More bad news for UK marriages! With the UK government focussed on closing down tax loopholes and tax breaks, it seems that UK marriages are now under fire with the UK coalition looking to shit off marriage tax breaks.
There a number of reasons to make a pension transfer, you may be retiring, moving overseas, looking to change your job or have been made redundant. Whatever the reason, a pension transfer into another fund should be approached with caution. It is essential to check the benefits of any proposed pension fund before making a pension transfer, the financial position of both funds must be borne in mind and any new scheme should have the same rights as your current fund. A correctly placed pension fund is essential, investing in a jurisdiction with strong regulatory legislation will ensure a financially sound and stress-free retirement.
A pension transfer can be very beneficial if your current pension fund is underperforming; you can select a new fund with increased growth levels and lower management fee charges. Other reasons to consider a pension transfer are:
● Greater tax efficiencies including inheritance tax planning
● Protection of assets
● Investment flexibility
● Access to global funds
● Tailored plan to suit your needs
When looking to make a pension transfer it is best to seek the advice of an independent consultant who will make suggestions based on your particular circumstances. As rules and regulations pertaining to a pension transfer are amended on a regular basis, the local conditions of a particular jurisdiction have to be understood before making a pension transfer, enabling you to make an informed decision.
Pension Transfer
Are you looking for different ways to secure the financial future for yourself and your loved ones? Whether you are self-employed, employed part time or full time, or own your own business, the future is an unknown for everyone. You need to protect yourself from a poorly performing pension fund in order to safeguard your future income. One option is to assess the value and growth of your pension policy and a pension transfer can be beneficial in many cases. With Pension Transfer you can consolidate pensions from different employers into one
A pension transfer is a procedure whereby funds are transferred from your current pension fund to a different pension provider. If you are not satisfied with your current pension policy for any reason, such as poor growth or excessive fees, then it may be time to switch to different pension fund policy provider. Deciding where to transfer your pension to is crucial to improving your financial prospects. A lot of research needs to be done to determine the optimal pension policy scheme for you. Rules and regulations governing a pension transfer change regularly and you should seek assistance from a reputable pension fund advisor before taking any action.
Before an actual pension transfer, you should consider various factors. Choose a company with extensive experience of pension transfers. As pension transfer services vary widely in terms of fees, you must be aware of the transfer charges before you proceed. If you are considering investing in an overseas fund you must take note of exchange rate fluctuations, there is a chance of losing a significant percentage of your funds due to an unfavorable exchange rate.
Pension Transfer
A pension transfer is normally done to maximise both growth and benefits. If you own several pension policies then you can consolidate them into single account. Consolidating pension funds has several pros and cons which must be investigated before proceeding with any changes.
It is best to take a proactive approach with regards to your pension scheme as it is important to derive the best possible value from your fund upon your retirement. Being aware of your options allows you to make an informed decision with regards to a Pension Transfer.
Pension Transfer 