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Our individual pension plan is no longer open to new investors. However, if you
already have this product you can still add to it, or make changes to how your plan
is invested – see below for more details
Clerical Medical Individual Pensions tax year end
Fully completed applications and payments must be received at Clerical Medical PO
Box 28121, 15 Dalkeith Road, Edinburgh EH16 9AS by Friday 1 April 2011. Any paper
applications received after this cannot be applied in the 2010/11 tax year.
So, what are the main features?
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You can start to make regular contributions from just £50 per month or increase
your existing regular contributions by as little as £2 per month.
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You can arrange for your contributions to increase automatically.
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You can stop, start, change or suspend your contributions at any time. This can
affect the value of your plan when you take your benefits.
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You can make an additional single contribution of £250 or more, subject to having
already made a single contribution in the past.
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And, you can make a pension transfer valued at £1,000 or more, so long as you've
previously made other transfers to this plan.
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You can ask us to change your investment choices at any time. We offer a wide range
of investments linked to the performance of stocks and shares, property, gilts,
bonds and cash.
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100% of your contribution is usually invested in your plan. For further information
about our charges please see our
Technical details and charges leaflet.
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The value of the investment can go down as well as up as a result of market movements.
You may get back less than you invested.
As a rule, you should pay as much as you can afford into a pension. Your financial
adviser will be able to advise you about how much you should aim for, to build a
pension that will meet your needs in retirement. For more information about this
plan, please speak to your financial
adviser.
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