What to do as you build your pension

As your pension funds could build into your most valuable asset, it’s vital you check them ALL thoroughly AT LEAST ONCE A YEAR. Simply ‘hoping’ they’re growing properly without checking them could end up being a hugely expensive mistake. A mistake you won’t be able to correct once you reach your retirement.

CHECK YOUR PENSIONS NOW USING THE LINKS BELOW.

You should thoroughly review your personal pension at least once a year, to ensure it’s working hard for you and growing into the largest fund.

Because of the benefits included in many company pensions, a pension transfer is rarely a good idea, but sometimes it’s your best move.

QROPS (Qualifying Recognised Overseas Pension Scheme) enables you to take your pension on a permanent holiday if you leave the UK.

Your pension fund could be attacked from many sources, including inheritance tax. If you don’t protect it with a trust, you could end up losing it.

YOUR PENSION COULD BUILD INTO YOUR MOST VALUABLE ASSET, SO YOU NEED TO TAKE VERY GOOD CARE OF IT.

 
Wouldn’t it be amazing if you could get hold of a machine that sits in the corner of your room, handing you money every day for the rest of your life? Whether you worked or not. Would you like a machine like that? Silly question – of course you would.

Guess what? Right now, you’re building not one, but possibly several such machines. Some people call them pensions. But if you think about them as money machines that once they’re turned on, they can never break, paying you money whatever your circumstances, the chances are you’ll take much more interest in them.

You’re building a money machine through your National Insurance Contributions – your UK State Pension. And you could have several money machines in development with former jobs and your current work. Every one of them needs regular attention on a yearly basis. And here’s why.

Once you set your machines to ‘pay’, there’s nothing more you can do. The amount you get out is directly related to the size of your machine. If it’s bigger, you’ll get more out.

Interestingly, it’s not just about saving more money in your pension. You stand much more chance of making your machines grow if you give them a regular check-up. Once a year is about right, providing you do a thorough job.

Consider this. You wouldn’t buy a car and run it for 40 years without giving it a service. In fact, once it’s three years old, the Government requires you to have it thoroughly checked annually. And a car loses value every year. Over time, your money machines will increase in value, providing you check them on a regular basis and make changes as necessary. And check them you should!

This section called CHECK YOUR PENSION is about the things you can do to make sure your money machines have the best chance to grow, ready for when you want to set them to ‘pay’. And how to protect your efforts from attack in case you don’t make it.

If you have a personal pension »

If you have an old company pension »

If you’re living or going overseas »

Protect your pension fund from attack and keep control of your money »