Tim Bennett Explains: How pensions work
นอกจากการดูบทความนี้แล้ว คุณยังสามารถดูข้อมูลที่เป็นประโยชน์อื่นๆ อีกมากมายที่เราให้ไว้ที่นี่: ดูเพิ่มเติม
The second video in our threepart series explains in jargonfree language how final salary (defined benefit) and money purchase (defined contribution) pensions work.
How To GET MORE THAN 25% Tax Free Pension Lump Sum | UK Pensions
How does pension lump sum work? Is it possible to get more than a 25 percent lump sum? The answer is YES, and I explain how in this step by step guide.
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1:58 How Does Pension Lump Sum Work?
2:36 What Is An Annuity?
3:02 What Is UFPLS?
3:33 What Is Flexi Access Drawdown \u0026 How Does It Work?
5:48 How Can You Take More Than 25% Tax Free Lump Sum?
7:42 Using Pension Lump Sum To Reduce Income Tax On Withdrawals
8:39 Using Pension Lump Sum To Take A Tax Free Income
Many people are aware that 25% can be drawn out of their SIPP, personal pension or employer sponsored money purchase pension scheme TAX FREE, but they don’t always know how this works.
When you take a tax free Pension Commencement Lump Sum, you have to choose which income vehicle you are going to use. This could be either:
Uncrystallised Funds Pension Lump Sum (UFPLS)
Flexi Access Drawdown
In this video I describe how each of these vehicles works and how you can increase the amount of pension lump sum that you receive.
Understanding UK pensions and the tax planning opportunities available is a key part of personal financial planning the basics are all covered in this ‘Pensions Explained’ video.
Emergis eetstoornissen: de afdeling
Dit filmpje laat zien hoe de afdeling eetstoornissen van Emergis eruit ziet. In principe worden alle cliënten met een eetstoornis bij Emergis ambulant behandeld. Is dat niet voldoende? Dan wordt de behandeling uitgebreid met een deeltijdbehandeling of opname in de kliniek. Zie www.emergis.nl/ikzoekhulp/eetstoornissen
What is PENSION? What does PENSION mean? PENSION meaning, definition \u0026 explanation
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What is PENSION? What does PENSION mean? PENSION meaning, definition \u0026 explanation.
A pension is a fund into which a sum of money is added during an employee’s employment years, and from which payments are drawn to support the person’s retirement from work in the form of periodic payments. A pension may be a \”defined benefit plan\” where a fixed sum is paid regularly to a person, or a \”defined contribution plan\” under which a fixed sum is invested and then becomes available at retirement age. Pensions should not be confused with severance pay; the former is usually paid in regular installments for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment prior to retirement.
The terms \”retirement plan\” and \”superannuation\” tend to refer to a pension granted upon retirement of the individual. Retirement plans may be set up by employers, insurance companies, the government or other institutions such as employer associations or trade unions. Called retirement plans in the United States, they are commonly known as pension schemes in the United Kingdom and Ireland and superannuation plans (or super) in Australia and New Zealand. Retirement pensions are typically in the form of a guaranteed life annuity, thus insuring against the risk of longevity.
A pension created by an employer for the benefit of an employee is commonly referred to as an occupational or employer pension. Labor unions, the government, or other organizations may also fund pensions. Occupational pensions are a form of deferred compensation, usually advantageous to employee and employer for tax reasons. Many pensions also contain an additional insurance aspect, since they often will pay benefits to survivors or disabled beneficiaries. Other vehicles (certain lottery payouts, for example, or an annuity) may provide a similar stream of payments.
The common use of the term pension is to describe the payments a person receives upon retirement, usually under predetermined legal or contractual terms. A recipient of a retirement pension is known as a pensioner or retiree.
What is an allocated pension?
After you’ve retired, you can put your super into an allocated (or accountbased) pension which lets you to draw an income from your super savings. The rest of your super then continues to be invested.
For more information on allocated pension, please go to https://www.amp.com.au/personal/hub/planmyfuture/retirementpensiontypes
A common fear that people have is that spiders will walk on their face during the night. Another fear people have is that their superannuation won’t last their retirement. That’s where allocated pensions come in.
An allocated pension or accountbased pension helps to keep your super going as you move into retirement. When you retire (and you meet the retirement criteria) you can open an allocated pension account, and, funds from your super account can be transferred into it, so you can continue drawing a regular income, even though you’re no longer working. However, instead of being paid by an employer, you’re being paid by your super, which is funded by you, meaning you’re your new boss, I guess.
Your super or pension money will continue to be invested as per usual but each month, quarter, half year, or year whatever you’ve decided on, will be received as a payment.
There’s no limit to how much is taken out in each time, however, a minimum amount will need to be withdrawn each year depending on your age, until the balance is exhausted. Which means that while there’s no guarantee that an allocated pension account will mean money for the rest of a person’s life, it’s a good way to get a regular income, and your new boss is a pretty good boss. And you’d hope so. It’s technically you.
However, like any other investment, returns will vary depending on how the market is performing. So, to learn more, about whether it’s right for you and find out about limits and conditions that apply, speak to your super fund or your financial adviser.
นอกจากการดูหัวข้อนี้แล้ว คุณยังสามารถเข้าถึงบทวิจารณ์ดีๆ อื่นๆ อีกมากมายได้ที่นี่: ดูวิธีอื่นๆEconomy