Blog: the role of EIS in retirement planning

For those near or at the pensions cap, the situation is no less challenging. Funds which exceed the cap will be taxed at 55% so investors are naturally taking a very cautious approach to their asset allocation. While there have been concerns in the past about people taking on too much risk with pensions saving, the opposite is becoming more common. Inevitably this is creating funding problems as we are all living longer and therefore spending more time living on savings. This situation is compounded by the current low level of annuity rates, with research showing incomes suffering the bi...