Use the Tontinator section of the MyTontine app to plan your dream retirement and confirm which retirement solution best suits your needs.
All you need to do is give the age at which you would like your benefits to start.
If your question isn't shown below, just get in touch.
In a tontine pension, the assets are held in trust for the members and invested in a suitably diversified portfolio of regulated assets as required under European Union pensions laws. The trust has no liabilities and is not allowed to engage in any borrowing. In contrast with bank deposits and insurance policies, the capital of the trust is separate from the balance sheet of the provider and as such the trust capital is not exposed to financial and operational risks. Additionally, recent Irish case law confirmed that in the event of a person (for example, an entrepreneur) being declared bankrupt by their creditors, their lifetime income pension from the trust is protected.
As required under the Pensions Act and European pensions directives, the tontine capital must be invested in a diversified portfolio of regulated investments.
Our tontine pensions go one step further by adhering to the new investment standards set down by the EU PEPP Regulations which advocate for regulated investments with a strong emphasis on infrastructure and ESG compliant investments.
As such, the tontine pension capital will be invested by established European investment managers with a bias towards stable long term investments which offer a degree of capital backing whilst at the same time providing protection against inflation.
A tontine is a legal agreement where people make an investment into a trust in return for the right to receive a regular income for as long as they live.
When a member passes away, their income is shared with the remaining members causing the surviving members income to rise.
Depending on the legal terms in the agreement, the tontine may end, for example, once the number of members falls below an agreed threshold or when all of the remaining members reach 100 years old.
Tontines are a great way to help you take care of your children financially now without them having to wait until you die.
With existing pension products, your children have to wait until you pass away to see if there is any savings left over.
In a tontine, you tontinise some of your savings to lifetime incomes for you and your spouse now and then you can immediately gift the balance to your children to help them to pay university fees, buy a house or start a business.
In doing so, you also remove the risk that you will become a financial burden to your children later because you will have already ensured you can never run out of money.
You can expect about 6-8 emails per year