HSBC Research Discovers School Fees Prevent Retirement Planning in UAE
Working Parents Struggling to Build up Retirement Funds due to School Fee Planning According to research carried out by HSBC Mena working parents in the United Arab Emirates (UAE) are forced to choose between saving for their children’s university education, or saving for their retirement. Unsurprisingly, it is often their retirement funds that are sacrificed. […]
Stop Paying Too Much Tax to the Government
When you think of tax you probably think about it in terms of income tax that you paid while employed. The fact is however, tax does not begin and end with a pay check. Instead it takes several forms and can catch us out when we least expect it. This post looks at the areas […]
Don’t by Caught Out by Lifetime Allowance Charges
Lifetime allowance was introduced in 2006 and comes into play should your pension benefit exceed a certain amount. The idea behind this post is to explain how lifetime allowance works, and that the threshold where lifetime allowance becomes payable is reducing year on year. When it was introduced lifetime allowance was set at £1.8 million. […]
New Parents are Saving for their Child’s Future University Fees
Despite many new parents still having student debt themselves, new surveys have revealed that almost half of parents in their thirties do not want their children saddled with educational debt. Conducted in America, around half of those surveyed by Fidelity, did not want their children to pay a penny in educational costs. On average they […]
5 Financial Best Practices to make your Expatriate Life less Complicated
One of the challenges of working in as an expatriate is that you are often on the move every few years. Many a NGO, oil and gas professional, hotel management executive, and hospitality professionals often move around the globe in course of their work. Although the rewards are often generous it does bring its share […]
Money Saving Tips as Part of your Long Term Financial Plan
As part of an ongoing, long-term financial plan it is important that you develop good saving habits. In this post, we look at ideas that give you a true picture of your finances, and how you can utilise good savings practices to make your long-term financial goals a reality. Read on. Budget If you do […]
Expat Retiring Abroad? Are you prepared for Medical Bills?
In the UK, we have the NHS, which provides for our healthcare needs. If you are planning to retire abroad, however, at some point, you are going to be faced with substantial medical bills. This post looks at why you should factor this into your retirement plans, and the costs involved with your healthcare in […]
UK State Pension Rules for Expats
UK State Pension rules have changed considerably over the last twelve months. This is also true if you are an expatriate or planning to retire to another country. This post endeavours to explain everything you need to know. Contributing to your Pension Scheme Depending on where you live in the world, you may be able […]
Yuan Devaluation Begins to Bite
Is China Starting to Take into Account Market Pricing? Recently, the People’s Bank of China (PBoC) recently cut its reference rate for the Yaun by 1.9% allowing the currency to depreciate. Although this is arguably not going to be enough on its own to restore China’s competitiveness with Europe and Japan, is it a sign […]
Use Financial Products to Make your Long Term Goals Achievable
Get in the Right Mindset for Wealth Management As you develop in your career you may well start to think about your future long term goals. Regardless of whether you want to plan for your retirement, or to buy your children and grandchildren a best in class education, getting in the right mindset to save […]