RF Personal Pension Plan
When we talk about retirement, we’re talking about the longest holiday of your life! Your pension is an essential part of your financial planning. Each RF Personal Pension plan is used as means of encouraging persons to invest in their retirement. It is essentially designed for creating retirement income and allowing you to enjoy those golden years and the peace of mind you are dreaming of.
Things to think about
How much will I need when I retire?
There is no magic number for the amount you should have available for retirement since each individual’s priorities and needs are unique. However, it is estimated that you will need at least 70% of your pre-retirement earnings. For example, If your yearly income at present is $30,000, you would need at least $21,000 per year after retirement in order to maintain your lifestyle.
Can I rely solely on my National Insurance pension?
Your National Insurance pension will likely only meet a small portion of your retirement requirements, so your employer and/or personal pension investments will form the core of your retirement assets. If you’re thinking about maintaining your lifestyle at retirement, you’ll need to take matters into your own hands.
How soon should I start saving for retirement?
Believe it or not, the early bird really does catch the worm! The earlier you can contribute savings towards your retirement, the more time they will have to grow. When it comes to preparing for a comfortable retirement, time can be your biggest ally. An extra 1% can be the difference between retiring on your terms or someone else's.
Benefits of an RF Personal Pension Plan
Strong Investment Performance
Select from a range of investment portfolios and decide which combination best meets your requirements.
Invest the amount you want, when you want. You can contribute in lump sum payments or on a predetermined scheduled with a minimum of $100 per month or $1200 per annum.
Regular reporting and online access.
Low annual administration fees.
Click here to learn more about an RF Personal Pension Plan (PPP).