ARE YOU MISSING OUT?
If you are a member of a
UK Occupational scheme, it is entirely possible that your pension funds
are only being credited with the lesser of 5% or retail price index
(RPI) instead of the real investment growth of your funds, typically this
could have been only 2%-3% per annum over the past few years. Your former
employer can legally keep any additional increase and use this to fund
other employees. Well managed Pension funds have historically increased
between 10%-18% per annum. In other words, you can be quite legally
shortchanged.
You can overcome the problem by transferring your scheme to an approved Personal Pension under your control and enjoy 100% of the growth
Pension benefits can, in most cases, now be taken from age 50 if you wish, even if the scheme was set up to provide benefits at age 65. For many this will mean 25% of the value of your pension can be taken as a cash lump sum, free of UK tax, with the balance taken as income.
All of this can be done even if you have not actually retired. Important income alternatives are now allowed. You are no longer obliged to take an annuity (which could be to your disadvantage) but choose what is known as phased retirement income or income drawdown. If this sounds complicated - you are right, it is complex. Kestrel International can advise you as to your situation and assist you in finding the best solution for you without any obligation.
Kestrel International have
consultants in the United States.
We will be pleased to review your pension arrangements.
Don't delay, you may needlessly be losing money.
This can be quickly rectified and worth thousands of extra pounds in benefit to you
Find out more at
Kestrel's website.
You can write to PO Box
1212 Tampa, Florida 33601
or call Toll Free (888) 514-4248.
You can email Kestrel at
info@kestrelint.com
