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How much is your future worth?
Many people have exciting plans for
their retirement - perhaps going on the
holiday of a lifetime, moving house or
taking up new hobbies.
But these plans are unlikely to become
reality for the many people who have not
made adequate pension provision for
their retirement.
If you are a member of the Scottish
Teachers Superannuation Scheme you will
know that you are making some provision
for your retirement, but will it be
enough? Most Teachers will not have the
maximum 40 years service at age 60, or 45
years service at age 65, towards their retirement and so will
have a shortfall on their maximum
possible Superannuation pension. There are a
number of ways to reduce this shortfall
and your EIS Independent Financial
Adviser can help choose the most
suitable method for you.
The key to retirement planning is to
start as early as possible. The longer
your money is invested, the longer it
has to grow! Delaying by even a year or
two can make a big difference to the
pension you could receive.
There has been a lot of uncertainty
about Pensions over the years and they
are rarely out of the news. In 2006, the
government introduced 'A-Day'
which changed the face of pension
planning dramatically and the Superannuation Scheme
has also been changed in accordance with
the new rules.
You may have already done something to
enhance your pension with Additional
Voluntary Contributions (AVCs), Free
Standing AVCs or a Personal Pension
Plan. These plans should be reviewed
from time to time to ensure that they
are still suitable and on track to meet
your requirements.
Reviewing your
current situation would be a good idea.
Call us now on 0141 332 8004 to arrange a review.
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