www.plan4pension.co.uk information resources, UK, pension planning, generating income, residual income, alternative pension plan, unit trusts, pensions, retirement planning, avcs, fsavs, sipp, small self administered pension scheme, self invested personal pension, occupational pension scheme, voluntary contributions, sass, furb, phased retirement, building a bigger pension, isas, financial wealth check, peps, funds, cgt, capital gains tax, vcts & eiss, home business opportunity, making money, work from home, tax efficiency, self employed, paying tax, getting started in business, insurance, one stop shop for pension advice. Locating pension planning information on the web. UK information resources directory for retirement planning, saving tax, avoiding tax, investing to save tax, pension planning, reducing income tax, tax avoidance, with other pension related services on the web.
|
||
|
||
|
Pension Planning - the pension time bomb
Retirement Planning the Offshore WayRetirement Planning the Offshore Way Why do so many of us constantly push the thought of retirement planning to the back of our minds? Reluctance…! 1 Reluctance to save for an event that seems so far off 2 Reluctance to tie in to an inflexible pension scheme 3 Reluctance to put a large portion of our current income out of reach for the long term But in terms of retirement planning, putting off until tomorrow that which you could get done today will end up costing you very dearly. Every month you delay your retirement savings planning, you significantly reduce the value of your future potential retirement fund. Or put another way, every month you delay your retirement savings planning you significantly increase the amount that you will need to invest to achieve the same level of retirement income than if you’d started today. If a 25 year old and a 35 year old were to start saving for retirement at 55 and the 25 year old invested £300 a month towards retirement, the 35 year old would have to increase his contributions to £803 a month to achieve the same potential returns. At the state retirement age of 65 the average man will have some 19 more years to live and the average woman, 22 years. You will have to support yourself without work and, very likely, without state income. This means that you will spend 25% to 30% of your life in retirement. You will need substantial sums of money to support yourself in retirement in the manner to which you will have become accustomed throughout your life to date. Recent figures show that individuals aged between 25 and 44 are saving 1/3rd of the amount they should be saving in order to support their current lifestyle in retirement. In most countries you are forced to make your own pension provision if you want to have any chance of a comfortable retirement. The value of the government pension that you could once rely on is diminishing every year. Ready to Start Planning? If you’re an expatriate you are in a more privileged position than most – chances are you’re enjoying a higher salary and extra benefits as a result of working away from home. Furthermore expatriates have greater freedom when it comes to making investment decisions: they are not necessarily restricted by the same regulations that domestic investors experience. Decisions That Need To Be Made The most sensible solution would seem to be finding a safe harbour to anchor your retirement investments so that you can move from country to country as necessary without this having any negative impact on your assets. However, if you decide to do this you need to decide exactly where that safe harbour should be. Offshore financial centres present a viable solution - especially if you are undecided as to your eventual retirement destination. Basing your pension investment offshore should mean that future movements of capital or income are not impeded. What To Be Aware Of Your own personal circumstances are unique. Be realistic about how much you should be contributing. Consider the charges the bonuses and the flexibility of any investment plan - generally the more flexible the plan the more charges will be. Know that a good offshore retirement plan should allow you to do the following without penalty: -1 Reduce contributions without penalty (normally after an initial period of one to two years). 2 Switch investments between different funds to respond to changes in the market. Preferably including funds managed by other people outside of the institution zone. 3 Have the option of retiring when you want to without penalty. 4 Allow certain access to monies invested (again, after an initial period). How to Find the RIGHT Solution Finding out what each provider's best products are currently, and then hand picking the best to suit your own personal needs and current circumstances is the best idea! But how impractical! Do you have the time to do this? Would you consider yourself an expert in offshore investments and pension planning? Where would you start? Obviously professional advice will get you the right solution and save you time and money and reduce your cost of delay significantly! To find out more about what solutions are on offer in the market place and to learn more about offshore investing and saving for your future, visit http://www.offshoreinvestmentguide.com today. Discover how to build wealth, enjoy greater privacy, protect your assets and secure your financial future with the Offshore Investment Guide. R L Williamson is an independent offshore financial specialist. She has worked in the fields of financial advice, specialising in retirement planning and she has worked in investment banking. Through her work she has travelled widely and lived in many different countries around the world. Meeting expatriates, international investors and being an expatriate herself, she is well versed in understanding the different financial needs of the individual, and she is an expert when it comes to finding the RIGHT offshore solutions. Article Source: http://EzineArticles.com/
When searching for pension information there are some useful keyword phrases that should help in your research....
... Release Long Term Care Cover Search the web Pensions The good news is – we are living longer! So very often, we are living beyond ... www.pensions.co.uk Trades Union Congress - Pensions ... Pensions,Trades Union Congress,TUC,unionism,unions,trades,congress,UK Pensions Text only Accessibility Site map Search Email alerts Work rights Publications Unions Events Contact us ... Pensions Ombudsman ... is completely independent and acts as an impartial adjudicator. There is no charge for using the Pensions Ombudsman's services. The Pensions Ombudsman's decision is final and binding on all the parties ...
Compare pensions - pension advice - personal pensions - online UK ... Compare pensions and get UK personal pensions information from Interactive Investor. Get pension news and UK pensions information. How to understand personal pensions. Use the pension calculator ... UNISON the public service union - Pensions ... bulletins Pensions bulletin 10: July 2005 The bulletin includes a request for branches to establish pensions contacts to take responsibility for being the focus for pensions activity in the branch. A ... Pensions-Research.Org Join Our Mailing List A Network of Researchers and Research Centres Pensions-Research.Org is the website of the International Pensions Research Network (IPRN), the research ... Pensions, Compare Pension Companies and Find Advice on Personal ... ... final salary pension,money purchase,self administered pension Pensions, Find Information and Advice on All Types of Personal Pensions including Stakeholder, Company and State Compare Personal Pensions ... Pensions - ... Investment Halifax Stakeholder Pension Plan Browse Pensions Stakeholder Pensions Stakeholder pensions are low-cost, flexible personal pensions. Personal Pensions Personal pensions are available to anyone ... pensions ... and e-invoicing @pensions aims to help you find information on @pensions and related subjects with a listing of @pensions websites, @pensions shopping sites and @pensions information sites. We hope ... FSA - Consumer Information - Pensions ... PLANNING CREDIT & DEBT FINANCIAL ADVERTISING INSURANCE PENSIONS What types are there? Starting a pension Reviewing your plans Tools to help you plan Some ...
|
Pensions
