Business Planning

Business Plans…

Take Your Brand Marketing Strategy To The Next Level By Utilizing Tote Bags

In recent years, the popularity of custom tote bags and reusable grocery bags is incredibly increasing in trend. More and more people are concentrating more on nature-friendly and reusable bags, these bags start to gain importance, and soon more cities would start following this development. You must know the opportunities of custom tote bags are immense, and the reaches are endless as there are helpful in various ways. Custom tote bags are an excellent eco-friendly product. Today, many countries, along with cities, are preventing the utilization of single use plastic bags for reducing environmental pollution. In short, custom tote bags seem to be an enticing option for everyone.

Is custom tote bags help your business?

First, you should know that a quality tote bag can sound louder than words about your brands and business. Custom tote bags with your logo can make your business on your customers’ minds longer. That’s why most companies rely on Custom Tote Bags to get their message across in the market and help grow brand recognition. Recently, many people are willing to carry tote bags and replace waste-producing plastic bags with reusable totes. Let’s take a look at the ways how custom tote bags can help your business.

  • Using custom tote bags are effective marketing tools
  • Way to gain more attention
  • Allow others to know what your company is about
  • Good replacement for plastic bags
  • Creating brand awareness of your company
  • Looks decent and eco-friendly option
  • Helps the environment in terms of reusable and recyclable
  • A cost-effective option for small and large business

In a highly competitive market, it is essential for every business to invest in efficient and lucrative marketing tools. Custom tote bags should not be overwhelming if you want to have the edge over your tough competition. Make a meaningful bond between the brands and consumers.

Make custom tote bags today with your design

In all aspects, custom tote bags are one of the effective products in the emerging bags industry. If you are looking to make custom tote bags, then you have to consider certain things before going to step into it.

  • First, you have to decide what your custom printed tote bags will be used for. Whether they carry groceries or to hold a bunch of promotional products, choose accordingly.
  • Then, you have to concentrate on the tote bag colors. You probably know that a bright tote bag will gain people’s attention. Think about the people you want for your tote bags.
  • Another significant part you have to focus on is the size of the tote bag depends on who you’re giving them out to. Mostly, a tone bag will help people carry their stuff around.

Turn your creative ideas into reality

When it comes to creating the fine look you want, interactive design tools make it easy to choose a decorative design, customized colors, and visual effects for a one-of-a-kind product. The design you have in mind helps you make a custom tote bag easily. In general, custom tote bags offer endless options based on your needs and requirements. Now, it’s time to turn your ideas into reality today!!!

 

Continue Reading

Grab The Ultimate Process Involved In CBD Vape Pen

Do you have any idea about the CBD vape pen? Want to use it and grab the health benefits? Then you have to know about it thoroughly and then start making use of it. At present in this modern world, people are searching for a better alternative to smoking. During that time, vaping is the right choice which will never harm you for any cause. The cbd vape pen is having a lot of positive effects and provides many health benefits for users.

Health benefits of CBD vape pen:

You can able to gain various benefits by making use of a CBD vape pen. Have a look at below to know its health benefits:

  • Potentially, CBD vape pen can able to reduce the complete risk of cardiovascular disease
  • Through this, you can have a night of better sleep, since it is having the ability to battle against sleep problems
  • It can able to solve your obesity issues very easily
  • It is having anti-inflammatory properties
  • It can completely reduce the artery blockages in you and control your seizure impacts
  • Reduce pain and inflammation very effectively
  • You can also get rid of the nausea problem through a CBD vape pen
  • Solve your stress, anxiety, depression problems
  • It can also able to solve skin disorders very effectively

Unique features of CBD vape pen:

CBD vape pen is one of the most powerful CBD products available with unique features and this CBD is the active ingredient of hemp. Its active formula helps you to grab the above-mentioned health benefits. This CBD product includes proven formulas that help to reduce fat at the same time this CBD product highly helps to protect you from different health issues such as reduce stress, depression, cure acne, pain and inflammation. There are different CBD products available but most of the people prefer to use the cbd vape pen to get the best result. Choosing the best kind of products from the best CBD stores can offer great benefits, even it is important for the people who are facing a lot of health issues.

Solving major health issues:

Usually, most of the people suffer from health issues due to a lot of major issues. In general, excessive weight is one of the factors that will cause the majority of health diseases that also includes kidneys issues, heart disease, snoring issue etc. Now you no need to worry about any factor because cbd vape pen is available to overcome all the health issues. It is one of the best CBD products available at pleasing rates online. By using this product you can enjoy ultimate health benefits.

