Most people do not think about saving for retirement when they start employment because they think that retirement is too far too think about. But this need should be considered soonest because if you wait too long, you will definitely in trouble. You should also know that even if you are a member of an employer’s group pension scheme, you still need to have your own savings because such schemes will never pay you enough. Your retirement income may fall down to lower than 25% of your just before retirement last annual income. If you wish us to work out pension projections for you now based on your existing and future arrangements, do not hesitate to contact us. Of course, we will be happy to do this for you free of charge.
Pension policies normally provide both a lump sum at retirement and a monthly income. The monthly income will be payable as long as you are alive and so you do not have to worry if you live a long time after your retirement. Funds payable by a pension provider will always be available at any age. This is different if you were to keep your own funds, as your bank balance will go down every month when you are making withdrawals and at a time you may be depleted completely. Various other features are associated to a pension plan and we invite you to meet us for appropriate discussion.
