As the cost-of-living crisis continues and inflation soars, some people will be more inclined to take out extra funds from their pension. Even those who are still working may begin taking an income from their pot sooner than they had planned. While this may temporarily cover immediate costs, it comes with the risk of having […]
For many, early retirement may seem ideal. Who wouldn’t want to spend less time working and more time with their friends and family? However, if the person retiring early has not been given the choice and was instead forced into retirement, how ideal really is it? The problems with forced early retirement Since the pandemic, […]
It recently came to light that 134,000 people have been underpaid their state pension. A public spending watchdog released a report that showed the cases were mostly women, many being widows. The underpayments reached a total of £1 billion. Some of these underpayments date all the way back to the mid ‘80s. These underpayments occurred […]
How Private Client Consultancy is helping British expats transition into using an EU-based adviser The Brexit transitional period ended in January of 2021, meaning the legislation is now in full effect. Because of this, the financial industry has had to consider all the new rules and restrictions regarding financial advisory for British nationals in the […]
A November report from the Office for National Statistics (ONS) said that UK inflation had risen to 4.2% in October. This was largely due to the rises in energy and fuels costs. News just broke yesterday that it reached a decade high of 5.1% during the month of November. Similarly, Europe’s statistic office (Eurostat) is […]
The two most typical ways that expatriates manage their UK pension schemes are either by keeping their pension with a British provider or by transferring the funds into a QROPS. A QROPS is a Qualifying Recognised Overseas Pension Scheme. It allows one to receive transfers from UK pension funds while still abiding by the HMRC’s […]
In our article this week, we address some hot button topics that have been coming up in the financial discourse. We also provide you with some important take-away information that you may not be aware of. Changes in pension law and UK investments Due to the legal repercussions of Brexit, it is now against the […]
After years of hard work and saving, it’s finally time to travel and to enjoy our retirement years without worrying about our finances.