CBD vape pen is made using lots of natural and superior ingredients, so you can utilize it without any hesitation. Along with this, it also grants you to reduce the majority portion of your health issues within a quick period of time. In order to gain the health benefits, you can buy and use the CBD vape pen regularly.

Continue Reading

What is the marketing mix and how can you use it?

There are principles and overall strategies that govern marketing for brands and businesses. The marketing mix offers guidelines to promote a brand and its products in the most beneficial and profitable way possible. It determines the brand’s place in the market, helps it effectively target its key demographics, and assists the development of marketing strategies. Modern marketing is dominated by digital channels, but selecting the best digital approach for your brand is crucial to converting leads to sales. And don’t discount traditional physical marketing materials – for certain products old school techniques can still prove extremely effective. Let’s look at the marketing mix, and how it could benefit your business. 

What is the marketing mix?

The concept of the marketing mix dates back to 1953, originally made up of the four Ps – namely product, price, promotion and place. This covers most of the different factors which can influence a consumer as they decide whether to use a product or service. By mixing these factors strategically, brands aim to elicit responses from their demographic, essentially directing their behaviour through their marketing message. The response could be a sale, or it could be signing up to a mailing list or filling in a survey. The four Ps also help businesses understand their own products and services, their appeal and the best way to market them. 

Product

This means your physical product, or your service, but it means more than that as well. We’re talking about the customer’s experience with your product – why did they choose it? What will it offer them? A good idea is to draw up customer profiles to define your target demographic – age, location, gender, profession, socio-economic standing, education etc. This way you can really get to know your customer, and learn to think like them. Knowledge is power, so learning as much as you can about your target audience will help you tailor your brand experience for them.  

Price 

Choosing the price level for your product can be a stumbling block. Of course, you need to turn a profit, but there are many things to consider. Price too low, customers may view it as a cheap and nasty or disposable market option. Price too high and you won’t make any sales. It’s important to think about your customer demographic and their earning power – if you’re selling to the midrange market you need to price as such. Pricing strategies include bundle, subscription, psychological – pricing as £599 rather than £600 to give the illusion of a cheaper price – among many others.  

Promotion

Contrary to what some think, promotion is not the same as marketing. It is a part of it, sure, but promotion is the process of how you communicate your product, your brand and their value to your existing and potential customers. It is important to identify which communication channels are appropriate and optimal for your target demographic. Digital channels are by far the dominant routes, but working out which to use depends on who you are trying to reach – social media communications can be tailored to fit almost all groups, such is their ubiquity these days (although much older people may not engage). Platforms such as SnapChat and TikTok are geared towards young adults and teenagers – those more likely to engage in viral marketing or user generated content. If you believe your product needs a lot of copy, a printed booklet is an ideal tool, and can easily be ‘digitised’ as a PDF and used in an email marketing campaign. Again, knowing your customer is critical when it comes to promotion. 

Place

Now you’ve got to know your customer base, priced your product and promoted it, how are you going to distribute it? Can you conduct sales purely online, or will you aim to place it in retail outlets? Wholesalers / re-sellers such as Amazon and Walmart have revolutionised placing products, leading to widened availability – if your product was aimed at a narrow demographic in the past it would have been much more difficult to find leads and generate sales. But on the other side of the coin, using those big, faceless companies takes away something from the customer experience, losing the intimacy and personal touch many consumers favour in this increasingly globalised world. 

The marketing mix may be almost 70 years old, but its principles are ageless, and by applying them you could more effectively develop your customer base, and turn leads into conversions. 

 

Continue Reading

How to Sell Remote Working to Your Boss

If you’re seeing the benefits of co-working and trying to decide whether it would be a good move for your career, one of the biggest barriers that you may face comes down to the idea of convincing your boss to start working remotely. Here are some strategies on how you can sell the idea of remote work to your boss:

Consider Your Position

List the items of your job that can be done remotely and how you can work most effectively in a remote location. Consider the framework of the local co-working space and if you’ll be able to get the best results with the job you have. Taking a look into the system and if you be able to effectively perform your job can often be the first sell for your boss.

Present The Research To Them

Doing the research yourself and take a look into a few co-working spaces in the area. Presenting them with real data on success stories on a specific co-working space, the costs, and what you can access will be important.

Consider It From Their Perspective

Even though working in a coworking spot may be highly beneficial for your ongoing work process, consider how it is going to bring value to your boss over time. Tie in why it is going to be important to the organization and how costs can be saved through coworking.

