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Facts:
Retirement is a permanent holiday.
State provision in many countries is at subsistence level.
Most have grossly under-funded retirement plans.
Many receive retirement incomes of 20%
or less of their pre-retirement earnings.
People like to maintain the
same standard of living in retirement as they did when they
worked. To achieve this a small regular contribution into a
pension fund started at an early enough age is often all that is
required. Assuming that you have made provision for an adequate
income in retirement, that your mortgage is paid off and you
have few outstanding financial obligations, the need for
professional estate and inheritance tax planning should be
considered a priority.
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