Post about "Education"

Fast Finance Facts: What is a Pension Drawdown?

Now more than ever, in a world that seems increasingly uncertain, it’s vital to put in place some plans for the future. As we’ve seen in the past couple of years anything can happen, so it’s important to ensure you have the best possible financial advice in order to make plans that suit your personal circumstances. Engaging a reputable financial advisor will allow you to see beyond your monthly payslip and not only secure a comfortable retirement, but also grow your wealth in the most efficient way.
Taking Care of your Future

While a good financial planner will be able to take care of all your needs on an individual basis, having a basic understanding of terms or processes you might encounter is a very good idea. While everyone probably already knows what a pension is, a pension drawdown may be an unfamiliar term. Here’s a basic, easy to understand rundown on a pension drawdown and how it may apply to you.

Do remember that the following information is very general, so you’ll need to talk with a professional to decide whether it is appropriate for you.

What is a Pension Drawdown?

In a nutshell, it’s a way of gaining an income from your existing pension pot (while allowing that to continue growing), by reinvesting it in a fund or funds that are specifically set up and managed for that particular purpose. There are many different ways to do this, all of which can have varying results – hence the need to engage an independent expert to do it for you. It should also be noted that this process does not come with a lifetime guarantee.

How Does it Work?

You can move your existing pension plan into a Flexi Access Drawdown account, from which you can take out a portion of your existing retirement fund as a tax-free amount, which can either be used for outstanding liabilities or used to re-invest and create a tax free income stream. From the remaining fund you can take an income which is taxed at your marginal rate of tax. How and when you choose to have this this come paid to you will depend on your situation and needs. Of course the amount of the income itself will depend directly on numerous factors, including how much is in the drawdown plan, how/where the funds are invested and how they perform.

Meanwhile, your original pension pot will continue to grow. It’s pretty easy to see that in order for this to work effectively, the pension drawdown fund(s) need to be wisely chosen so it’s worthwhile and leaves you financially better off.

Is it Right for You?

Only you and your financial advisor will be able to determine whether this is a wise and prudent financial decision to make for your future. You’ll need to consider many things, one of the most important of which is the tax implication on both the income you draw and on any future retirement fund savings.

Remember that a pension drawdown is just one option open to you and, if it’s not right for your particular circumstances, there are others. Before you make any decisions you should consult an independent financial advisor, who will be able to guide you every step of the way. If you look at engaging an expert as a long-term investment in your future, you’ll have a wealth of options at your fingertips that you may otherwise never even have known about. And that’s priceless.

Author Plate

Claire Novakovic is the go-to expert for those who need advice on pension drawdown and other related issues. As a Chartered Financial Advisor, she also holds the relevant FCA permissions to conduct pension transfer business including defined benefit schemes. Accudo Investments offers comprehensive independent financial advice tailored to each individual’s needs, using effective portfolio management and tax strategies to meet the needs identified.

Special Training For Brain Development Of Kids

Many researchers have proven the fact that functioning of brain cells of infants is twice active as adult’s brain. Neurons are the brain cells that connect together and power of neuron have the potential of a PC. Connectivity of neurons decides the smartness or intelligence of individuals. In human, brain development and the learning ability of an individual is 50% in the first four years of age. The nerves of individuals are reduced as they grow up and this is why the 1000 trillion nerves present in an 8 months baby are reduced to 500 trillion as it grows up. A child that has given more opportunities to explore will be much smart.

A majority of children, more than 90% of them use their left brain, but the imperative fact to remember is the right brain must also be utilized. Education system present in almost all the schools is designed to develop or use the left brain. Right brain is never the less significant because it is responsible for creativity, arts, feeling, imagination, visualizing, daydreaming, rhythm, holistic thinking and many others. Hence it is equally important to develop both side of brain. It is also most important to take steps to keep both the brain much active, by keeping them to perform analytically on an equal basis. It is the responsibility of parents to give activities to their children that ensures the involvement of both brain. If both brain used by children it is probable to enhance their learning power and they can also increase their brain power. If brain development programs are offered to children they can make most of the program and develop their skills to give work to both side of brain and remains high in intelligence level. Development of brain in human beings is based on the degree of how much it is used. If it is left unused there are more probabilities for individuals to lose as brain works on the basis of use it or lose it.

To ensure the progressive brain development in children, it is the role of parents to introduce their children with a reputable brain development program. Most of the experts suggest step by step educational program to the children which is systemic and efficient. Nowadays it is very simple to find out a lot of schools which not only gives importance to academic program, but they also boost the creativity of children through their extracurricular activities. It is probable to search internet and get hold of relevant schools that present with a variety of activities to stimulate the brain and encourage the development of children. A total development program to stimulate mental activity of children is also found out in the online sites and parents can try out these activities with their children while they are at home. Getting education from a school that implements total development program is much beneficial. Search for such schools and secure admission to enhance the future of the children and boosts in brain development.