Have A Timeline In Place

Considering a trial or a one month short time period to try it with an evaluation period will always be an easier sell to your boss. Suggesting a trial of 3 days a week with coworking may also be an easier soft sell over permanently changing your location as well. Having a flexible attitude throughout the trial period can be an important way that you can keep your options open with your boss and make the transition easier with them.

Consider these top ideas as you are working to sell coworking to your boss.

This post was written by Tara Kintz. Tara is a director at Signature Workspace which is a work space rental. Signature Workspace, owned and operated by Cantor Fund Management, offers services and amenities such as private offices, flex space, co-working space, virtual offices, meeting/conference rooms, and more.

 

Continue Reading

What Options You can Have if You Want to Opt for VAT

The heterogeneity of the determining elements for the taxation of goods or different types of services (e.g. taxation to the beneficiary or to the provider of the service itself), the double allocation for taxable services and those excluded from the scope of tax, and finally the inclusion of “benefits” without any real counterpart (eg donations, subsidies, dividends).the heterogeneity of the determining elements for the taxation of goods or different types of services (e.g. taxation to the beneficiary or to the provider of the service itself), the double allocation for taxable services and those excluded from the scope of tax, and finally the inclusion of “benefits” without any real counterpart (eg donations, subsidies, dividends).

  • Do not neglect the international dimension

For companies with international activities, national VAT regimes, which are sometimes very different from one another, can lead to distortions (multiple taxation or, on the contrary, absence of taxation). This is true even within the EU. Indeed, although the 6th European Directive on VAT – recently revised – harmonized its regulations in 1977, significant differences remain both between the rules as they are included in national legislation, and between practices of each of the Member States. In addition, the United States, the world’s leading economic power, does not know VAT, even though a large number of States in the Union levy a sales tax. All these differences result in distortions of competition, both internally and in cross-border trade – in services in particular. For the business calculator this is essential now.

  • The VAT Solutions in EU

For years, multiple efforts have been made within the EU to simplify and strengthen the harmonization of VAT. A few years ago, the OECD also began to take a very serious interest in this consumption tax: first because of the boom in electronic commerce observed since the mid-nineties, then out of concern. to harmonize the rules relating to the collection of this tax, in particular for the provision of cross-border services, the volume of which is constantly increasing. It goes without saying that this is a long process, in which States must begin by understanding the reality in which businesses struggle, faced with increasing globalization and interdependence; they also need to understand the complexity of the multiple electronic cross-border services that are offered today.

  • A third of the VAT burdens businesses

Calculations by the Federal Department of Finance show that around a third of total VAT revenues in Switzerland correspond to a non-chargeable and non-refundable tax on goods and services purchased by businesses and communities. This cannot therefore be passed on openly to the finished product and to consumers. This is mainly due to the restrictions which affect the deduction of input tax, in particular for transactions excluded from the scope of tax. The current VAT law has many such exceptions. One of the stated goals of the overhaul initiated today is to reduce the number to the politically feasible minimum. The hidden tax payable by businesses currently stands at around 6 billion francs per year, or roughly the equivalent of what all businesses pay in direct federal income tax.

Continue Reading

Top 6 reasons to get a Microsoft Azure certification for a Successful Career in Cloud Computing

In the past some years, the whole concept of computing has been a transition towards the cloud computing. This computing model is internet based as it provides data and shares computer processing to computers and other digital devices which are in demand.

Cloud computing is an ease to globally access shared pool of computing resources which helps the information to get transferred with minimum efforts. With the help of this cloud computing, users are able to store up data and process it in another data storage centers. It is convenient for those companies who doesn’t invest a huge amount of money on IT department.

With a large number of majorities in organization, the world has started adopting the cloud and the demands for the professionals in this field has reached up to a great height. Highly paid salaries and huge range of experts have made it as a very much desirable industry for IT professionals.

Why Azure?

A certification in Microsoft Azure can help one to significantly increase a candidate’s chance of getting hired in the cloud computing domain.

The opportunities for the certified candidates have hugely multiplied in few years due to the growing demand.

  1. As reported from Microsoft, over one thousand new customers sign up to Azure. So, in a year it’s almost 365,000 companies who adopt MS Azure.
  2. It’s being used by 57% of Fortune 500 companies
  3. The commercial revenue has increased by 104% with an annual turn over of 6.3 billion dollars.
  4. UK government gave a official empowerment to Microsoft Azure.
  5. There’s a Microsoft Azure Government offering which has been backed by the US Government.

