Pensions & Investments

There are many different types of investment products on the market, each with varying levels of risk and return. For instance, you may be interested in fixed-term deposits. While low in risk, they produce low returns over the longer term. Alternatively, unit linked managed funds are flexible and can be higher risk, but over the longer term should be more beneficial than a savings account in a bank. But that’s just an overview. At Sound Insurance, we can help you decide what type of plan best suits you according to your financial goals and your attitude to risk.

Firstly, there are a few things you need to think about. For starters, you need to consider at what age you would like to retire. Then there’s your current age and your existing income. You also need to think strongly about how much you can afford to set aside for your pension contributions. One of the biggest benefits of a good pension plan is the tax relief available on your money for each premium paid. This includes tax free growth and a tax-free lump sum at retirement. There’s also the ability increase or decrease your contribution at any stage, should you start to earn less or more for any reason. But that’s just an overview. At Sound Insurance, we can help you with your expectations for retirement and how to achieve your goals.