Yesterday we met with a firm of financial advisers based in Stratford Upon Avon, Warwickshire who raised the point that many people in the UK do not know how much they have in there pension pot or how well it is performing. Do you?
4 out of 10 UK pension funds are currently under performing and with the current turmoil of the FTSE now down to 4000 points equity based/stock market linked funds are struggling to even make money at all. A good guaranteed cash bond on the market is only giving about a 7% return, so why have all your eggs in one basket?..one thats falling apart…well you don’t have too.
If you are over 50 and have been contributing to one or multiple pensions during your working life, the chances are you have built up a decent pension pot. Did you know however, that you can access up to 25% of that pot as a lump sum now, rather than waiting until retirement?
Let take a very conservative example of a pension pot of £60,000
The chances are you are probably earning less than 5% per year on your £60,000. So if you were to take your lump sum of 25% or £15,000 and invest that into a product with much healthier returns you would be left with £45,000 in you pot earning 5% and £15,000 earning “x”%
At BMS Homes our minimum investment starts at £13,000 and we seen growth of 19% in 2007 and expect upwards of 26% for 2008 according to recent valuations of our developments.
Which means your £15,000 could give a better return per year by being invested overseas than your whole pension pot.
We can even put you in touch with a Financial Adviser near you so that you can get the right advice for your circumstances.
Filed under: Investment Homes Overseas | Tagged: cyprus property, investing, pensions