Cloud Computing in different Industries

There’s a drastic change in the way of business done across every industry sector related to the technologies and field of Cloud computing. It has profited a great traction in past few years, bringing some transformation and fast processing in the sectors.

  1. Banking

Cloud computing gives an opportunity to the bankers to connect with their users and customers directly. These several digital services help them to maintain and build up a strong relation with the customers anytime and anywhere. Storing, managing and giving access to the information will be easier for both the bankers and the customers through this computing. Deploying banks seems to have a decrease in the time and efforts given by users.

  1. Healthcare

The industry of healthcare has been highly sensitive to personalized information which makes it more challenging to control and handle those days. This is the place where the cloud becomes the hero: Cloud computing helps in changing the way hospitals, health care centers and clinics gives quality and productive services to their patients. The cloud has helped in revolutionary’s healthcare which makes it efficient and improves the patients experience by giving services at a low cost.

  1. Education

The benefits of the cloud computing is not just in businesses but also in the fields of education across the globe with significantly more number of organizations using some kinds of cloud based application. The immediate benefits help in reducing the infrastructures and IT costs which increase the accessibility of collaboration. It has potentially changed the working of education both in the online mode of teaching as well as those old customs of classroom teaching going on since ages and with the help of this it has helped the students to connect with virtual classroom with any device whenever they want to.

Four Reasons to get a Microsoft Azure Certification

  1. Focus on the public cloud

With the increasing number of business who adopted the cloud and cloud computing it has been expected to become a $300 billion business by the next year globally. As the technology world is developing more and more careers are coming to suit the needs of computing landscape. The data which you consider in learning the cloud technologies like Microsoft Azure is quite impressive.

  1. MS Azure has the Lion’s Share

Azure is able to catch up with the amazing rate of competitors. As per the survey conducted by the senior Architect in Microsoft Consulting Services, David Ziembicki: the userbase of Azure is comparable to that of AWS, and according to customers it has been moved from Hyper V to Azure.

  1. The technology of the future

Cloud technologies are evolving with a great rate, exceeding the rate of growth taking place in the IT sector.

  1. Easy to adapt and Learn

With an effective Monopoly in the OS market many users will be becoming familiar to the Windows Operating system. It’s a huge advantage to work with the principles of Azure since the concepts are easy to learn if we work with an exposure to Microsoft’s tools.

 

Continue Reading

Royalty Pharma (NASDAQ: RPRX) Stock Is Likely to Reach New Highs in the Coming Years

Royalty Pharma (NASDAQ: RPRX at https://www.webull.com/quote/nasdaq-rprx ) began exchanging on the NASDAQ June 16. It has been the biggest first sale of the stock so far in 2020. Royalty Pharma offered 77.7 million offers, which was 7 million higher than at first arranged. RPRX stock was valued at $28. The offers opened at $44 and on June 18, hit a high of 56.50. RPRX stock is as of now short of $49.

Along these lines, there has been impressive enthusiasm from retail and institutional financial specialists the same. Today, I’ll investigate the organization to check whether RPRX ought to have a place in a drawn-out portfolio.

As the momentum COVID-19 pandemic has appeared, Research and Development (R&D) is at the focal point of medication improvement. Also, building up another professionally prescribed medication is probably going to cost well over $2 billion.

As indicated by the Association of the British Pharmaceutical Industry (ABPI), “The worldwide pharmaceutical industry put over $1.36 trillion in R&D in the decade from 2007 to 2016 and estimates anticipate yearly speculation of $181 billion by 2022.”

The pharmaceutical business faces money related difficulties as it grows new medications. “Patent termination diminishes in R&D efficiency, and a general decrease in gainfulness” additionally add to the drawn-out issues biopharma bunches work to survive. In this manner, numerous biopharma organizations supplement their financing through royalty-based licenses.

The U.S. Food and Drug Administration (FDA) features that a medication patent goes on for a long time. Yet, about the portion of that time is, when all is said in done, spent to build up the medication. Put another way, sedate improvement is an expensive and extensive procedure.

Royalty Pharma accomplices legitimately “with organizations to co-subsidize late-stage clinical preliminaries and new item dispatches in return for future eminences.” And it likewise “secures existing sovereignties from the first pioneers.”

The organization’s history returns to 1996 when venture financier Pablo Legorreta established the gathering and effectively started its plan of action.

Such buys permit colleges and biopharma organizations to adapt their protected innovation, making more noteworthy money related adaptability for them while allowing speculators a chance to take an interest in the existence sciences industry at the lower chance. Royalty Pharma is the biggest of these medication royalty venture organizations.

