Monthly Archives: December 2013

Occupational workplace pensions

Posted on December 18, 2013 by - Uncategorized

‘SO WHAT DO I DO WITH MY MONEY?’

There are two main types of occupational workplace pension schemes:

Defined-contribution pension schemes
A defined-contribution (DC) or money-purchase pension scheme is one that invests the money you pay into it, together with any employer’s contribution, and gives you an accumulated sum on retirement – with which you can secure a pension income, either by buying an annuity or using income drawdown. (more…)

Minimising potential taxes and duties on your death

Posted on December 18, 2013 by - Protection, Uncategorized

IMMEDIATE ACCESS TO YOUR PENSION FUNDS, ALLOWING YOU TO TAKE OUT WHAT YOU WANT, WHEN YOU WANT IT

As your wealth grows, it is inevitable that your estate becomes more complex. Money saved via a pension can be passed on to a loved one, usually outside their estate and free of any death tax, provided the pension fund has not been touched and they die before age 75. People fortunate enough not to need immediate access to their personal pension may therefore decide not to touch those savings for as long as possible. (more…)

Retirement income guarantee

Posted on December 18, 2013 by - Uncategorized

ADDITIONAL INCOME PROTECTION

If you have a partner or other dependants, such as children, you might want to think about additional retirement income protection. With income protection, your named dependants could get some or all of your retirement income if you die, either as regular payments over a period of time or as a one-off lump sum. (more…)