 21:01:01       —————————————————————————————————  TOPPING UP A COMPANY PENSION To increase the pension benefits in addition to a company pension scheme, it is wise to consider all the options, advises Siobhan Mackey, of independent financial adviser Clark Conway. She emphasises that an in-house additional voluntary contribution (AVC) scheme might well have lower charges. However, it would also mean the investor was not spreading his or her investment portfolio risks, she adds. ——————————————————————————————————2/5—— Got a question for our advice clinic? Write to: Advice Clinic, PO Box 297 London SW6 1XT or fax: 0171 386 7808 Property Mortgages Savings City
P543 Teletext 543 Oct 2 21:01:11       —————————————————————————————————  TOPPING UP A COMPANY PENSION Siobhan Mackey, of Clark Conway, stresses investors should look closely at lbking free-standing additional voluntary contributions (FSAVCs). She says: "Not utilising the option of an FSAVC would give investment gurus a few sleepless nights as they always advise that investors should spread their risks. "As with any investment, it is wise to invest in more than one area." ——————————————————————————————————3/5—— Got a question for our advice clinic? Write to: ADVICE CLINIC, PO Box 297 London,SW6 1XT or fax: 0171 386 7808 Property Mortgages Savings City
P543 Teletext 543 Oct 2 21:04:01       —————————————————————————————————  TOPPING UP A COMPANY PENSION From a cost standpoint, Siobhan Mackey, of Clark Conway, says an AVC would beat an FSAVC, though an FSAVC gives the investor choice and offers greater freedom to move jobs. FSAVCs also provide privacy from employers and an option to establish a personal pension for someone who becomes self-employed. She also points out FSAVCs have higher charges than an in-house AVC. ——————————————————————————————————4/5—— Clark Conway 0500 000 120 NINTENDO 64,HI-FI AND PLAYSTATION UP FOR GRABS see p200 Property Mortgages Savings City
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