Pensions
and Retirement Planning
Over recent years there has been growing concern regarding the level of the
State Retirement Pension. A great many of us believe that we will need more
than the state pension can offer us during our retirement years in order to
sustain a reasonable standard of living and to ensure financial security. The
Government has actively encouraged people to set up their own personal pensions
via the introduction of Stakeholder and the changes to contracting out of SERPS
(State Earnings Related Pensions) or the incoming S2P (State Second Pension).
Making provision through
your working life for your retirement will afford you peace of mind. But, the
pensions market is complex with a vast array of options available.
Some of these are listed below:
Personal
pensions
Stakeholder pensions
Annuities
Income drawdown plans
Phased retirement
Occupational pension schemes
Retirement planning encompasses more than just pension provision. It is important to tally your plans with other areas such as health cover or long-term care and consideration of provision to dependents. For those with large estates to bequeath it is prudent to think ahead in terms of inheritance tax mitigation and the preparation of Wills.
Rouse Limited
will help guide you through the labyrinth of products and build you a constructive
and comprehensive solution to your retirement concerns and objectives.
Pensions Warning:
Pension and tax legislation can change at any time and the value of the tax
concessions you receive will depend on your individual circumstances. The investments
in a fund portfolio are subject to normal stock market fluctuation and other
risks inherent in all investments. Changes in exchange rates between currencies
may cause the value of your investments to increase or diminish.
The charges that will be levied in respect of the investments must be covered
by investment growth before a profit is achievable.
By careful product selection we endeavour to minimise these costs for your benefit.
Quoted yields are for illustrative purposes only and are not guaranteed - they
do not represent either the minimum or maximum that you may actually receive.
Past performance gives no guarantee to future performance. The value of investments
may go down as well as up so you could get back less capital than originally
invested, should you vest your plan early or at a time when markets have fallen.