What is an international SIPP?

What is a SIPP?  A Self-Invested Personal Pension (SIPP) can be a low cost, flexible and straightforward way to save for your retirement. It allows you to take control of how your pension funds are managed by providing access to a wide range of different investments, including: Shares of individual companiesUnit trustsOpen-ended investment companiesInvestment trustsExchange … Continue reading What is an international SIPP?

How to mitigate the financial impact of divorce

Studies show that expat divorce rates are much higher than average. In addition, while divorce is complex at the best of times, for expats it can be even more challenging.  For example, there is the matter of where to get divorced. In the country of residence or the home country? What happens if the 2 … Continue reading How to mitigate the financial impact of divorce

I’m resident overseas, but where am I domiciled?

The formal definition of domicile is “the country that a person treats as their permanent home, or lives in and has a substantial connection with." However, domicile and residence are not the same. It is entirely possible to have lived in the same country for many years, even decades, and consider it your “home”, but … Continue reading I’m resident overseas, but where am I domiciled?

What is the Non-Residence Enhancement Factor and how does it work?

If you or your employer have contributed to a UK pension while you have been working overseas, then you may be eligible for an enhancement which could cut the amount of tax that you have to pay when you start drawing your pension. It is known as the "non-residence enhancement factor" and it reduces the … Continue reading What is the Non-Residence Enhancement Factor and how does it work?