Life assurance cover is provided and monthly payments are made into a pension fund.

When the benefits are eventually taken, the mortgage is repaid using tax-free cash from the remainder of the fund.

The plan holder can then draw a pension from the balance of the fund.

This product, which tends to be used by the self employed, is only for those taking advice from a suitably qualified financial adviser.

For more information about Pension Plans, contact one of our independent advisers.