Before even thinking about Personal Pension Plans in depth, our Advisors suggest you stop and consider the following two points:

1. If you are below fifty years old, the chances are that you will never see your own country’s state pension scheme. This is because analysts predict that by the year 2010, the first state pension scheme will collapse and this will cause a domino-effect whereby countries realize that they have increasing population growth and people are living longer - thereby the countries being unable to afford to pay out pensions.

2. If you feel that you have a company pension and this is sufficient, have you ever considered what happens to your company pension if you leave the company - or, if the company goes bankrupt? This does happen from time to time, although unlikely, it could happen.

You may also want to consider that after you retire, this is the longest holiday of your life, with almost everything being expenditure and very little being income. When you go away for a vacation in August, people often spend up to a week looking through brochures and on the internet, before making a decision where to go – and this is just for 2 weeks in the sun. How much time have you and your spouse spent discussing your retirement which is again, the longest holiday of your life?

An Expatriate who is 45 years old and wishes to retire at 65, has just 240 more salary payments before they retire, this means just 240 chances to build up a sum of money that sometimes needs to last up to 30 years. Frightening isn’t it when you think like that?

Our Advisors can specifically tailor personal Pension Plans to suit your own and your family’s needs in later life. They take into account your ages, your retirement dates, life expectancy, other assets held and ultimately what you need to enjoy retirement. It is by combining all of this information, studying it in depth, that they are then able to source suitable products from the Offshore Pension providers.

Retirement Planning may seem like an age away, but it is never too early to start saving for your retirement and the earlier you commence a Personal Pension Plan, the smaller the amount you need to save regularly in order to reach your goals.

To aid with Retirement Planning or to calculate Income for Retirement, feel free to use our Retirement Planning calculators by clicking Here.

If you would like to find out more about our Personal Pensions Offshore, feel free to Contact Us and an Advisor will be in contact with you within 24 hours.