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Asia Pacific Pensoion – The Benefits of Regular Savings

Business & Travel

Asia Pacific Pensoion – The Benefits of Regular Savings

The desire to accumulate wealth is a natural instinct shared by people across the world. Whether the aim is to save for a more secure future for you and your loved ones, or for a specific purpose such as the funding of your children’s or grandchildren’s education, or perhaps that well earned retirement villa. For most people the only way to achieve this is to save for it, and a convenient way to do that is on a regular basis. Time flies, so saving regularly can soon become a habit. Therefore it’s often surprising how quickly savings can grow, giving you the financial security and the ability to afford the things in life you really deserve.
At Asia Pacific Pensions we can offer regular savings contracts from as little as £200 p/month ($300). Today’s global environment demands a savings product which is tax efficient and capable of maximising returns, while also allowing the widest possible flexibility so that, as your circumstances or objectives change, your investments are free to adapt with you so that you can plan for a better future.

So when should we start saving?

The following table shows the percentage of salary required to achieve a retirement fund of $1 million at age 65, based on the assumption that the client’s annual salary is $150,000

Age   Monthly premium    Annual premium    % of salary    Total premiums paid
35         $1,073                $12,876               8.58%             $386,280
40         $1,553                $18,636               12.42%           $465,900
45         $2,289                $27,468               18.31%           $549,360
50         $3,615                $43,380               28.92%           $650,700
55         $6,450                $77,400               51.60%           $774,000

So the message is very simple……the sooner you start saving for your retirement, the better!

The above article is reproduced by Asia Pacific Pensions
Asia Pacific Pension Website click Here
who can be contacted either by email at [email protected] or alternatively by telephone on either: 038 074644 or 0800 178 269.

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