Savings for Retirement

 

Having the resources to provide a secure income for retirement is a key financial planning priority for most people, even more so today when people are spending longer in retirement and state support is in decline. Regular saving through Vision is an effective and efficient solution.

 

Name: Philip Jones

Age: 55

Marital Status: Married

Dependant: Wife Anne (53)

Investment Product: Vision

 

How Vision can help:

 

Philip is planning to retire at age 65 from his job as a lecturer in international politics. He realises that his retirement provision will not support his lifestyle when he retires in 10 years' time and so he wants a disciplined approach to saving for his retirement.

Philip sits down with his Financial Adviser, who helps him calculate the regular premium contributions that he will need to make to help him reach his retirement goal. This can then be reviewed in order to make any lump sum contributions that may be required along the way.

Vision offers the ability to select from over 200 ILP Sub-funds, catering for a wide range of risk profiles. This means that Philip can select a mix of ILP Sub-funds to balance his attitude to risk with the potential for growth.

 

Additionally, there are no local taxes deducted on plans in Guernsey, where Vision is domiciled, which is also an important factor to consider when looking to protect investments. This also gives greater potential for growth to achieve a retirement fund, which aims to generate an income that will allow him to maintain his living standards after retirement.

 

 

Please note: The information in this case study is for information and illustrative purposes only and does not constitute legal or financial advice. Vision Terms and Conditions must be read along with the full Product Brochure and Details Guide and advice sought from your Financial Adviser before any investment decision is made.

 

This advertisement has not been reviewed by the Monetary Authority of Singapore.

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