Retirement Income Annuity Plan Hsbc

Hsbc earlyincome deferred annuity plan qualifying deferred annuity policy certified by the insurance authority eligibility 10.

Retirement income annuity plan hsbc. Early income annuity plan. If you are investing in a variable annuity through a tax advantaged retirement plan such as an ira you will receive no additional tax advantage from a variable. Regular income flow many annuity products in the market can offer a regular stream of monthly annuity payments while offering guaranteed. Life insured from age 55 70.

The value of your dc pension pot. A smart way to ensure a regular guaranteed income stream as per your needs post retirement is to buy canara hsbc oriental bank of commerce life insurance pension4life plan that is an annuity product where you will receive defined level of annuity instalments in exchange of a purchase price. Hsbc life retirement income is underwritten by hsbc insurance singapore pte. Life insurance that enables you to pay in to your early retirement plan for a short period when your earning power is at its peak.

To preserve this portfolio after retirement sally would need to achieve a before tax rate of return of 6 before tax. Secured retirement income you will want your savings to have guaranteed returns and provide a regular income flow throughout your retirement years. Add in tax and this could go up to another 1 2. Hsbc life retirement income is underwritten by hsbc insurance singapore pte limited ref no 195400150n and distributed by hsbc bank singapore limited hsbc.

Early withdrawals may impact annuity cash values and death benefits. Sally has determined her current retirement portfolio is worth sgd500 000 and her retirement needs would cost her around sgd30 000 every month. 2 guaranteed retirement income payment grip is payable monthly starting from the first month of the policy year in which you will attain the selected grip payout age until termination or maturity of the policy. Early surrender charges may also apply.

The income you ll get from your annuity depends on a number of things including. 3 year premium payment period life insured aged 35 75. Annuity rates at the time you re buying the income. It is not an obligation of a deposit in or guaranteed by hsbc.

The type of annuity you choose for example you might want to include a pension for a spouse or civil partner in case they outlive you. 195400150n and distributed by hsbc bank singapore limited hsbc. Your needs in retirement planning benefits of using insurance plans as retirement planning tools. It is not an obligation of a deposit in or guaranteed by hsbc.

To age 2 99 annuity period with 3 year premium payment period.