The prospect of retiring abroad can be exciting for many, and is a trend that’s not going away anytime soon. It brings with it the possibility to pursue new interests, a different climate, and an exciting and less expensive way of life. However, retiring abroad requires careful planning, and there are a few critical areas … Continue reading How to Plan Your Retirement Abroad
Relative to defined contribution pension plans, defined benefit pension plans are complex investment vehicles. A defined benefit plan is a type of pension in which an employer or sponsor promises a specific payout upon retirement. The payout is calculated on a variety of factors such as length of employment, salary history and age at retirement … Continue reading UK Defined Benefit Pension Plans – Should You Transfer Out?
It can be tempting to put retirement planning on hold. However, putting your money to work at a younger age could dramatically increase your retirement pot, and ensure comfortable living later in life. It is essential to have a plan in place, as it is not something that can be built up over night. … Continue reading Top 8 Ways for Expats to Save for Retirement
On July 3rd, PwC announced that the UK Pension Deficit is currently at an astonishing £460bn, meaning that the potential liabilities of the schemes are greater than the assets. The deficit has been brought about by increasing life expectancy, underfunding by companies, and a fall in equities and bond yields. Due to this deficit, companies … Continue reading What happens If my UK pension scheme has a deficit
Lifestyle Sacrifices If You Want Early Retirement If you want to take early retirement but can’t afford to, it’s probably because you only have yourself to blame. Early retirement for Expats in UAE, UK and Australia is an achievable goal for many but it doesn’t come without some lifestyle sacrifices. That means you literally can’t … Continue reading Lifestyle Sacrifices If You Want Early Retirement
After tight regulations in 2015, UK pensioners aged 55 years and above can now transfer their pensions to Australia once again. These new schemes are referred to as 55 plus due to their age qualification. In 2015, Her Majesty’s Revenue and Customs (HMRC) declared all Qualifying Registered Overseas Pension Schemes (QROPS) in Australia non compliant … Continue reading How to transfer your UK pension to Australia (Updated 2017)
UAE residents are said to delay saving for their retirement longer than other world population. The same is also true for expatriates working in the UAE. While this may be due to a number of reasons, GCC (Gulf Cooperation Council) countries have implemented state pension schemes for their citizen employees. Pension law Under the … Continue reading Retirement Options for UAE Workforce
Dubai is a fabulous desert playground for expats tempted to spend their tax-free salaries on a playboy lifestyle rather than save for retirement. Spending rather than saving is a trap many expats lay for themselves. Rather than think about tomorrow, the shopping malls, entertainment and outdoor, sporty lifestyle can suck away money. Although expats earn … Continue reading Why Saving Is Important For Expats In Dubai