Calling UK Public Sector Pension Scheme Members..,

CLICK to find out what your pension scheme is not telling you!

CLICK HERE to claim a FREE pension assessment report NOW

Unfortunately, pension promises for providing current income levels in retirement are unsustainable, mainly due to the ballooning liabilities of these unfunded schemes.

Government reforms to address this has created many new changes to the schemes, resulting in approximately 4 million public sector workers will see huge reductions in their pensions, along with raising the state retirement age for access.

BONUS:
Register for an in-depth overview now, and I’ll also send you the top actionable compliant strategies which many individual members are using to secure their pensions.

Claim your FREE comprehensive pension assessment valuation report HERE

Top 3 Financial Concerns of Boomers Approaching Retirement

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Click image to download the FREE REPORT: 10 Tips for a Better Pension

The number one financial concern of baby boomers nearing retirement is not being able to maintain their current lifestyle throughout their golden years, reveals a new survey by one of the world’s largest independent financial advisory organizations.

The second biggest worry is not being able to stop work when they want to; and the third is not being in a position to financially support close relatives…

Original article:
The Top 3 Financial Concerns of Boomers Approaching Retirement | ThirdAge.

Transfer your UK or Ireland’s Pension Plan into Qualifying Recognised Overseas Pension Schemes

If you have a pension in UK or Ireland, and now either reside in another country, or plan to, you can transfer your pension into a QROPS, short for Qualifying Recognised Overseas Pension Schemes – and access a host of benefits.

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Click image for FREE Pensions Transfer Guide

QROPS offer some significant advantages no other type of pension scheme can.

QROPS Benefits
30% Lump Sum Available
Flexible income drawdown rules
No obligation to ever buy an annuity
Avoid high tax on pension income
Consolidate pensions into one easy to manage fund
Greater investment flexibility
Currency of your choice
Retirement age of 50
Transparent charges
Avoid further changes to UK tax and pensions legislation

There are now over three thousand QROPS available, and a myriad of different pension structures on offer.

Finding the best solution for your needs can be frustrating & time consuming, which is where I can help:

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Click image for FREE Pensions Transfer Guide

Email: adrian.rowles@devere-group.com for a FREE Pension Scheme Transfer Guide and an update on the safest tax efficient jurisdictions offering high yielding income.

The Huge 55% Tax charge effective April 6th !

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The NEW Tax liability increases 41 days from now on UK pension schemes that breach the reduced LTA threshold !?

This means that over half of retirement savings could be taken away from UK held pensions because of the new Tax threshold change on April 6th, 2014.

This massive Tax charge is decided by a calculation that tests it’s value against the LTA (Life Time Allowance) to do this the income needs to be capitalised. This is achieved by multiplying the income by 20 & adding any additional PCLS (Pension Commencement Lump Sums)

DB pensions (Final Salary Scheme) exceeding £62,500 are more likely to breach the new LTA threshold!
Even more people may be caught out if the LTA threshold continues to fall even lower before retirement (Death in service is also calculated as part of LTA at 3-4 times your salary)

Do nothing may result in higher losses to your hard earned retirement money!  Or find out NOW if you qualify to prevent the increased tax liability effective in 41 days & counting down.

That’s of course is if your pension fund is still around at retirement, as 97% of all UK pensions are underfunded with a widening deficit!

Some of the biggest companies in the UK have pension liabilities so large that even if the entire company was sold, it still could not honour even half their pension payments to its future retires! Did you pay into this company pension scheme & waiting for promised retirement payments? When did you last review your pension position & rules?

What are the government & companies response?

Some companies have attempted one off contributions to lower the deficit, but with pension fund investment returns lower than inflation & expenses, these efforts are short lived.
All final salary schemes are now closed to new employees, which along with lower employment opportunities reduces the number of contributors to support the increasing number of retires.
Raise retirement age!
Raise member contributions!
Raise individual pension tax liabilities!
Raise the cost of living thru inflationary monetary policies by competitive currency debasement!
Reduce pension funds investment returns thru investment restrictions & by keeping interest rates at artificially low levels in favour of debtors!

Sounds like a plan, but for who?

Future promises are already being broken on your savings that were paid into pension schemes! some people don’t have to accept this, there are preventative actions. Have you found out your position?

Get advised now! or pay the increasing costs later.

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QROPS continues to gain in popularity as expat retirement option

QROPS continues to gain in popularity as expat retirement option.

QROPS as a valuable investment plan for retired expats in well-regulated financial centres continues to gain traction. This month saw higher regulatory standards being implemented, and the Financial Conduct Authority has strongly recommended that all IFAs and pension advisers include QROPS in their retirement savings advice.

The total number of QROPS around the world increased to another high as of the beginning of October, at 3,140 pension schemes. Australia remains at the top, with a mix of corporate and private QROPS schemes. Many British expats move to Australia upon retirement.

In second place is Ireland, which has a substantial amount of corporate QROPS schemes. Big clients include Google, Amazon, Bank of America, Barclays and even the European Union.

New QROPS were opened in Australia (16), Ireland (9), the Isle of Man (1) and Canada (4). One scheme closed in Switzerland.

Out of the other 36 nations that host QROPS providers, 11 new schemes opened, leaving them with just over 10% of the number of schemes worldwide – compared with 89% for the top 10 nations.