The organization right now holds a scope of eminences that qualifies Royalty Pharma for installments dependent on the top-line deals different treatments, including Imbruvica, Januvia, Kalydeco, Trikafta, Truvada, Tysabri, and Xtandi. A portion of the organizations it accomplices with are AbbVie (NASDAQ: ABBV), Biogen (NASDAQ: BIIB), Johnson and Johnson (NYSE: JNJ), Merck (NYSE: MRK), and Vertex Pharmaceuticals (NASDAQ: VRTX).  Now investors can buy stocks online. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Continue Reading

5 Spiritual Benefits Of Yoga

Over the years of practicing yoga diligently, I have noticed some pretty obvious benefits of yoga that everyone in today’s modern and urbanized world certainly needs to survive. These benefits fall into three main categories: physical, emotional-mental and spiritual. In my last two columns, I talked about the five main physical benefits and the four main emotional-mental benefits. This time, I tackle the last and highest benefit: the spiritual.

First is letting go and letting God. It is common in any yoga swing class to practice the asana (posture or pose) known as child pose or balasana. In this posture, your forehead is on the ground in reverence to a higher power. It is a great reminder that you are not supposed to have all the answers right now. You are not supposed to do everything on your own. There is a higher power at play who can offer you all you need, once you tune into its infinite energy.

Second is receiving guidance and direction. When you chant a mantra in a yoga class and tune into the vibrations of the mantra, you just might hear an answer to your prayers. Meditation is listening deeply to the sound of the soul, and chanting mantra is an effective way to cut through all your mental garbage and listen deeply beyond the mind and in connection with Divinity and your soul’s calling.

Third is knowing the unknown and seeing the unseen. It sounds all very mystical and silly, doesn’t it? However, through the practice of yoga, particularly eye focus exercises known as drishti — such as focusing on the point between the eyebrows, chin or crown of the head — you can stimulate the pituitary and the pineal gland to the point of being able to discern the consequence of your actions or words before they happen. Hence, you become a wise sage making less mistakes that harm yourself or others.

Fourth is connection with the divine forces at play in the universe. Through the practice of yoga trapeze postures that open the heart center, stimulate the third eye and open the crown chakra, we start to realize that there is more to life than my body, my goals, my thoughts, my emotions, my desires, my passions, my dreams, my fantasies. We start to tune into the bigger purpose of our life in relation to others and in relation to the divine forces. We are able to feel a divine connection that cannot be expressed in words yet gives us the ability to feel supported during the darkest times.

Fifth is Oneness. Oneness is a funny concept, and it is not limited to uniting mind, body and soul. Oneness is about moving beyond dualities like good and bad, right and wrong, black and white, rich and poor, happy and sad. Such dualities cause us pain and suffering. The practice aerial yoga hammock connects you with the source of creation. A source that is perfect. When you can feel this oneness, this wholeness, this perfectness of the Creator who has created Creation — the sun, the moon, oceans, seas, animals, birds, plant life, wind, air, fire, Mother Earth — it becomes much easier to carry gratitude and contentment in your life and accept both others and yourself, just as you are, regardless of all your perceived “flaws.”

Continue Reading

Ways Motivational Speakers Can Encourage Your Employees  

There are many reasons why you would like to search for motivational speakers. It is possible that you would like to encourage your employees to know more about the different goals of your company. You may feel that your employees are unable to provide the type of performance that some of your latest tasks require. The best thing that you can do is to look for a business speaker that will provide the type of motivation that your employees need at this point. Learn more about hiring the right motivational speakers when you click here.

  • You May Need Another Person to Motivate Your Employees          

There are a lot of business owners who would like to motivate their own employees. They believe that they would have the ability to do that. Take note that there are some employees who will become more motivated when they know that there is someone else who will provide them with the details that they are searching for. Find the right details when you check this out. Do not feel bad if other employees will see the perspective of another person more important as compared to what you were trying to tell them all along. You can look for change management speakers to provide you with what you need.

  • Allow People to See Things Differently

One of the main problems that business owners may have is realizing that their employees are just not motivated enough. This means that they do not have the ability to check out some of the things that they do from a different perspective. What if there are things that can be done that will be much simpler than what you have expected? People might see this and start to realize that they can do their work better too.

  • Find New Ideas and Techniques

There are various ideas that are available right now but some people may not see what these ideas are unless it would be pointed out to them by the right speaker. It might seem like such an easy thing to do but you also realize that there are some things that may seem obvious to some people. Yet, it will not be too obvious to you. Hiring the right business speakers Canada will allow your employees to discover new techniques and ideas that will be more ideal for your business in the long run.

