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Is your pension going to live up to your retirement plans, or are you heading for shortfall ?


The first thing to do, if you have not done so already, is to get a UK State Pension forecast telling you, in today's money, the State Pension you have already earned in the UK, and what you can expect to have earned by State Pension retirement age. If you are still classed as a UK resident you can request a forecast on-line from the Pension Services website  www.thepensionservice.gov.uk  Otherwise you will need to go to the HM Revenue & Customs website  http://www.hmrc.gov.uk/cnr/osc.htm#5 to request a forecast.

 

You may also have been in a company scheme in the UK or be employed in France in which case you’ll receive a pension at retirement which is normally based on your length of service and salary level. However unless you have been employed by the same company and in the same pension scheme for forty years or more, this is still likely to fall short of two thirds of your final salary.
This should roughly give you an idea of what you could expect from your pensions, but the question is does it provide the standard of living you want for your retirement!
Each individual case is different and you are strongly advised to seek the help of a specialist in this field. At Spectrum IFA Group, our advisors are trained in this area and will be able to provide you with free, impartial advice, relevant to your particular case.
Financial Expat is registered and licensed in France under the European wide “umbrella group” of TSG insurance Services (The Spectrum IFA Group).

TSG Insurance Services S.A.R.L.
Siège Social: 34 Bd des Italiens, 75009 Paris
« Société de Courtage d'assurances » R.C.S. Paris B 447 609 108 (2003B04384)
Numéro d'immatriculation 07 025 332 - www.orias.fr

 

Posted by steve on July 25, 2007 02:24 PM |


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