Retirement Contracts offer another method of cashflow.
Retirement Contracts / Pensions are a tax efficient way of saving for the retirement years but there are a number of various structures that must be considered depending on each individuals Employment Status (Company Director, Sole Trader / Self Employed, Employee) and their age.
There are 4 main types of pension:
- – Executive / Occupational Pension
- – PRSAs
- – Personal Pension
- – Buy Out Bonds / Retirement Bonds
Advice should be sought from a Financial Advisor about the correct type of pension for your particular set of circumstances and income that can be expected from each type.
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