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expat financial advice

4 Reasons to Consolidate Your Pensions

Better reporting Consolidated asset allocation Simplicity Lower fees

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QROPS facts for expats

QROPS Facts – Number 1

If you are UK resident, even if you have a QROPS, you still have to purchase an annuity come pension time.

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Gibraltar QROPS: Taxation of Benefits

Gibraltar QROPS: Taxation of Benefits

Benefits taken from a Gibraltar QROPS scheme are taxed at a flat 2.5% rate. This has made it a very favourable centre for QROPS structures. On the downside, Gibraltar has very few double taxation agreements (DTA) with other countries, meaning there is a risk that you will pay tax on the benefits twice (once in […]

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Have you lost a pension?

Have You Lost a Pension?

If you have worked in the UK and were a member of a pension scheme (personal or employer) that you have since lost track of, the government’s pension tracking service might be able to help you find it. Just follow this link. Please feel free to forward this post to any friends or colleagues who […]

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Financial future of retired miners

Financial Future of Thousands of Ex-Miners in Doubt

The financial future of thousands of retired miners and their families was thrown into the balance  a couple of days ago as Britain’s last coal company plunged into administration. As a result, more than 3,000 former miners will see their pension entitlements slashed by 10% under terms of a rescue deal from UK coal. The […]

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Top Three QROPS Jurisdictions

Top Three QROPS Jurisdictions

A recent poll conducted by Skandia International identified the Isle of Man as the preferred choice of QROPS jurisdictions. Gibraltar and Malta came in second and third place respectively. According to Skandia, 32% of advisers nominated the Isle of Man as the best destination for QROPS transfers. Gibraltar was nominated by 26% of advisers and […]

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What is a QROPS

What is a QROPS?

This is the Wikipedia definition of a QROPS. A Qualifying Recognised Overseas Pension Scheme, or QROPS, is an overseas pension scheme that meets certain requirements set by HM Revenue and Customs (HMRC). A QROPS can receive the transfer of UK Pension Benefits without incurring an unauthorised payment and scheme sanction charge. The QROPS program was […]

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QROPS, SIPP, Skandia executive investment bond

Bond of the Week

Specialist lender Paragon Group has launched a retail bond aimed at investors who want an indirect way of accessing the UK’s buoyant buy-to-let housing market as well as those who are seeking a higher yield from their capital. The lender, which both securitises the lending its makes, as well as managing portfolios for third parties, […]

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Five investments that helped your parents retire early

Five investments that helped your parents retire early

The best performer turned £10,000 into £1.47m in 28 years. Emma Wall of the Daily Telegraph on five incredible investments. Read the full article here.

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6 Ways To Wreck Your Retirement

6 Ways To Wreck Your Retirement

Despite the multitude of resources (websites, books, magazines, advisers, etc) available for expat retirees, there will always be those who fail to make their retirement savings last for the rest of their lives. There are many ways to avoid this, some of which are more proactive while others are reactive in nature. But none of […]

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