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).
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?
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…
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.
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.
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.
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.
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.
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.
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.
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.