Investors could potentially increase their net worth by around £38,000 when pension rules change next year, according to new figures from Scottish Life.
Comprehensive car insurance policies may not provide protection for an accident while driving on the Continent, motorists are being warned.
UK insurance policies automatically cover motorists for third party fire and theft when driving in the European Union (EU), but they may not provide protection for an accident.
Motorists are recommended to contact their insurance broker before departing for Europe as some may need to upgrade the foreign cover in their premiums.
Drivers are at higher risk of an accident on the Continent due to foreign road signs and having to drive on the other side of the road.
Theft is also more likely when abroad as foreign number plates attract thieves searching for valuables and items such as cameras, according to This Is Money.
Motorists are also reminded to take their full driving license with them when heading for Europe.