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

UK State Pension If you’re planning to retire abroad, it’s essential to understand how your UK state pension will be affected. While you can still receive your pension as an expat, there are important considerations regarding the frozen state pension and whether you’ll benefit from annual increases. This guide will help you navigate the complexities of receiving a UK state pension overseas, ensuring you make informed decisions about your retirement income. Did you know? - There are currently…

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.

Top 10 Mistakes British Expats Make with Their Finances

British Expat Financial 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?

🌍 Best financial advice for British expats living abroad 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…

Expat Financial Advice in 2025: 10 Essential Tips for the New Year

The start of a new year is the perfect time to take stock of your financial goals and set yourself up for success in 2025. Whether you’re already living overseas or planning your move, these resolutions are tailored to UK expats looking to make the most of their finances. By following these steps, you can not only safeguard your wealth but also enjoy peace of mind knowing your finances are on the right track. 1. Review Your Pension Plans Pensions…

QROPS Advice: How New HMRC Rules Could Impact Your Overseas Pension Transfer

If you’re considering transferring your UK pension overseas, the recent changes to QROPS rules could significantly impact your retirement plans—especially if you’re heading to popular destinations like France, Portugal or Spain.

Planning to Return to the UK? How the 2025 IHT Changes Could Affect Your Estate

If you’ve been living overseas for years but are now considering a return to the UK, the recent budget changes to Inheritance Tax (IHT) could significantly affect your financial planning. From April 2025, the UK government is introducing new rules that shift the focus of IHT liability from your domicile status to your residency history.

Moving Back to the UK from Saudi Arabia

After spending time living and working in Saudi Arabia, moving back to the UK can be a significant transition. Whether you’ve been an expat for a few years or several decades, repatriation involves practical, emotional, and financial adjustments. From managing your finances to understanding tax implications and preparing for lifestyle changes, planning is key to ensuring a smooth return. This guide will help you navigate the complexities of moving back to the UK from Saudi Arabia. Preparing for Your…

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.

New UK Inheritance Tax Rules for Non-Doms: What You Need to Know for 2025

On 30 October 2024, the UK government announced sweeping updates to the inheritance tax rules affecting UK residents who are not domiciled in the UK—commonly known as “non-doms.” Below, I’ll break down the main changes in a straightforward way to help you understand what these new rules could mean for you.

Navigating the FIG Regime: Essential Insights on the UK’s Latest Non-Dom Tax Changes

On 30 October 2024, the Chancellor, Rachel Reeves, announced major changes to the tax rules for UK-resident, non-UK domiciled individuals, often known as “non-doms”. These changes will affect how non-doms are taxed on foreign income and gains, marking a shift in the way the UK handles cross-border income. Here, I’ll break down these new tax rules in straightforward terms, with a focus on the Foreign Income and Gains (FIG) Regime and what it means for you.

UK Budget 2024 – What does it mean for expats?

The dust is still settling on last week’s Budget. Things like increased National Insurance Contributions and a higher government borrowing ceiling have already been picked apart by the mainstream media. However, in this post, I want to focus on a few areas that will be of interest to those of us who are either living outside the UK already or who are considering doing so.

Navigating U.S. Estate Taxes for International Investors

The U.S. stock market, particularly its high-performing tech sector, consistently attracts international investors seeking growth and stability. However, for non-U.S. citizens or residents, investing in U.S. assets comes with a significant consideration—U.S. estate taxes. Without a clear understanding and careful planning, investors may face a substantial tax burden on their estates, impacting their families’ long-term financial security. This post outlines the essentials of U.S. estate taxes for Non-Resident Aliens (NRAs) and provides strategies to mitigate potential tax liabilities. Let’s explore…

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).

Pension Planning Essentials: Why FP2016 and IP2016 Still Matter

With the abolition of the lifetime allowance (LTA) tax charges in April 2024, many individuals assume that they no longer need to worry about pension protections. However, there are still two forms of transitional protection available that can offer significant benefits: Fixed Protection 2016 (FP2016) and Individual Protection 2016 (IP2016). Both of these protections offer valuable safeguards, but understanding which one suits your specific circumstances is critical. This guide will help clarify the differences…

How Retirement Ready Are You?

Have you planned thoroughly for your retirement and are well on your way to enjoying a secure and comfortable retirement, or perhaps it’s time to take a closer look at your retirement plan and make necessary adjustments to secure your future? Take our fun quiz to find out!

Protecting Your Family’s Future: The Case for Adding Your Children to Your Pension

When it comes to planning your financial future, deciding who gets your pension is a big deal. While naming your spouse as the sole beneficiary may seem like the obvious course of action, there are compelling reasons why you should also nominate your children.

Beyond the 7-Year Rule: How the 14-Year Rule Impacts Your IHT Planning

When it comes to UK inheritance tax (IHT) planning, many of us have heard about the seven-year rule. It’s a well-known part of the tax code that says if you give away assets during your lifetime, and survive for seven years after making the gift, those assets will typically be exempt from IHT when you pass away. But there’s another, less familiar rule that can complicate matters—the 14-year rule. If you’re serious about protecting your estate from unnecessary tax, this…

Irish Pension Transfer Rules Explained: Can You Move Your Pension Abroad?

Exploring Your Options for Irish Pension Transfers If you’re considering transferring your Irish pension abroad, it’s essential to understand the rules and options available to you. Whether you’re looking at Irish pension transfers to the UK, the EU, or even transferring your Irish pension into a Self-Invested Personal Pension (SIPP), there are specific guidelines you need to follow. Read on to find out how to navigate these transfers and ensure you make the best decisions for your retirement. Transferring Irish…

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