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How spending changes through the “Active,” “Less Active” and “Not Very Active” years of retirement

Depending on when you retire and how long you live, your retirement could potentially last for 3 decades or more. However, most retirements can be broken into three stages, each of which is typically 5-10 years in length. Furthermore, each stage has its own spending characteristics. Understanding these stages can help you feel more comfortable in knowing what your spending in retirement may look like.

Selling Property as a British Expat? Don’t Forget About Capital Gains Tax!

Did you know that selling a UK residential property while living abroad can trigger a capital gains tax (CGT) bill, even if you are a non-resident? According to a recent survey conducted by Experts for Expats at the end of last year, 23% of British expats are considering selling their UK property, with the majority looking to use the equity to support their retirement.

Five Big Tax Mistakes Made By British Expats And How To Avoid Them

For British expats moving or living abroad, there are many traps and pitfalls in the UK’s complex tax regime to be aware of. Based on my experience, these are the top five tax mistakes, assumptions and statements that are made, and how to avoid making them.

The Removal of the UK Pension Lifetime Allowance: What Does It Mean for Expats?

In the Spring Budget of 2023, the UK Chancellor of the Exchequer, Jeremy Hunt, announced that the pension Lifetime Allowance would be scrapped. This decision was totally unexpected and has significant implications both for pension savers in the UK and those of us who live overseas and retain UK pensions.

Expat State Pension guide (2024/2025 update)

If you’re a British expat it’s easy to let the State Pension fall off your radar. In fact, most expats simply accept that periods abroad will result in gaps in their contribution record and write their State Pension off.

Inheritance Tax Planning For Expats: Using The PASTOR Framework to Effectively Manage Your Estate

Inheritance tax (IHT) is a concern for many expats who retain a connection to the United Kingdom (e.g. domicile), as it can significantly impact the wealth passed down to future generations. However, with proper planning and the right strategies, it is possible to mitigate the burden of inheritance tax.

4 Things To Do When Receiving an Inheritance

If there is a possibility that you might receive an inheritance in the future, it is important to be aware of the following four things. Keep them in mind for future reference.

8 expat investing lessons from Morgan Housel

Morgan Housel’s book, “The Psychology of Money,” is one of my favourite books about money and investing. It is a must-read for any expat looking to gain a better understanding of their personal finances. Here are some of the key lessons to take away from it:

Unpacking Millionaire Expat by Andrew Hallam: Your Passport to Financial Independence

Welcome to my comprehensive review of “Millionaire Expat: How to Build Wealth Living Overseas” by Andrew Hallam. He is a staunch advocate for financial independence and international living. In this ground-breaking book, he takes us on a captivating journey that challenges conventional wisdom and explores the possibilities of achieving financial independence while living abroad. Let’s get stuck in!

I am a 50 something year old expat, how much should I be saving for retirement?

Retirement might seem like a distant dream or it may seem like an oncoming freight train. Whichever the case, it is never too early or too late to start planning for it. If you are age 50 or older, it is time to buckle up and get serious about saving for the future. But don’t worry, I’m here to guide you through this journey with a sprinkle of good humour and a dollop of practical advice.

Five ways to invest a bonus

When anticipating an annual bonus, it is natural to envision all the things you want to purchase or start planning a lavish vacation. However, it is worth taking the time to step back and contemplate how you intend to use such a windfall before it lands in your bank account. Consider how your bonus can best serve you and your objectives in both the short and long term, regardless of the amount you earned.

Expat financial advice: Why should I have a 6 month emergency fund?

Whenever I speak to clients about investing, I always talk about having an emergency fund equivalent to 6 months of expenses first. Sometimes life can present you with a situation where you need quick access to money and without a financial safety net it can threaten your financial well-being and cause a great deal of stress.

Retiring to Canada from the UK – 5 things you need to know

Are you looking to retire to Canada from the UK? I recently started working with a client who did so. Here are 5 things he told me that he wished he knew before doing so.

How to use Inheritance Tax Loss Relief to reclaim IHT after a stock market fall

In recent years, as asset prices have marched higher, Inheritance Tax Loss Relief has generally been overlooked. However, at times of volatility in global stock and bond markets, such as we have seen this year, it is definitely a subject that is worth revisiting.

Expat retirement: Which countries are affected by Frozen State Pension?

There are more than 500,000 retired Britons overseas, who are losing out as a result of the UK’s “frozen” policy on State Pension payments. In the UK, pensioners benefit from something known as the “triple lock”. As a result of this, State Pension payments increase by the greater of two-and-a-half per cent, price inflation or average wage growth. This means that State Pension payments retain their worth as time goes on.

How to find a lost pension

It has been estimated that there could be about 2.8 million lost or forgotten pension pots in the UK, worth an average of £9,500 each. I.e. over £26.6 billion in total. This is hardly surprising. The days of working for one employer for 40 years and then retiring with a gold carriage clock are over. Research suggests that average workers will now have 11 different jobs during their life. As people move from job to job more and more frequently,…

How to use margin lending to maximize your retirement fund (+ 5 key benefits)

There has been much chatter in the media recently about Elon Musk’s purchase of Twitter. One of the less-covered aspects of the story is the fact that he is funding a large part of the deal through margin loans. But, what are margin loans and how can we mere mortals use them to our benefit too? Margin loans (also known as lombard loans) are an effective way for individuals to borrow low cost, short term money.

Financial Advice in Poland: 4 things you need to understand about UK pensions

The idea of a pension is relatively straightforward. It is the trading of a lifetime of hard work in return for some degree of security in retirement. At the end of the day, whether in Poland or the UK, what most of us want is to enjoy our retirement years without counting the pennies or groszy. Unfortunately, the reality is that, thanks largely to decades of government meddling, pensions can be incredibly complicated.

8 cyber security tips to safeguard your retirement plans from scammers

This month (October) is cyber security awareness month. What has cyber security got to do with your retirement you may ask? Everything, is the answer. Online scams are everywhere. I read about them all the time. You don’t want your well-thought-out retirement plan being torpedoed due to a lack of online hygiene. With that in mind, here are 8 tips for ensuring that you stay safe from scammers.

Expat Finance 101: 10 Reasons You Should Have a Will

You have probably been told on numerous occasions that you should have a Will. Indeed, doing so may have been on your mental to-do list for months or years. However, you haven’t yet gotten around to it. This may just be due to the hustle and bustle of day-to-day expat life. It may be that you aren’t really sure how to get started. Nonetheless, making a Will is one of the most important things we can do.

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