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Contractor Pensions
http://www.tarpon-uk.com/?WT.mc_id=ON_V_YouTube
0845 643 1580
Info@tarpon-uk.com
Contractor Pensions
What is a pension?
A pension is a long-term investment to provide a source of regular income when you retire. Contributions are made into a pension fund while you are working which will then give you regular payments once you have retired based on the amount you have contributed.
A pension is one of the most cost effective ways of saving for retirement as the government gives you tax relief on contributions made. For example, a basic rate taxpayer can contribute £78 to their pension scheme; this is then "topped up" by the tax man meaning you actually have £100 contributed to your fund.
Less than half of people are currently saving enough for when they retire and nearly a quarter of people are not saving at all. When you retire, you'll still have bills to pay and will also want a regular income so that you can enjoy and make the most of your retirement years.
Why do I need one?
A lot of people may think that retirement is a long way off for them, and so put off setting up a pension fund. But people are living longer meaning your retirement years could equal a third of your life, so the earlier you begin making contributions to a pension fund the better. The State Pension gives a basic income when you retire, but it is wise to set up a private pension as well so that you can live the lifestyle you want.
Types of pensions
• The Basic State Pension
How much you get will depend on how much you have paid in National Insurance Contributions during your working life.
• The Additional State Pension
Depending on your individual circumstances, you may be entitled to additional State Pension.
• Occupational Pension
This is an arrangement that an employer may make to provide its employees with a pension when they retire. These are also known as work or company pensions. Most employers who run these schemes make contributions to the pension on top of the employee's contribution.
• Stakeholder Pension
This is an individual pension. The money you contribute is invested and can be moved to wherever you are working. There are a number of government requirements -- low minimum investments, capped fees and flexibility.
• Personal Pension
This is an individual pension which is likely to have higher minimum investments and fees than a stakeholder pension, but there will often be greater investment choice and flexibility.
• Self Invested Personal Pension
A Self Invested Personal Pension (SIPP) can allow you to take a much more active role in the investment of your pension pot. You may be able to choose from a range of fund managers and you could invest directly in property.
You should always seek financial advice before making any decisions about how to invest for your pension.
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Length: 178
Rating: 5.00 (31 ratings)
Tags: umbrella pension tarpon payroll tarponltd ltd paye advice salary pay tax employee benefits agency contractor contracting
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Senator Debbie Stabenow: Pensions
Fourth 2006 Stabenow for U.S. Senate campaign television commercial. Released September 20th.
Length: 32
Rating: 0.00 (0 ratings)
Tags: Stabenow Debbie Michigan Senate politics
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Contractor Pensions, there are several options to consider
http://www.tarpon-uk.com/?WT.mc_id=ON_V_YouTube
0845 643 1580
Contractor Pension alternatives -- important information to consider
Tarpon is an employment benefits company which offers contractors a tax-efficient payroll service. We are experts at giving impartial tax advice. We'll claim up to 100% of your expenses back for you. And we'll provide you with a personal business manager to handle both your admin and your invoicing. Plus many additional benefits making contracting more rewarding.
I'm contracting at the moment and my Umbrella Company have asked me whether I want to contribute to a pension -- what is a pension exactly?
A pension is a long-term investment to provide a source of regular income when you retire. Contributions are made into a pension fund while you are working which will then give you regular payments once you have retired based on the amount you have contributed.
So, why do I need a pension?
When you retire, you'll still have bills to pay and will also want a regular income so that you can enjoy and make the most of your retirement years.
The State Pension gives a basic income when you retire, but it is wise to set up a private pension as well so that you can live the lifestyle you want.
What types of pension are there?
The Basic State Pension
The amount you get will depend on how much you have paid in National Insurance Contributions during your working life.
The Additional State Pension
Depending on your individual circumstances, you may be entitled to additional State Pension.
Occupational Pension
This is an arrangement that an employer may make to provide its employees with a pension when they retire. These are also known as work or company pensions.
Stakeholder Pension
This is an individual pension where the money you contribute is invested and can be moved to wherever you are working.
Personal Pension
This is an individual pension which is likely to have higher minimum investments and fees than a stakeholder pension, but there will often be greater investment choice and flexibility.
Self Invested Personal Pension
A Self Invested Personal Pension (SIPP) can allow you to take a much more active role in the investment of your pension pot. You may be able to choose from a range of fund managers and you could invest directly in property.
And remember, you should always seek financial advice before making any decisions about how to invest for your pension.
Useful websites:
HM Revenue and Customs:
http://www.hmrc.gov.uk/pensionschemes/online/online-splash.htm
Financial Services Authority:
http://www.fsa.gov.uk/
More information from Tarpon:
http://www.tarpon-uk.com/employee-benefits/contractor-pensions/?WT.mc_id=ON-V-YouTube
Length: 161
Rating: 5.00 (21 ratings)
Tags: pension standard life umbrella company tarpon tax hmrc tarpon-uk expenses contractors dispensation contractor contracting employee benefits
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Czech Pensions Hit New Lows - April 9
Investment returns in Czech pension funds were the lowest in history, Global Money Management letter reports citing Hospodarske Noviny Daily. Also, PIMCO recently launched its Fundamental Advantage Strategy fund, according to Money Management Letter. Meanwhile, BlueCrest Capital Management is preparing to raise two new funds to take advantage of the opportunities it sees in EM. Finally, New Star has named Bhupinder Sethi the manager of its new Indian equity fund, a fund manager at Tata Asset Management said.
Length: 75
Rating: 0.00 (0 ratings)
Tags: EMII Institutional Investor
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Investment funds and pensions scandal? Fund management risk and opportunity. Rates of return for investors, investment banking future, regulation and markets. Retail funds performance. Conference keynote speaker.
http://www.globalchange.com Many fund managers don't recommend own retail investment funds to family and do not chose to invest own wealth in own funds. Future scandal in fund management? Risk management keynote conference speaker Dr Patrick Dixon addressing 100s of leading fund managers. Market confidence and investment fund misselling? Spitzer inquiry into financial services integrity, sales commissions, agents and distribution. Real investment returns low in many actively managed funds compared to tracker funds. Management charges often wipe out gains and teams move between companies so another reason why performance varies even in same company.
Length: 294
Rating: 4.80 (4 ratings)
Tags: fund management risk markets miss mis-selling miss-selling scandal performance return returns reputation sales retail business economics
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How West and Central Europe are dying - aging impact on business, industry, manufacturing, social issues, pensions, investment and workforce. Conference keynote speaker
http://www.globalchange.com Drop in fertility, aging impact. On current trends 8 great grandparents will be needed to produce a single great grandchild in countries such as Germany, Italy and Russia. Huge impact on markets, pensions, consumer choice, governments. New products and services for older clients. Longevity and life expectancy. Demographics and business. Workforce recruitment. Pensions crisis. Wealth management. Future of banking and financial services / insurance. Video of keynote conference lecture for financial services / bank by Dr Patrick Dixon
Length: 144
Rating: 4.30 (16 ratings)
Tags: ageing aging pensions crisis demographic old people social government policy patrick dixon consumers grey retired older business economics health humanities science medicine
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