IFAs and pension providers talk up the benefits of pension transfers – but is changing horses so close to retirement worthwhile? Moving pensions is only worthwhile if you are achieving some financial objective and sometimes consumers must weigh up the cost of switching against the benefits. If you feel that moving your pension might … Continue reading Reasons for transferring a pension – and one why not
How much money is needed to pay for a comfortable retirement is the question everyone would like answered. Really, it’s a question without an answer because too many variables apply. The main problem is that none of us know how long we will live, so have no idea how much cash we need for … Continue reading How much do expats need to save for retirement?
Thousands of British expats retire to Australia, but those who go without a plan face a financial nightmare. The Australian government has some tough rules for expats – even the British. They will want to see that any potential long-term resident has enough money to pay their way. Australia does not have a free … Continue reading How much does retiring to Australia cost?
The longest journey for an expat starts with a single step – and that’s usually deciding to leave home to seek a new life overseas. Australia is one of the most distant but most popular destinations for British expats. Besides a sunny climate and healthy outdoor lifestyle, Australia presents no language problems and has … Continue reading Tips for expats moving to Australia from the UK
Sorting out your money for retirement is more complicated than arranging to have your pension paid into the bank after you give up work. Pensions come with lots of options and making the right financial choices for you may mean talking about your plans for later life with a professional adviser. Moving money can … Continue reading Planning for a comfortable retirement
Expat life is complicated enough having to cope with a new language and culture, but don’t forget to sort out your finances. Managing pensions and investments in the UK while living sometimes thousands of miles away in a different time zone takes organisation and patience even with online access to banks and financial providers. … Continue reading Five big retirement planning mistakes of UK expats
Retiring early is the dream for most expats in Dubai but the financial reality is few know if they can afford to give up work. For too many years, retirement has been decided by age rather than financial status. As soon as you reached 65, you stopped work and received a state pension. Now … Continue reading Retirement planning for UK Expats in Dubai
Sometimes changes at home or work can lead to retirement savers transferring their pensions between providers. If you are considering a switch, here are some of the most frequently asked questions about pension transfers explained. Do I have to leave my pension when I leave a job? No. You can take your pension with … Continue reading Early pension transfers
Expats must wait and see what new laws say before they can work out how much they are likely to get under new private pension laws. Chancellor Philip Hammond heralded new rules with some passing remarks in his autumn statement 2016. No one knows exactly what is on the way – but here is … Continue reading New private pension law?
Pensions are simple – you save a little money when you are working to pay the bills and to provide some luxuries when you are older and have less income. A pension comes in a few different types. Some are offered by employers and others are self-managed. A personal or workplace pension is in … Continue reading A guide to the pension system in the United Kingdom