A
B
C
D
E
F
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I
J
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M
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P
Q
R
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T
U
V
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X
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Letter P
Pension plans
Plan designed to build up a fund for retirement, at retirement this
fund is used to buy an annuity (an income for life) which can be used as an
income in retirement. Contributions paid into qualifying pension plans will
usually benefit from tax relief at the plan holders marginal rate subject to
changes in the tax legislation.
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