It doesn’t matter how much money you’ve got saved for retirement – it never seems enough as the cost of living keeps rising and day-to-day bills need paying.
While many are thinking about working longer to put some extra cash for retirement in the bank, a medical team claim people who retire early enjoy better health and live longer.
Expats have two options when transferring a pension – moving to a SIPP or a QROPS. Both run to a similar blueprint. But a SIPP is a UK based pension, while a QROPS is a specialist offshore pension. The difference between the two is tax.
Anyone who owns a property in the UK that generates rental income must pay income tax on their profits.
If you are working overseas as an expat, you might want to continue paying UK national insurance to safeguard your state pension and entitlement to other benefits.
Expat retirement savers who have moved overseas but left a pension in the UK should consider their options as Brexit approaches.
Buy to let mortgage rules have tightened up for new landlords as well as seasoned investors.
Simply leaving Britain to live or work overseas for a stretch of time does not make you non-resident for tax.
Life expectancy is improving so much the chances of living to 100 years old will increase from 20 to one now to evens by 2066.
If you are going on a spending spree with your pension cash, watch where the money goes, or you could be in trouble.