Why Expats Should Move Final Salary Pensions To QROPS

Expats could rearrange their finances and become instantly better off if they made some sensible financial decisions. Saving tax and other charges is not about being wealthy, but being sensible with whatever money you have. First look at income tax. Anyone with a UK pension gets 25% from their pot tax-free and tax is taken from the rest … [Read more...]

QROPS And The Impact Of The Lifetime Allowance

One of the problems with pension planning is predicting how the government is likely to tinker with your retirement savings in the future. No one would have expected the latest consultation document looking to change the underlying rules of the steel workers’ retirement scheme aimed at making Tata Steel more attractive to a buyer. Chancellor … [Read more...]

Do You Know What Financial Advice Really Means?

One of the problems for retirement savers is untangling the jargon about who gives them advice and who offers guidance. Pensions minister Ros Altmann says she is confused, so if you are shopping for a Qualifying Recognised Overseas Pension Scheme (QROPS), who can give you the right advice? The Financial Conduct Authority (FCA) says anyone … [Read more...]

No QROPS Where You Live? No Problem

British expats are spread in more than 100 countries around the world and they all have the same problem with Qualifying Recognised Overseas Pension Schemes (QROPS). Many would like to switch their UK onshore pensions out of the country to a more tax effective QROPS but don’t think they can because the country where they live has no local … [Read more...]

10 Reasons Why Expats Should Look At Thailand QROPS

Thailand Qualifying Recognised Overseas Pension Schemes (QROPS) are an easy way to increase spending power in retirement for expats. Even with the low cost of living in Bangkok and the rest of Thailand, a QROPS can make a lot of financial sense to British expats who have retired to the beautiful tropical country. Many expats overlook … [Read more...]