Many of us worry about funding for our retirement. That’s because pensioners need to balance the fact that they can no longer rely on a dependable monthly salary with additional inheritance and care costs – and because of that, it seems that each pound is split several ways. Many of us also want to earmark our […]
Motivational speaker Byron Pulsifer takes a rather philosophical view on the subject of retirement: “The joy of retirement comes in those everyday pursuits that embrace the joy of life; to experience daily the freedom to invest one’s life-long knowledge for the betterment of others; and, to allocate time to pursuits that only received, in years […]
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 […]
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 […]
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, […]
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 […]