Sooner or later we all have to think about how we’ll manage when we retire.
In the Western World and other developed countries, demographics show a growing ageing population that will bring even more pressure on the State to meet social costs. This in turn will put upward pressure on tax in these countries.
So the State Pension probably won’t be enough to see us through retirement.
It is therefore sensible to create a fund to enhance your pension, which can be done through a mixture of regular monthly investment into offshore retirement plans and single premium investments offshore where there is the benefit of tax free gross roll up of interest.
At Holborn we have a team of pension specialists who will assess the value of your current pension arrangements and analyse through forward planning to age 60/65. If there is a shortfall we identify how much it is and work with you towards remedying it.
The good news is, the earlier you start saving, the longer your money will have the potential to grow and in turn your retirement income will be what you hoped for. So there is no better time to get started. The key to pension planning is contributing the correct amount, reviewing your plans regularly and obtaining expert advice as to where to invest to maximise your returns.
Get in touch with a qualified Holborn Assets adviser today to find out what you need to do.