15:33 16 January 2013
For a lot of people in the UK, retiring sooner than later is next to impossible. However, if you plan for the future sooner and set up your early retirement pension, you can make this happen.
Currently, UK pension rules dictate that anybody can retire regardless of age. However, there are limitations when it comes to claiming both the state pension and any personal pension plans you may have in place.
The rules also dictate that you can draw on early retirement pension when you hit 50 years old. While your state pension can be claimed once you reach the minimum state pension age.
If you’re decided to start your early retirement pension, you better start looking for the best pension plan. One important thing to consider here is the performance of each fund.
Although previous performances do not guarantee success in the future, it helps to know if the fund has been performing really well. Somehow, it gives you peace of mind.
List down all the pension funds that compliment your risk appetite and goals. Then, compare their performance. Once you’ve chosen a pension fund, check the management fess charged by the fund manager.
Pick the early retirement pension plan that combines investments you find attractive with low fees and amazing track record.
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