WHY DO I NEED TO PLAN FINANCIALLY?
“If you plan your life right, you can reduce the risk you face by planning for the unexpected.”
A Pension Plan is a retirement plan that requires an employer to make contributions into a pool of funds set aside for an employee’s future benefit. The pool of funds is invested on the employee’s behalf and the earnings on the investments generate income to the worker upon retirement.
Individual pension plans are offered by setting up regular contributions. These funds are normally invested in a range of assets like shares, bonds and cash which can offer high rates of return.