Prudential Pension Funds

2008-01-03 13:13:38

( Business )



Background of Prudential UK

Prudential of UK is a leading financial services company offering various types of insurance and investment packages to supplement the basic retirement fund you receive as a social security benefit.

The company has more than ten million customers in the USA and worldwide. In the US alone, Prudential has sold over seven million policies.

Why Invest in a Prudential Pension Fund?

When you're employed, your employer helps you contribute to your social security, and may also give you a separate retirement fund as a benefit. However, the retirement contribution that your employer makes on your behalf is cut off if you resign or are laid off.

Furthermore, the retirement contribution you are making now may not be sufficient to sustain your needs once you retire. Sadly, many retired folks have found that their retirement funds are too small to let them retire comfortably, and they end up going back to the workforce to make ends meet.

Investing in your own personal pension fund will prevent you from experiencing this unfortunate predicament. You can think of a pension fund as a way to force you to save specific dollar amounts, leading toward a targeted fund size that you will expect to receive at retirement.

Personal pension funds are also independent of your employment status. You can continue to contribute to this fund even if you have resigned from your company or transferred to another job.

Prudential is considered as one of the best pension providers and is highly acclaimed as a stable, healthy company. Investing in a Prudential pension plan gives you better returns and other advantages compared to bank deposits. Your contributions to a Prudential pension fund also gets you tax breaks.

Features of Prudential Pension and Investment Funds

The Prudential pension fund is quite flexible in structure. You choose the size of your pension amount, and how long you want to pay for it. You can pay a one-time lump sum amount, or pay in installments on a yearly, quarterly or monthly basis.

You can also choose how much you want to receive at the point of your retirement. You can choose to receive a whole amount, or receive pension annuities for the rest of your life. You can even alter the installment amount if needed.

Getting Started on a Prudential Pension Fund

It's never too early to think about investing in a retirement fund. You can make inquiries through the Prudential website regarding your investment options. The site also has a built-in contribution calculator to compute your periodic installments so that it will facilitate your decisions regarding your pension fund.

Or if you wish, you can also consult a pension lawyer who will be in the best position to tell you all about the benefits, costs and risks of pension funds.


All rights Reserved © Tradenet Services srl
Do not duplicate or redistribute in any form.