If You Were Scammed, You Might Be In For A Refund

Expats are among the thousands of fraud victims who may have a chance of getting their money back after wire transfer firm Western Union settled a multi-million-dollar court case. Western Union is an international money transfer network that has admitted money laundering and other criminal offences. To settle the case, Western Union paid the US … Read more

What Happens To Your QROPS When You Die?

The question is uncomfortable for many expats, but prudent financial planning means looking after your family and loved ones when you die. Qualifying Recognised Overseas Pension Schemes (QROPS) fall under the same inheritance rules as UK pensions – plus an extra tax-free boost for expats who are left a share of any unspent pension money. … Read more

Moving Gold-Plated Pensions To QROPS Is No Longer Taboo

Switching a final salary pension to an offshore Qualifying Recognised Overseas Pension Scheme (QROPS) is a taboo topic for many IFAs for no good reason. A final salary pension is undoubtedly one of the most generous pensions any retirement saver could expect. Offered by a dwindling number of employers, the pension offers a retirement income … Read more

Private School Fees In A Class Of Their Own

Britain’s private school fees are racing up at almost four times the rate of inflation and average earnings. Expats with children receiving a private education have seen the cost spiral by 21% in five years. Someone on an average UK gross salary of £35,148 a year needs to hand over 39% of their earnings to … Read more

SIPPs For Expats Explained

SIPPs are ideal for expats away from the UK for a year or two who want to carry on retirement saving with all the tax advantages of staying at home. An important rule about SIPPs is pension savers do not have to stay in Britain to gain all the benefits of a UK pension – … Read more