Why wait? What is pre-funding and what are its benefits?

WHY WAIT?

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With some clients waiting upwards of two months for pension tax relief to be received, Andy Zanelli, head of retirement planning at AXA Wealth, assesses the benefits of pre-funding...

More often than not, it is the things that you take for granted, or that just happen without you really thinking about it, that can mean a great deal. In the modern, online, digital age, pre-funding could be viewed as one of those things. If advisers mention pre-funding to clients, are they aware of what we mean? Do all advisers and clients realise the true impact this can have? The concept of pre-funding is not a new one that has come in under the radar, but rather it has been a factor in the pension and savings world for many years. The concept is simple: when the customer tak...

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