  • Get Enough Energy and Inspiration

It will always be harder for some people to become inspired enough to do things. Think about it this way, isn’t it that it is always easier to come up with new things to do when you are inspired? This is how your employees should be. They should feel inspired enough that they will get just the right amount of energy in order to do work.

By making your employees inspired, you can do the following:

  • Allow your employees to start believing in themselves again.
  • Make them realize their main purpose of why they are working for your company.
  • Feel motivated because they feel that they can do the tasks that they are required to do.
  • Help them see their abilities that they may have forgotten.

With all of these things in mind, it will be easier to see why the right speakers Canada will make a lot of difference.

Continue Reading

6 things to avoid when accessing your pension

Thousands of retirees access their pension every year. However, it can still involve making lots of challenging decisions.

  • How should you access your savings?
  • What is a sustainable annual income?
  • What can you do to minimise tax?

Understanding the pitfalls to avoid when you first access your pension can help you build a retirement income that suits you. Knowing your decisions have been carefully weighed up can help you enjoy the next chapter of your life confident in your finances.

So, what should you avoid when planning how to create a retirement income?

  1. Don’t blow a lump sum without considering the long-term implications

Since 2015, many pension holders have been able to take up to 25% of their pension tax-free in an initial lump sum. Whilst it can be a fantastic way to kick-start your retirement, you do need to consider the long-term impact.

Would buying that new car or planning an extended holiday be worth it if you knew it would mean being unable to achieve your goals throughout retirement? In many cases, taking a lump sum is affordable. However, it’s essential you look at how it’ll affect your retirement income for the rest of your life first.

  1. Don’t hold withdrawals in cash without a plan

If you choose to access your pension flexibly, it can be tempting to make withdrawals and hold in cash. It can provide some reassurances that the money is there if you need it. However, when you consider inflation, cash decreases in value in real terms. In contrast, keeping your pension invested until you need it provides an opportunity for growth.

Of course, growth isn’t guaranteed and volatility is to be expected. It’s important that your investments match your risk profile and you consider dips in the market when you make a withdrawal.

  1. Don’t access your pension as soon as possible without considering the risks

Most people holding a Defined Contribution pension will be able to access it from the age of 55. It can be incredibly tempting to dip into it at this point. But if retirement is still some way off, it may be worth holding off.

Remember, your pension is designed to provide you with an income throughout retirement. Accessing it before you give up work could leave you financially vulnerable later in life. You may find that by making a withdrawal you reduce the amount you can save tax-efficiently into a pension. Lower contributions could again have a significant impact on your retirement income.

  1. Don’t forget to consider tax when making withdrawals

Many people benefit from the initial tax-free lump sum when accessing their pension mentioned above. But further withdrawals are likely to count as income and, therefore, will be liable for Income Tax.

The Personal Allowance, the amount of income you can receive without paying income tax, is £12,500. If your total income is greater than this, you will need to consider Income Tax. Keeping track of withdrawals over a tax year is important. You could inadvertently cross into a higher tax bracket if you’re not careful.

  1. Don’t choose the first Annuity provider you find

An Annuity is a policy you purchase with retirement savings that then deliver a guaranteed income for the rest of your life. You don’t have to purchase an Annuity but if you do, make sure you shop around.

There are many different Annuity providers on the market, offering different rates. Even a small difference can have a large impact on your overall income and help your savings stretch further. You should also take some time to compare different Annuity products. Some, for example, will link your income to inflation in order to maintain your spending power throughout retirement.

  1. Don’t be afraid to ask for help

The decisions you make about your pension at the point of retirement can affect your income for the rest of your life. It’s not surprising that it can be a daunting and complex decision. Remember to ask for help and advice if you need it.

Friends and family that have already retired can give you help from their perspective. But remember your situations and aspirations may be very different. Seeking financial advice can give you the support of a professional that will look at what your options are with you in mind. Some retirees will find that a stable income delivered through an Annuity will be best for them. Others will prefer flexibility. A financial adviser can help you understand the different routes and what they may mean for your retirement. If you have any questions about accessing your pension, please contact us.

Please note: A pension is a long-term investment. The fund value may increase and can go down, which would have an impact on the level of pension benefits available. Your pension income may also be affected by the interest rates at the time you take your benefits. The tax implications of pension withdrawals is usually based on your individual circumstances, tax legislation and regulation, which are subject to change in the future.

 

Continue Reading