Like those credits and cuts, the changes to savings vehicles will be phased in gradually.

But much more of the growth potential lies at home, where consumers have made mutual funds their favorite savings vehicle.

Many of the most popular savings vehicles now involve an immediate tax break.

Many Japanese used insurance companies as savings vehicles.

But the commission also invites workers to deposit up to $2,000 a year extra into these tax-advantaged savings vehicles.

Each year, he has put $2,000 into an individual retirement account, his only tax-deferred savings vehicle.

Using the stock market as a savings vehicle for long-term goals such as retirement or a child's education is the preferred financial strategy.

The most popular of these savings vehicles, 401(k) plans, held $1.7 trillion in December 1999, the latest figures available.

They are a vitally important savings vehicle for savers and investors, not just in Europe, but all over the world.

Ultimately, all permanent life insurance policies are combination of term insurance with a savings vehicle.