What is the maximum age I can invest in Pension schemes?
Most insurance companies offer Pension plans with the maximum entry age of 55 or 60. The basic objective of a Pension policy is to create a corpus of savings over a period of time to ensure the individual’s financial security post retirement. It is therefore advisable to start saving for retirement as early in life as possible, as the amount builds into a significant corpus by the time the individual is 60 years old (regarded as the retirement age).
