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"You will excuse my reminding you of the fact that you have large accumulated funds in hand, and nearly a hundred thousand pounds worth of easily realizable securities.
"With SheCares, our women-clients may cash-in on the accumulated fund value in the future.
Abdulrazaq disclosed that the state now has accumulated fund to the tune of N5.6 billion with UBEC which has not been accessed.
"Procurement outsourcing with the PITC is ineffective due to non-implementation or delayed completion of procurement procedures which resulted in accumulated fund transfers totaling P2,267,040,511.09," the COA report read.
The level of benefits to be drawn upon at retirement is once again dependent on the size of the accumulated fund but SIPP investors can be more creative in building up their pension pots.
Overall, the 2013-14 budget projects a deficit of $392,445, which will easily be absorbed by the accumulated fund balance of $29 million.
Though the railways earned a surplus of ` 1,404.89 crore in the 2010- 11 fiscal, the accumulated fund balances were substantially depleted because of continued poor financial performances.
The Top-up facility in the plans enhances investments resulting in higher accumulated Fund Value.
The accumulated fund will become accessible at age 18, with the account reverting to a normal ISA to maintain its tax-efficient status.
That leaves Kildare with an accumulated fund of EUR1,243,843, placing the board in a very healthy position considering the harsh economic conditions facing the country at the moment.
The membership accumulated fund sat at $12.4 million, while NZNO's investments had increased by $1.5 million.
The Open Market Option (OMO) allows you to take your accumulated fund to the market in pursuit of the best rate.
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