One of the most difficult predictions to make is the amount of income you will need for your golden years. This is a critical topic which your professional adviser should discuss with you. He will need to make detailed calculations and come up with an amount sufficient to produce income to last you the [...]
The changes, as of 6 April 2012, by HMRC to Qualified Recognised Overseas Pensions Schemes (QROPS) had far reaching effects on UK deferred pensions transferred offshore:
Reporting - Trustees must notify HMRC of any payments from existing and new QROPS for the first ten years of an individual’s scheme. HMRC wishes to be aware of any illegal [...]
Despite the fear expat investors have about volatility of global markets these days, there are good options for all portfolios. These do not need to take significant risks to make reasonable returns.
What should you do to safeguard your investments whilst placing them in a position for future growth?
The key here is portfolio diversification based on [...]
The financial crisis threw out many commonly adopted investment realities. Short term certainty and long term predictability seem to have evaporated. Common sense in investing is now the name of the game, diversity is its most important feature.
Are you an expat with an investment such as a mutual fund; investment scheme; savings plan; shares; [...]
Expatriates around the world are often investors out of necessity and are rarely cared for in a way they would be back home. Many become lifelong travellers after living and working abroad for a few years, others become expats at the point of retirement.
Living abroad means you need to become financially independent in the country [...]
It’s a while since we looked at banking reviews of your personal arrangements. This ought to be carried out annually.
Bank accounts are essential. We use them for convenience, to keep our cash safe and manage personal finances. Cash is available via ATM machines for everyday expenses.
Most expats bank accounts in different locations. If you live in [...]
Over the past twelve weeks we have discussed most aspects of a financial life plan. In summary we have covered the essential topics of creating your own financial independence, how you may attain this and then manage your individual personal business of living life, taking account of the core foundations and the peripheral features, which [...]
Last week we addressed the question of trusts and how they can be useful to many expats. They preclude unwanted prying eyes and predators from both viewing and attacking our assets during our lifetime and after we pass, and ensure that we have safely provided a future for those we love.
Trusts are also a layer [...]
Over the past nine weeks we have been discussing financial life plans and the major aspects which are likely to affect you no matter your age or the stage you are currently at in life.
There has been considerable feedback with the single most popular theme being that of trusts. This matter was last raised in [...]
Continuing on the journey that takes us through our financial life, let’s look at how to use your wealth to its best advantage when you get older and finally decide to stop working.
Despite those who say they will just die and never retire, everyone usually gets to a point when they either prefer to stop [...]
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