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Should I Have a Structured Note in My QROPS?

When planning for retirement, the goal is to ensure that your investments not only grow but are also protected. For expatriates, Qualifying Recognised Overseas Pension Schemes (QROPS) offer a potential solution for pension transfers abroad. However, the decision to include structured notes within a QROPS requires careful consideration. While structured notes can offer attractive features, there are compelling reasons why they might not be the best fit for your retirement planning. Here’s why:

Why Is My Structured Note Performing So Poorly?

Structured notes are complex financial products that often attract expat investors with their promise of higher returns and protection against downside risks. However, like any investment, their performance can sometimes fall short of expectations. If you find yourself wondering, “Why is my structured note performing so poorly?”, here are some potential reasons and factors to consider.

Expat Investing: A Guide To Structured Notes

When it comes to expat investing, the array of options available can be both exciting and overwhelming. Among the plethora of investment vehicles, structured notes have gained considerable attention. But what exactly are structured notes, and more importantly, should you consider investing in them? Let’s dive in.

Pause Before You Pension: Understanding HMRC’s Urgent Retirement Update

In a development that underscores the complexities of pension legislation and the challenges of implementing policy changes, HM Revenue and Customs (HMRC) last week issued a crucial emergency communication.

Unlocking Your Retirement: A Guide to Flexi-access Drawdown Rules

Are you nearing retirement and wondering how to make the most of your pension savings? If so, then understanding the flexi-access drawdown rules is essential. In this comprehensive guide, we will walk through everything you need to know about unlocking your retirement funds through flexi-access drawdown. We will explore the advantages and disadvantages of flexi-access drawdown, discuss the eligibility criteria, and explain how to set it up. I will also provide insights on investment strategies and tax implications to help…

What Do I Do With My Swiss Pension When Returning to the UK?

Moving from one country to another involves a myriad of tasks, and among them is the critical aspect of managing your pension. For those leaving Switzerland and returning to the UK, understanding the pension rules in both countries is paramount. This guide will walk you through your options for managing your Swiss pension funds, ensuring you’re well-informed and prepared for this important financial move.

QROPS Explained: How the 5-Year Rule Affects Your Overseas Pension

If you’re navigating the complex world of overseas pensions, you’ve likely come across the term “QROPS.” Standing for Qualifying Recognised Overseas Pension Scheme, QROPS have long been a consideration for expats who want to transfer their UK pension abroad. But there’s one aspect that often causes confusion: the QROPS 5 year rule. Let’s break it down in simple terms.

Beyond the Lump Sum: Why Taking Your Tax-Free Cash in Stages Could Be Your Best Move

Navigating pension options can feel like a maze. Whether you’re eyeing retirement or simply planning ahead, understanding how to efficiently access your pension tax-free cash is crucial. Here’s a straightforward guide on why you might not want to withdraw your pension commencement lump sum all at once and how doing it in phases could benefit you and your family.

New Pension Rules 2024: How to Prepare for the Abolition of the Lifetime Allowance

From April 6, 2024, the Lifetime Allowance (LTA) for pensions will be a thing of the past. This marks a significant shift in how retirement savings are taxed in the UK. Here’s a straightforward breakdown of what this change means for you and how to make the most of the new pension landscape.

Will the new “residence-based” approach to inheritance tax affect me?

In his budget last week, UK Chancellor Jeremy Hunt, announced his intention to move to a residence-based regime for Inheritance Tax (IHT). The question is how will this affect us as expats?

Can I transfer my UK pension to Sweden?

Are you a Brit living in, or moving to Sweden? Are you unsure of how to navigate the complexities of managing your pensions across borders? Whether you’re entangled in the web of the UK’s State and private pensions or exploring the multifaceted Swedish pension landscape, understanding the nuances of each system is crucial. In this guide, I will explore the options, obstacles, and opportunities that await you.

Can I transfer my Irish pension to the UK?

Some Irish pension products are simply not suitable for non-domiciled individuals or those that do not intend to stay in the country in later life. However, navigating the complexities of pension transfer between countries can be daunting, especially when dealing with two different regulatory environments such as Ireland and the UK. This guide aims to simplify the process, outlining key considerations, steps, and implications of transferring an Irish pension to the UK.

How do I keep my UK bank account when I live abroad?

Keeping a UK bank account active while living overseas is a common concern among British expatriates. There are several reasons for wanting to do so, including receiving UK pension payments, paying for properties or financial commitments back home, or simply for ease of access to funds when back visiting friends and family.

The gift that keeps on taking: Understanding gift with reservation of benefit rules

Gifting an asset directly to a loved one or indirectly via a trust can be a really effective way of mitigating Inheritance Tax (IHT). However, care needs to be taken to make sure that HMRC doesn’t put the kibosh on your well-laid plans. If they view your action as a “gift with reservation of benefit” then the asset in question will still be viewed as part of your estate for IHT.

UK Inheritance Tax Rules For Expats: Understanding the Implications for Non-Domiciled Spouses

Inheritance tax (IHT) is a contentious subject for many, especially as it revolves around the sensitive topic of what happens to one’s assets after death. For those affected, understanding the basic IHT rules is crucial. However, the waters become muddier when considering situations involving a non-domiciled spouse.

Global Assets, Local Laws: Navigating Wills Across Borders

Do you have assets in more than one country? Do you know how your Will will be treated in different jurisdictions? From forced heirship in Europe to the role of executors in Asia, here’s what you need to know.

Coming Home: 10 Financial Steps for Expats Returning to the UK

I have been living outside the UK for 23 years. I rarely get homesick. But last weekend it hit me hard. While I’m not packing my bags just yet, I realise that many expats eventually do. Thinking of returning to the UK? Prepare yourself to face a unique set of financial challenges and opportunities. It is always best to start planning as early as possible. Here are 10 financial action points to get you started.

Why Leaving Without A Will Is Like Playing Russian Roulette With Your Legacy

Picture this: you’ve spent a lifetime building memories, accumulating assets, and nurturing relationships. Then, in a blink of an eye, you’re gone. Your life’s work, potentially left to the winds of chance. That’s the harsh reality for those who pass away without a will.

The Costly Mistake of Ignoring Tax Residency Laws: A £186m Lesson

Imagine packing your bags, bidding goodbye to the dreary weather, then suddenly finding yourself slapped with an unforeseen £186m tax bill. This isn’t a fictional horror story – it’s the shocking reality British magnate Alan Sugar faced when he tried to dodge the UK tax net by relocating Down Under.

Understanding UAE Succession Law: A Step-by-Step Guide for Expats

Are you an expat living in the UAE and wondering how succession laws may affect you, your family, and your assets? Look no further! This comprehensive guide will provide you with a step-by-step understanding of UAE succession law. Navigating the intricacies of inheritance can be daunting, especially in a foreign country with its unique legal framework. However, with our expert insights, you’ll gain the knowledge and confidence needed to ensure your assets are protected and distributed according to your wishes.