Ranking Top Ten Expat Retirement Destinations
Many people on the verge of retirement see a change of scenery abroad as the perfect life move, when relaxation and indulgence take over following long careers that may have spanned over 40 years. While retirement options differ from person to person, the general consensus is that ending your working commitments and retiring abroad is...
Death In Service Insurance
Many people working abroad for UK companies are entitled to death in service benefits either as part of their pension or an employee-run insurance scheme. These will usually pay out up to four times you annual salary as a tax-free lump sum if you die while working for that company. Under the Armed Forces Compensation...
Looking To Transfer Your Expat Pension?
Expats generally have the right to transfer their pension abroad into a qualifying scheme. For some, the benefits of doing so are manifold. However, there are risks, and it’s fair to say that you need to tread very carefully when considering all your options. By James McLeod, Head of Pensions at chartered financial planners AES...
Puzzles Over Expat Pension
I am unsure if my overseas pension (QROPS) is free from UK inheritance tax? It seems the case if you remain offshore, but is a bit grey if you come back to the UK – even after five years away. Stuart Ritchie, Chartered Financial Planner & Chartered Wealth Manager with expat financial advisers AES International,...
Currency Woes Hit Expat Pensioners
The majority of expat pensioners are now living off an income which is worth at least 11% less than a decade ago, according to Equiniti Group plc which manages the payment of over 60,000 expat pensioners. Of the 60,000 pensioners the largest group is receiving their pension in the Eurozone, where market uncertainty and the...
Older Workers Taking Up Consultancy
Changes to pensions lead to many Britons postponing retirement and taking up consultancy and directorships Funding a comfortable retirement is no mean feat, so many workers and contractors are choosing to defer drawing pensions and are continuing to work on a part-time or consultancy basis. There are currently 428,000 self-employed workers over the...
Take Care With Pension Transfers Overseas
Qualifying Recognised Pensions Schemes (QROPS) may seem ideal to transfer your pension overseas, but beware of changes to these scheme rules which could cost you dear. Read more…
Can I Receive A State Pension From The UK?
Being British and having lived in Germany for the past 20 years I am a bit out of touch with the British pension system. Next year I will be retiring and I would like to know if I can receive a state pension from the UK. Adam Thompson, tax manager of expat financial advisers The...