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How to Save for Retirement as an Expat

Planning for retirement is a challenge at the best of times, but for expats, it can be even more complicated. If you’re living overseas, you will not have access to the same pension and investment options as you did in the UK. You might also face tax complications and currency risks. So how do you save for retirement as an expat? In this guide, we’ll break it down into simple steps to help you build a secure…

The Pros and Cons of a SIPP for Expats

A Self-Invested Personal Pension (SIPP) can be a great retirement savings tool for UK expats, but it’s not the right choice for everyone. If you’re living abroad and wondering whether a SIPP is suitable for your financial situation, this guide will walk you through the key advantages and potential pitfalls. What is a SIPP? A SIPP is a UK-based pension that gives you control over how your retirement savings are invested. Unlike traditional workplace pensions, a SIPP allows…

What Happens to My UK State Pension if I Retire Abroad?

If you are planning to retire overseas, you are probably also wondering what will happen to your UK State Pension. The good news is that you can still receive your UK State Pension even if you live outside the UK. However, there are a few important details you will need to know to make the most of your retirement income. Here’s everything you need to know about how your UK State Pension works if you retire abroad. …

Why UK-Based IFAs Won’t Work with Expats (And What You Can Do)

If you are a British expat, you might have hit a frustrating wall: finding a financial adviser who will work with you. Many UK-based Independent Financial Advisers (IFAs) simply won’t take you on as a client once you’re no longer a UK resident. But why is this the case? And more importantly, what can you do about it? Let’s break it down. Why UK-Based IFAs Don’t Work with Expats 1. Regulatory Restrictions One of the main…

Top 10 Mistakes British Expats Make with Their Finances

Expat money mistakes Moving abroad as a British expat can be a life-changing adventure, but it also comes with unique financial challenges. Many make costly mistakes that could have been avoided with proper planning and advice. Here are the top 10 financial mistakes British expats often make — and how to avoid them. 1. Failing to Plan for Currency Exchange Risks When you’re earning in one currency and spending in another, exchange rate fluctuations can have a significant…

What Is Specialist Expat Financial Advice and Why Do You Need It?

Specialist Expat Financial Advice Living abroad can be an exciting adventure. But when it comes to managing your finances as an expat, things can quickly become complex. Different tax rules, exchange rates, and regulations can make it difficult to know if you’re making the right financial decisions. For instance, expats often face challenges like double taxation, where the same income is taxed in both the UK and their country of residence, or currency loss due to unfavourable exchange rate…

Moving from the UK to Saudi Arabia

Relocating to Saudi Arabia is a bold step that opens up a world of opportunities, from tax-free income to a thriving expat community and the chance to experience a rich and unique culture. However, moving to Saudi Arabia from the UK involves more than just booking a flight and packing your bags. There are essential financial, legal, and lifestyle considerations to plan for. In this guide, we’ll explore the key aspects of moving to Saudi Arabia, share practical…

Financial Advice for Expats Living in Saudi Arabia

Moving to Saudi Arabia can be an exciting and life-changing decision, offering opportunities to experience a unique culture, benefit from tax-free income, and work in a rapidly developing economy. However, as an expat in Riyadh or elsewhere in Saudi Arabia, financial planning can be complex. Proper financial advice is essential to ensure your wealth grows, you comply with legal requirements, and you plan for your future.

Transferring A UK Pension Overseas: Why It Pays to Know Your OTA from Your OTC

If you are considering transferring your UK pension overseas, you’ve likely encountered a bewildering array of jargon and regulations. Among the most important terms you’ll encounter are the Overseas Transfer Charge (OTC) and the Overseas Transfer Allowance (OTA).

Retire to Poland with Confidence: Essential Tips for Brits Looking to Move

Retiring abroad is an exciting prospect, and for many UK citizens, Poland offers a wonderful blend of culture, affordable living, and proximity to the UK. As a result, it is increasingly becoming a popular destination for British expats , especially those who already have ties to the country, such as a Polish spouse. This guide will help you navigate the key considerations when planning your retirement to Poland, from residency requirements to healthcare, finances, and integrating into the…

Why Are So Many Wealthy Brits Moving to Dubai? (Plus 5 Financial Pitfalls to Avoid When Doing So)

Why Are So Many Wealthy Brits Moving to Dubai? In recent years, a noticeable trend has emerged: an increasing number of wealthy British individuals are packing their bags and relocating to Dubai. This shift is not just a fleeting phenomenon but part of a broader movement of high-net-worth individuals seeking new opportunities and lifestyles abroad. But what exactly is driving this exodus? Why are so many wealthy Brits choosing Dubai over more traditional destinations like Spain, France, or the United…

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 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.

My Big Fat Greek Retirement: A Guide for UK Citizens Looking to Retire to Greece

Are you a UK citizen planning on retiring to Greece? If so, you’ve come to the right place! In this comprehensive guide, I will ensure that you have all the information you need to make informed decisions and smoothly transition into your Greek retirement.

Navigating the UK Temporary Non-Residence Rules: A Guide for Expats

If you are going to be living or working outside of the UK for a period of less than 5 years, you need to be sure that you don’t fall foul of HMRC’s Temporary Non-Residence Rules.

How is UK residency determined?

UK residency is determined based on a combination of factors and the application of the Statutory Residence Test (SRT). Here is an explanation of how it works.

Unlocking the Benefits of Dubai’s Retirement Visa For Expats – A Comprehensive Guide

Dubai has long been a popular destination for expat professionals. However, back in 2018, the authorities in Dubai decided that they wanted to encourage retirees to live there too. So they launched a Retirement Visa. From tax exemptions to healthcare benefits, the retirement visa is a comprehensive package that guarantees a comfortable retired life in Dubai. But with so much information available online, it can be overwhelming to navigate the ins and outs of the retirement visa.

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.

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.

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