It is currently set at 1.5x the Full Retirement Sum (FRS)
Why would someone wish to put more money into their Retirement Account than necessary?
That will be what this post will answer.
For more information on the different types of Retirement Sums, click HERE
For more information on the amount on the different types of Retirement Sums, click HERE
Rationale
Finance theory states that as you grow older, you need to take less risk.
Hence as you grow older, your retirement portfolio should be less stocks & more bonds.
In recent years, Bonds' interest return has not been spectacular, especially high quality bonds.
You also might not want to go into low rating bonds for higher returns (such as BBB rated bonds).
Most importantly, we need to understand that our retirement portfolio is meant to provide us a stream of ...
