Planning for later life is perhaps one of the most important points you should consider.
For many advisers, retirement means just pensions – but not for us.
Pensions have plenty of upside but who will tell you the downsides?
We believe there are several points of which you need to be aware before you invest.
In addition, new legislation governing pensions has opened up a number of opportunities and it is important that clients are made aware of their options.
- Are you saving enough?
- Are you saving too much in your pension?
- Are you totally disenchanted with your pension?
- Have you discussed with anyone what you want in later life?
- Is it really all just about money?
- Is a pension the best vehicle to save for your retirement?
- What other options are there?
- How do you get your benefits from a pension?
- You might save some tax, but what about the tax you are going to pay?
- Why would you buy an annuity?
- What really happens to your pension when you die?
As you probably know by now, past performance is never any guide to future returns. The value of investments and the income from them can of course go down as well as up. Moreover, the level of tax benefits and liabilities will very much depend upon your own individual circumstances and may change in the future.
Exchange rate fluctuations will also cause the value of underlying overseas investments to go down as well as up and some Funds investing in specialist sectors or areas carry greater risks due to the potential volatility of market sectors into which the funds invest.