International Teacher Pension Planning

How we help:

We help expatriate/international teachers select and set-up offshore savings and investment products for personal pension planning. We provide the information they need to judge for themselves which products are best suited to their requirements.

Suitable pension saving products:

Offshore savings plans are widely used by expatriate/international teachers to set aside money for retirement. It makes no difference whether a plan is called a (pension plan) (retirement plan) or (growth plan) they are all savings plans.

Therefore when choosing which plan to use the decision should be based on the plans ability to meet your pension requirements and not on the plans name.

When savers retire they can take regular withdraws from their plan to provide an income or withdraw all or part of their money to reinvest elsewhere or purchase an annuity.

Benefits

• Tax efficiency
• Access to savings before retirement.
• Ability to save for several objectives within one plan.
• Investment flexibility at retirement age.
• Time is money

For every five years you put off saving you double the amount you must save to achieve the same end result.

Therefore € 500 a month at age 30 turns into € 1,000 at 35 and € 2,000 at 40.

How much pension income will you need ?

If you have at least 15 years before you retire you will need to include inflation in your calculations. Long term inflation continuously reduces the value of money and can more than double the amount of annual income you need when you retire. € 25,000 today can soon become € 50,000.

To generate an annual income of € 50,000 requires a pension fund of approximately € 800,000.

To create a pension fund of € 800,000 requires monthly savings of approximately € 860 for 25 years.

25 years may sound like a long time but it's only 300 chances to do something about your future.

Guide for regular pension saving :

• Keep back enough cash for emergencies.
• Start as soon as possible.
• Save at a level you can maintain until retirement.
• Increase savings in line with salary increases when possible.

With Montpelier you get:

• Online portfolio viewer so you can access your account performance via the Montpelier website anywhere in the world you reside, put link in
• Monthly & quarterly newsletters.
• Client visiting programs
• Seminars
• Regular reviews and performance monitoring

Contact us

To ensure you choose a savings plan that meets your pension requirements for client protection, charges, access to money, premium flexibility and length of term you can contact us by using the contact form or email. As a rule you will receive a response to your enquiry from a Montpelier adviser within a couple of working days.

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