Why you should be thinking about Retirement and Health in the UAE
The Earlier you Start a Pension the Better your Life in Retirement With the allure of tax free salaries life as an expat in the UAE is appealing. The fact is, however, the more the numbers look favourable in our bank account, the more we tend to empty it. A recent survey in The National […]
UK Expat Frozen Pensions to ‘Thaw’?
UK Expat Pensioners may Receive Redress over Frozen Pension Issues Just over half a million UK expat pensioners may receive some form of payment in respect of frozen pensions. Momentum seems to be shifting in favour of the pensioners following a meeting between Oliver Letwin, Cabinet mister for government policy, and the International Consortium of […]
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. […]
Average Life Expectancy Heading for 100 According to ONS
Pensions and Health Insurance Becomes More Invaluable According to the Office for National Statistics, average life expectancy in the UK is set to rise. ONS projections believe that newborn girls born over the next 20 years will live to an average age of 97 years, while boys will live until 94. The report highlights that […]
Nearly One in Seven Retirees will rely on State Pension for Income in 2015
Use an Award Winning Financial Planner for a Better Retirement According to work from Prudential, almost one in seven retirees this year will rely on the state pension for income. The current state pension of £115.95 per week and only generates an annual income of £6,000. This is £3,500 short of the Joseph Rowntree Foundation’s […]