Over four million people have taken out personal pensions.

In 1988 there is to be a new system of personal pensions, explained on page 76.

And over 4 million people are now building up their own personal pensions.

There are four main differences between Section 226 policies and personal pensions.

With a new personal pension, you can retire at any time between 50 and 75.

A new personal pension on the other hand would stand to be affected.

This is not to say that taking a personal pension is either a right or a wrong decision.

These are also some 5 million people with personal pensions.

If you have an older personal pension, you should check out the details of your plan.

The estimated cost of relief towards personal pensions is £800 million for 1989/90.