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.
Tax is an important aspect of financial planning for expats that needs sorting out before stepping outside the UK for that move overseas.
SIPP pensions are popular with retirement savers who want to take control of their investments.
Most personal pensions limit the choice of investments to a short-list of funds looked after for the saver by a professional manager.
If you are struggling to save, one of the best ideas is drawing up a personal budget to identify where your money comes from and where it goes.
News of developments in the deficit-laden £15 billion British Steel pension scheme has left 130,000 members with a decision to be made: stay in their existing scheme, soon to be placed into the Pension Protection Fund which offers compensation to members of Defined Benefit pension schemes with insufficient assets to cover liabilities, or to change to a second proposed scheme that offers less benefits and a reduction in funds. Unfortunately for British DB pension members elsewhere, this is a trend that is unlikely to stop with British Steel.
Global house prices are almost back to their previous peak as the world teetered on the edge of financial crisis almost a decade ago.