Hybrid scheme for early retirement

By Jenne Mannion Virgin Direct is marketing a pension/Isa combination as a solution to financial pla...

By Jenne Mannion Virgin Direct is marketing a pension/Isa combination as a solution to financial planning for retirement. The company has highlighted five types of savers and created a financial plan for their retirement based on mix and matching its pension product with an Isa. Taking into account current tax rates, projected age of retirement and attitudes towards savings, Virgin has separated savers into those looking to retire early, those likely to retire after 55, those needing to lock money away, those unable to commit and investors looking to maximise higher rate tax relief. For e...