When we live back in our home country, managing currencies is all pretty straightforward. We are paid in our home currency, we pay your bills in our home currency, and most of our investments are likely in our home currency. In this case, we generally have very little currency risk. The problem we have as…… Continue reading Expat Financial Advice: How do I manage currency risk?
Author: rossanaylor
Expat Financial Advice: What is a Property Trust Will?
A property trust will (also known as a property protection trust, an asset protection trust, a family protection trust or a property preservation trust) keeps your home safe for your loved ones after you die. It does this by placing your share of the property in a trust, so that the people you want to…… Continue reading Expat Financial Advice: What is a Property Trust Will?
Can I save into a UK pension plan if I live abroad?
Question: Can I save into a UK pension plan if I live abroad? Answer: Yes, you can live abroad and save into a UK pension scheme. However, there are limits to the tax relief you can claim on your contributions. If you move overseas, for the next 5 tax years you can still make pension…… Continue reading Can I save into a UK pension plan if I live abroad?
How much money should I have saved for retirement?
Question: How much money should I have saved for retirement? Answer: Unfortunately, there is no reliable rule of thumb when it comes to the amount of money that should be saved for retirement. It all depends. Every situation is unique, so this number is different for every person, and it depends on your individual circumstances.…… Continue reading How much money should I have saved for retirement?
Are we heading for a recession?
Question: Are we heading for a recession? Answer: Definitely. A recession is coming. There is a 100% chance that there will be a recession in the future. Unfortunately, there is almost a 0% chance that anyone can accurately tell you when it’s going to start (or end). Unlike in King Belshazzar’s feast, the economy doesn’t…… Continue reading Are we heading for a recession?
How do I apply for an NT Code for pension income?
If you live in a country that has a Double Tax Treaty with the UK, you can obtain a no tax (NT) code to avoid being taxed on your pension twice.
Have you lost your job before you are ready to retire? Here is what to do
One of the biggest threats to a well thought out expat retirement plan is losing your job before you are ready to retire.
Here is how to plan accordingly should it happen to you.
3 Different Ways to Access Your Pension
With greater pension flexibility, comes greater responsibility. It pays to know the different options before making an irreversible decision.
The importance of properly nominating beneficiaries
Have you completed a beneficiary nomination form indicating who you want to have the proceeds of your pensions and life insurances in the event of your death?
Find out why I recommend that all clients do so.
Can I transfer my UK pension to Poland?
For Brits living in Poland or Poles who have returned home after living in the UK, one of the big questions involves what to do with any pension schemes that they have accumulated in Britain.
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