REGULATED ADVICE FOR BRITISH EXPATS WITH UK PENSIONS
We provide regulated, independent advice on UK pensions. We operate the same transparent fee-based model as all good UK-based financial advisors. If you’re living abroad then we can give you the same standard of advice and service you would expect in the UK.
Unfortunately, we are in an industry where the majority of non-UK based advisors who work with British expats do not treat them in the same way. There is an emphasis on unsuitable pension transfers to generate hefty commissions which are detrimental to clients over the long-term.
Our transparent, fee-based model ensures that suitability and the prosperity of our clients is placed above our own and ensures we commit to long-term service and support.
You can read about our setup on our ‘about us’ page with background into our advisory and award-winning network.
BETTER OPTIONS FOR YOUR PENSIONS
The UK pension landscape has changed dramatically in recent years. Laws have been introduced that allow you more freedom and control over your retirement.
Generous transfer values are on offer from final salary schemes and defined contribution schemes can be fully accessed earlier. There are also greater freedoms to consolidate multiple schemes and transfer to either a UK-based SIPP or a non-UK QROPS.
Furthermore, the way pensions are taxed on death compared to other assets might encourage you to view your pension as something to benefit future generations rather than fund your retirement.
We have years of experience dealing with UK and overseas schemes and can help you find the best solution according to your needs.
DEFINED BENEFIT TRANSFERS
Final salary pensions (otherwise known as defined benefits) were once seen as ‘gold-plated’ and the surest way to guarantee yourself a consistent income in retirement.
In recent years thousands of people have decided to transfer their pensions for a generous transfer value and have more control over their own pension.SIPP
A self-invested personal pension is a great way to achieve a pension and investment that you can control. SIPPs are increasingly popular amongst people who want to consolidate several schemes and improve the overall management of the portfolio.
International SIPPs exist for people who live abroad but want to keep their pension in the UK and regulated by the FCA.QROPS
Qualified Recognised Overseas Pension Schemes are beneficial for people who want to transfer their pension away from the UK. There are many reasons why this could be the best option for a pension.
The benefits are similar to that of a SIPP but removing it from the UK has the potential to mitigate taxes (subject to where you are resident) and ensure that growth above the lifetime allowance is not subject to additional tax.
FREE GUIDE TO SUCCESSFUL RETIREMENT PLANNING
With one of the most complex yet flexible pension systems in the world, it is imperative that you understand how your pensions work.
There are a myriad of options to navigate and it can be challenging to do so alone.
Before speaking with a professional advisor, we recommend downloading our FREE RETIREMENT BROCHURE which will give you the best foundation to start planning for a long and successful retirement.
FREE GUIDE TO TAX ON UK PENSIONS FOR NON RESIDENTS
One of the most confusing matters to deal with for British expat retirees is understanding how their UK pensions will be taxed and, more importantly, what action you should take to ensure that you are taxed correctly as it is ultimately your own responsibility to arrange matters correctly with HMRC.
Our FREE guide will explain and simplify matters so that you can move forward confidently with your retirement. Get in touch via the form at the bottom of the page if you need further advice and assistance.
UK PENSIONS WEBINAR
In collaboration with Paul Forman - a UK pensions expert, chartered UK financial planner and director of Novia Global - we covered a wide range of topics including the future of the UK state pension, SIPPs for expats, final salary pension transfers and the dangers of transferring to a QROPS.