All Posts | Ross Naylor

Ross Naylor

REQUEST A FREE CONSULTATION

Ross Naylor

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.

How to find a lost pension

Millions of UK pension pots are lost or forgotten, largely because people now change jobs far more often than in the past. With many workers holding multiple pensions from different employers, it’s easy to lose track of older schemes over time, leaving significant retirement savings overlooked.

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.

Expat Financial Advice: How do I manage currency risk?

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 expats, however, is that we have too many choices.

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 benefit from it can – but without owning it. With a property trust will, your spouse can still live in the home you share after…

Have you lost your job before you are ready to retire? Here is what to do

Redundancy can be especially damaging when it happens close to retirement. This guide explains the key financial risks, how pensions may be affected, and the practical steps you can take to protect your long-term retirement plans.

The importance of properly nominating beneficiaries

A beneficiary nomination is a crucial step in ensuring your wishes are respected when it comes to the distribution of your pension or life insurance benefits. By nominating beneficiaries, you can ensure your assets are passed on to the right individuals. Completing a beneficiary nomination form provides clarity and helps prevent any misunderstandings or delays after your passing.

Can I transfer my UK pension to Poland?

👉 Managing your UK pension from Poland isn’t straightforward, but with the right planning it doesn’t need to be overwhelming. This guide explains your options – from leaving a defined benefit scheme in place to using an International SIPP – and covers tax treatment, QROPS, the UK State Pension, and post-Brexit changes that affect expats. Find out how to protect your retirement income and avoid costly mistakes.

Getting remarried? Add these 6 financial tasks to your to-do list

The number of remarriages in England and Wales increased by 418% in the half-century between 1969 and 2019. The data also shows that second marriages are usually more likely to be successful than first marriages. Maybe remarriages aren’t simply the triumph of hope over experience after all. However, there is still plenty of potential for conflict over financial matters, especially where multiple sets of children are involved.

What is a spousal bypass trust and who should use one?

Legislation introduced by the Taxation of Pensions Act 2014 meant that, in the majority of cases, pension benefits are able to pass down through the generations free of inheritance tax, as long as they remain within the pension wrapper. Therefore, if you have a straightforward family situation and are leaving funds to beneficiaries that you perceive as responsible, then passing these funds on within your pension is likely to be the best option.

What are my life insurance options when living abroad?

Life insurance doesn’t automatically work the same way when you live abroad. This guide explains your expat life insurance options, common pitfalls, and how to put the right cover in place to properly protect your family.

How are defined benefit pension transfer values calculated?

In the past decade, huge numbers of people have transferred their final salary/defined benefit pensions to a SIPP or QROPS as Cash Equivalent Transfer Values have soared. However, since the start of 2022, these valuations have started to fall back and I have had numerous enquiries from people wanting to know why their pension transfer value has dropped. In this post, we will look at the nuts and bolts of how a defined benefit pension cash transfer value is calculated.

EU Succession Regulation: What is it and how does it affect UK expats?

The EU Succession Regulation (EU 650/2012), also known as Brussels IV, came into effect on 17th August 2015. The aim was to resolve the complex cross border probate disputes that had arisen as an unintended consequence of the freedom of movement of workers and retirees within the EU.

Guide to CGT rules for UK expat property owners

Selling property while living abroad can trigger unexpected UK Capital Gains Tax. This guide explains the expat CGT rules, reporting requirements, and what you need to consider before selling UK property overseas.

Using gift allowances to reduce IHT: Six tips on using gifts to reduce inheritance tax

Gifting money or assets during your lifetime can help reduce inheritance tax, but the rules are often misunderstood. This guide explains the inheritance tax gift allowance, how it works, and how to avoid common gifting mistakes.

Expat ISA Rules: What Can Be Done With an ISA When You Move Abroad?

We all know that Individual Savings Accounts (ISAs) are incredibly tax-efficient savings and investment vehicles for UK residents. However, for those of us who leave the UK, things become more complex. Here are answers to some of the most common expat ISA questions that I have come across.

The danger of home country bias and how to avoid it

Home country bias occurs when investors concentrate their portfolios in shares and bonds from their home country. For example, while the UK stock market now represents only 3.2% per cent of the value of global equity markets (in 2006, it was 10.4%), British investors tend to allocate considerably more than this to UK stocks. It is a phenomenon that can often be detrimental to investment returns. Especially as the UK has lagged other world market in recent years.

How can marriage or divorce affect your Will?

As the old saying goes, the only sure thing in life is death and taxes. Having a Will in place can at least help mitigate the emotional stress of the former. However, it is crucial that any Will is kept up to date with changing personal circumstances. In this post, we will look at the impact of marriage and divorce on an existing Will.

What is an international SIPP?

Considering an International SIPP? This guide explains how overseas pension transfers work, the tax implications for expats, and how to find the right advice for your retirement.