PENSIONS
Theexpertstellmethere’snot
muchchoicewhendecidingwhat
typeofpensiontogofor.
Aretheyright?
by JEREMY LESLIE-SMITH
In
choice
Jersey
when
many
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people
to
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planni
nk we
ngef
have limited tosuitthosewhoinvestlargeramounts.
CERT PFS CERT C
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Oracle Financial Services (Jersey) Ltd
retirement. To a degr
fectivelyfor
respect
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ontheisl
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co
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so now have a facility called
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Over
thewholepensionfundanduse
e
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menttounlock
and o
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ecent
her p
years
ension
many
p
lifeassurancecompanies youwish.
moneyhow
their services
roviders have withdrawn
Islandsle
and products from the Channel A
pe
avingonlytwocompaniesofferingnew comple
s SIP
pensions
rsonal pensions. Many people still have youshoul
x
Ps
and
, SS
dspeak
nee
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speciali
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with other companies that were taken advice.ForthisarticleIwill
adviserformore
island.
thosecompanieswerestillservicingthe thegenericideaofr
concentratemoreon
Retir
income
The key to ensuring a good retirement personaloroccupational
etirement
schemes.
planningandusing
does
ement
contributions
istoensur
andperformance
ethatyouregularly
.
reviewthe
Many
just
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ly
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a
io
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dive
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ll as a
pr
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when
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meanhaving
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vate p
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ension,
really comes down to
market
funds
leaders. The choice
thanjustthecompany.
and charges rather Let’shavealookatsomeoftheseinmoredetail.
Whe
1.
thekey
n planning
issuesisto
for
make
retireme
sure
nt effectively, one of bought
Investing in Property: Many people have
funds that match your cir
thatyouinvestinto g
This is where Independent
cumst
Fin
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provide
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crucial, especially for those who
ancial Advice is yourmone
vestingsolelyinpropertycantie
close interest or understand
do not keep a dif
yupandgettingaccesstoitcanbe
areoftenavailable.
the vast funds that market
ficult particularly when the property
also
ispoor.Relyingonrentedincomecan
R
property
beapr
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oblem
vacant.
especiallyintimeswhenthe
mean
etirem
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ent
ng
pl
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an
perso
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pensi
s not
on.
necessarily just
aboutchoice,wedonotdiffertoo
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UK with respect to the t
muchfromthe these
Assurance
have pro
Savings
ven to
plans:
be a
Over
ver
theyears
planning vehicles available.
y
For
pes of retirement savingsvehiclefor
y popular
people personal
thefuture.Peoplehave
buildin
benefited
guplumpsumsfor
tax relief on the premi
byclaiming
employer, how
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tio
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the majority of
and/or an oc sion
most
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suitable
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investor may opt to manage thei
re
r
sophisticated additional
tochange
benefit
over
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the
lpotentially
next
ums,
fe
however
wyears,
that is
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r.
assetsandlookataSelfInvest
own pension
(SIPP) or small companie
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consider a Small Se
s of up to 12 could mosttaxef
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way
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of
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saving
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for
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lf
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A
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to
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i
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red Scheme a
alter
contrib
s you can obtain tax relief on
the
all
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your
native
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persona
eas othe
lpensi
r than
on,
those
however
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they
fer
m
fr
a
tend
om
ny
JerseyIncome
utions up
Tax
to
Authori
certain
tie
limits
s.
set by the
r
20/20 sixteen
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