Retirement / Pension Planning

Insurance Planning
April 10, 2017
form 64-8
The importance of a Form 64-8
October 12, 2017

Capt Russell (Retired)Education and Training Service (ETS) Pension Planning



Capt Russell spent 10 years in the Army and throughout that time, just like every other serving individual he was gaining pension benefits. When he left the Army he was given a projection of income based on his service and was left dismayed by the low amount he would receive when he retired.

The challenge

Capt Russell wanted to make sure that when he retired from his new civilian career he would have enough pension income to support the lifestyle he hopes to have which includes a decent car, holidays and the ability to socialise regularly. Whilst this was important to achieve for the future he still needed to be able to budget for his lifestyle at the moment.

The results

As a result of our meeting David advised Capt Russell to invest in a St. James’s Place retirement plan on a monthly basis so as to build up a decent lump sum for the future. David explained the tax situation of investing in a retirement plan and also advised Capt Russell on which investments where appropriate to his specific attitude to risk.

The outcome

Capt Russell is now happy with his retirement plans and knows that as well as his Army pension and any other pensions he may be eligible for he can also rely on the pension he is investing in and is in control of. His main aim was to have certainty over his retirement and having control over at least one part of his retirement provision allows him to feel more secure about the future.

*The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected 
and may fall as well as rise. You may get back less than the amount invested. The levels and bases of taxation and reliefs from taxation can change at any time and are dependent on individual circumstances.