Most people look forward to a retirement where they can devote more time to the pastimes they enjoy. However, when it comes to retirement planning and pensions, a veil of confusion tends to cloud their perspective.
 
The essential fact about retirement planning is that it is simply making provisions out of your current income and investing for the time when you come to retire. Though most States provide some retirement income, at the end of the day it is up to the individual to make provision and, in this way, providing for retirement is no different than setting aside money for any other future purpose such as a new car or holiday.
 
The significant difference between retirement planning and other investment objectives is one of magnitude. In retirement, we expect a continuation of, at the very least, our current standard of living. Given that we spend an increasing proportion of our lives in retirement and reduced State benefits, the need for early, effective retirement planning has never been greater.
 
What you can afford to contribute to ensure your future is dependent on many factors; including your current, ongoing financial commitments. Candour recommends you contribute 15% of your income, throughout your career, as a good benchmark for achieving a financially independent retirement.
 
Candour offer a range of international pension plans that allow you to accumulate the financial resources you require at retirement in a tax-efficient manner. These plans are flexible enough to give you the freedom to adapt to changes in your circumstances as your perspective on retirement over the years to come and employment status change.

Additionally, Candour advises on Pension Transfer Plans that enable you to make the most out of existing ‘frozen’ personal and company pension arrangements.