Retirement and Pension Planning

CALCULATE HOW SOON YOU CAN (REALISTICALLY) RETIRE

The closer we are to retiring the more of a burden it becomes, just the thought of retirement can cause anxiety and many feel overwhelmed and unprepared. There are some common mistakes that prevent many people from retiring on time but with the correct planning it becomes a manageable process.

The sooner you get started the easier life becomes for you and your family. You also have a greater chance of reaching your retirement goal as compound interest starts to become a huge benefit in the process. Regardless of your life stage, a secure comfortable retirement is a goal that every individual works towards.

SIPP

SIPP is a UK Government approved personal pension scheme, allowing a wide range of investments.

A SIPP can be set up with funds from multiple existing pension arrangements, by making contributions, or from a combination of both. It is also possible for your employer to make contributions to your SIPP.

Many people build up a number of different pensions over time, with career and geographical changes making it more and more difficult to monitor and manage these, often your money isn’t working as hard for you as it could be. A SIPP is a beneficial solution for many, with more choice, transparency and increased performance on offer.

A SIPP also gives you more flexibility than a regular personal pension, thus increasing performance further. Some of this flexibility offers the option to invest in Investment funds, Investment Trusts, Corporate and Government Bonds, Structured Products, Individual Company Shares as well as Commercial Property.

The sooner you get started the easier life becomes for you and your family. You also have a greater chance of reaching your retirement goal as compound interest starts to become a huge benefit in the process. Regardless of your life stage, a secure comfortable retirement is a goal that every individual works towards.

QROPS

April 2006 saw a change in legislation and the introduction of what is now known as QROPS. A QROP Scheme is an HMRC-recognised offshore pension scheme, giving non-UK residents the ability to transfer their UK private/corporate pension to an offshore jurisdiction tax free.

This structure has many benefits including far greater flexibility and a wider range of investments to choose from. Pension income can be received with zero tax deducted at source. Inheritance Tax liability can be mitigated or removed completely as well as a tax free lump sum availability of 30%. With no requirement to purchase an annuity a QROP is a solution many people utilise.

PENSION TRANSFERS

Pensions play a huge part in an individual's financial planning but the majority of the population become detached from the benefits they provide. Should you leave an employer and stop making contributions to your scheme or opt out, the benefits of that scheme still belong to you. Over time you may have a number schemes that have been 'left behind' in which you may have no control or influence over. Consolidation can then become a factor in deciding to transfer your existing schemes combining them into a new scheme. This can be done in a number of ways using a number of pension structures to accommodate your current situation. Arlo Associates qualified pension specialists can help in providing the right advice for you.

INTERNATIONAL PENSION PLANS

Companies are employing more long term expatriates then ever before, In many cases expatriates find there is no suitable home or host country retirement plan that would suit their needs due to these frequent changes in location. Arlo Associates offer a range of international retirement plans built specifically for expatriates to accommodate their offshore status and help achieve their financial goals. They provide a base for a regular and consistent contribution and are tailor made to help individuals achieve their financial goals.

RIGHT FOR YOU?

• Are you aware of the income required at the date you wish to retire?

• Do you have provisions in place and are they adequate?

• Have the assumptions made been checked by a qualified financial advisor?

• Has the cost of healthcare or long term care at a later date been over looked?

WHY USE ARLO ASSOCIATES?

Arlo associates have a number of highly qualified pension specialists helping clients achieve their desired goal. We are actively involved in our clients’ retirement planning, this can mean updating and changing your investment profile based on where you are in your cycle of life.

FIND OUT MORE

Contact us to find out more about Retirement and Pension Planning

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