Spearpoint
Retirement Services

How Does It Work

With a trust-based pension you decide how much and by what means you want to contribute - either as a lump sum, transfer from existing pension arrangements or on a monthly basis. The idea is to build up a fund that will be used to generate an income to replace your earnings when you retire. 

Your contributions are fully tax-deductible (up to a specified maximum) and if an employer pays in to your fund, their contributions don't have an impact on your individual limit.

You have the option to withdraw from your fund once you reach the age of 50 - by taking a partial lump sum and a regular income from the placement of funds into income producing investments. You may also defer the income requirement as your circumstances dictate. It's a remarkably flexible and tailored solution that puts you in control of your retirement planning.

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