If you are thinking about investing surplus cash - maybe for retirement, for education planning or simply to make your money work harder given the low interest rates available - you will want to consider a range of different options.
We have previously reviewed the features and main advantages of overseas pensions. Such retirement plans are of particular interest to those expatriates who now live in Denmark, France, the Netherlands, Sweden and Switzerland. Here, we look at the benefits in more detail and see how a qualifying overseas scheme is especially beneficial as part of wealth management and retirement planning.
As part of one of the world's best pension systems, the Swiss state scheme is also known as the first pillar. In conjunction with this retirement provision that covers basic needs, company pensions form the second pillar. Together, the two sources of income aim to help retirees maintain their standard of living during retirement. An optional top up is available using the third pillar that comprises local Swiss products, such as those offered by leading Swiss pension plan providers.
In recent years, the pensions and financial services market has undergone considerable growth, with some exciting new investment options. At the same time, making provisions for our later years has become increasingly important.