Five million people trapped in poor paying annuities can sell them as a result of a new government plan. The measure is aimed at helping out millions of retirement savers who had to cash in their pension pots before new flexible access rules came in during April 2015. From April 2017, they will have the … Continue reading Annuity Freedom For Millions Of Retirement Savers
Do you know how much you spend each month – and more importantly what you spend the money on? Probably not. But maybe it’s time you took more notice of how you spend your cash by tracking expenses and making sure that you get value from money from every penny you do spend. The … Continue reading How Much Money Do You Waste Every Month?
Expats in some Gulf States are to lose some expensive perks as governments look to cut costs as the price of oil stagnates. Lawmakers in Bahrain are in discussions about scrapping electricity and water subsidies and stopping at least some free education for expat children. Meanwhile, in Kuwait, all visa fees are set to … Continue reading Gulf Expats Will Have To Pay For Perks
Public sector workers who will be getting their wages early have been urged by financial experts to spend responsibly and budget carefully. So far government workers in Abu Dhabi, Dubai, Ras Al Khaimah, Umm Al Quwain and Ajman, as well as members of the Armed Forces and federal government employees will receive early payment of … Continue reading UAE employees urged to spend their early Eid wages wisely (The National)
Working in the UAE can come with a higher salary than an expat would earn in their home country. But managing that money effectively is key to justifying why an individual chooses to work away from their the nation of their citizenship. Here, in the latest in my series on managing your money while working … Continue reading How expats can strike a financial balance in the UAE
We often see articles on the need to save for retirement and how we will be short if we do not save money as soon as possible in our working lives. While these are important points to consider, with an increasingly young population moving to the expensive lifestyle jurisdiction of the UAE, it can be … Continue reading Financial survival for newbies in the UAE (The National)
In recent times low oil prices, market volatility and the start of the quantitative easing programme in Europe have come about. UAE and GCC markets have experienced volatile movements in both directions over a short period. And there has been plenty of reporting (often contrary) on the value of homes in the region. All of … Continue reading Keep calm amid volatile markets to protect your assets (The National)
UAE Residents say they do not believe their end of service gratuity will meet the needs of their retirement. That is according to a new poll from the insurer Zurich International Life. Of the 1,000 surveyed, 83 per cent said the bonus they receive, when they end employment with a company here, is inadequate to … Continue reading UAE expats’ retirement funding time bomb – work harder and for longer (The National)
A survey conducted by Wells Fargo revealed that 22 percent of the middle class Americans say they prefer an early death to retiring without enough money to help them live a comfortable life. This is just how depressing the situation has been for people not just in America but also at other different countries. After … Continue reading Retirement ages across the world
From early on people are taught not only how money works but how it impacts people in different societies. Financial planning is extremely important but most people don’t really understand how to financially plan for the future. For instance, in many developed countries minimum wage standards keep people in certain financial categories. In the many … Continue reading Why Financial Planning Is More Important Than Ever!