You might fancy the idea of retiring abroad, outside the UK, however, it would be best if you understand the economic and financial implications before making that decision. It is unrealistic to think that there wouldn’t be a financial impact associated with retirement outside the UK. That being said, what are the critical aspects to …
Brits Retiring Abroad: Retirement location, pension income and more. Read More »
The rules concerning the UK are constantly changed by the Her Majesty’s Revenue and Customs (HMRC). That’s why it is quite important that pension holders in the Qualifying Recognized Overseas Pension Scheme (QROPS) and Self-Invested Personal Pension (SIPP) familiarise themselves with the rules and regulations of the pension schemes. More importantly, you should properly familiarise …
Important QROPS and SIPP Rules For Pension Holders Read More »
Whether you are hoping to leave your job quite early or just preparing for the time when you can finally put off your morning alarm for good, retirement is always something to anticipate. It’s rather unfortunate that most of us are not fully prepared for this time of our lives, and even as a nation, …
Five Mistakes You Should Avoid When Planning Your Retirement Read More »
A Self-Invested Personal Pension scheme for residents in the United Kingdom and outside the UK (with an International SIPP) that allows individuals to make investments with their pension savings. The Majesty’s Revenue and Customs (HMRC) oversees these types of pensions and approves all investing options of SIPP holders. SIPP retirement savings plans offered to UK …
If you are retiring abroad, whatever pension you have in the UK would carry on and you would still get the same benefits as you approach the pension age. However, what happens when you retire elsewhere and are looking to draw money from your pension in the UK? This article highlights some considerations on what …
You may be receiving a state pension in the UK if you fulfil the qualification requirements by paying the UK National Insurance contributions. If you’re residing abroad or are planning to do so, you may also specify that the pension gets transferred to your UK bank account or a foreign one. However, you need to …
UK Pension Help is a free online resource for UK and non-UK residents. We offer educational pension content, eGuides and calculators to help in planning your retirement and setting your goals. We do not offer advice but can connect you with a regulated financial adviser so they can further assist you. All the advisers we work with are fully qualified to provide advice and work only for firms who are authorised and regulated by the Financial Conduct Authority.
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