Having decided an offshore pension plan is the correct choice, take a look at the following checklist and consider your personal priorities:
- Ability to increase or decrease your premiums
- Ability to pause your premiums
- Ability to choose a policy in the currency of your choice
- Ability to pay your premiums by credit card or standing order
- The security of the plan to match or exceed that of the UK
- Ability to reassess risk levels as you near retirement
- Ability to assign heirs or successors to your policy for easy transfer
- Option for withdrawal of cash midway through the plan
- Ability to invest ad hoc lump sums to boost your pension
Once you have made a decision on what aspects are most important, give your financial adviser a call and discuss the above points. They will be able to give you in-depth advice and help you clarify what your financial goals are.