Build other re­tire­ment in­vest­ments

Jamaica Gleaner - - INVESTMENT FEATURE -

Util­is­ing an ap­proved re­tire­ment plan to in­vest for your pen­sion will en­sure that you can take ad­van­tage of the tax al­lowances that are avail­able in these funds. Also, in­vest­ing the max­i­mum al­lowed will help you to pay less in­come tax and put more money into your pen­sion plan. of your pen­sion fund by read­ing the trust deed and rules, and en­sure that you are mak­ing the most of your avail­able ben­e­fits. Pe­ri­od­i­cally track the fund’s per­for­mance to see if you are get­ting the best re­turn on your re­tire­ment in­vest­ments.

In ad­di­tion to your ap­proved re­tire­ment plan, work with an ad­viser to select other in­vest­ments that can sup­ple­ment your re­tire­ment in­come in the fu­ture. Choose in­vest­ing op­tions that can pro­vide higher re­turns, tax ad­van­tages and in­fla­tion pro­tec­tion, such as stocks or real es­tate.

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