Income stream leads offshore

Increasing longevity has a number of important and interesting consequences for those planning for retirement. If present trends continue, it will not be unusual for individuals to be retired for a longer period than they have been in work! This longevity places a strain on the traditional pension model as a means of funding financial needs in retirement. In every pension arrangement the fund, accumulated through a combination of tax-relieved contributions and virtually tax free growth, is used to provide a lifetime income stream. This income stream may be reduced where tax free cash is t...