Knowing the type of personal pension that you have is key to understanding what will happen to your pension in the event of your death. The type of your scheme, as well as whether you have already begun to draw the pension, will determine what your partner, children and any other beneficiary will receive. In … Continue reading Are You Fully Aware of the Death Benefits on Your UK Pension?
The largest expat population is the Indian one, with 2,000,000 residents in the UAE. This makes up an astonishing 42% of the total population. Close behind, there is the Pakistani population with 1,200,000 residents, and the Filipino population at 700,000. The largest European population is easily claimed by the British, with a population of 240,000 … Continue reading How is the UAE`s Ex-Pat Population Broken Down into Nationalities, and Does This Impact Companies Required to Provide End of Service Benefits
Retirement could last longer than you may think, with the average 65-year-old retiree expected to live for more than 20 years. With all this spare time, it’s important to follow a few simple steps to ensure a pleasant lifestyle. 1. Start Saving Early With retirement now lasting longer than ever, you must have plans in … Continue reading 7 Ways to Improve Your Retirement
A lot of people are uncertain about their future, with many leaving retirement planning too late. Here are a few facts about it that you may not have known. More People Than You Think Have Little Saved One in seven people retiring this year have no workplace or personal pension. Relying solely on the new … Continue reading 6 Surprising Facts About Retirement
Australia is a popular retirement destination for British expats due its warm climate and quality of life. Cities such as Sydney, Melbourne and Brisbane offer an excellent standard of living, and therefore it is no surprise that many Brits choose to move there every year. If you are considering retiring to Australia from the UK … Continue reading British/UK Pension in Australia New Rules – Updated for 2017
Hidden in Barclays’ July interim results, was an issue that has the potential to affect almost a quarter of a million people in the Barclays pension scheme.The bank’s pension scheme is not in great shape, and as at 30th September last year, the pension shortfall stood at a staggering £7.9 billion. The deficit has increased … Continue reading How Ring-Fencing Rules Will Affect The Barclays Pension Scheme
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