The Great Wealth Transfer: why it’s good to talk
Prism Xpat | Xpat Community Blog
by prismxpat
4y ago
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How to Act in Times of Financial Market Turbulence
Prism Xpat | Xpat Community Blog
by prismxpat
4y ago
The current global Coronavirus pandemic has caused financial markets to be highly volatile,. Equity markets are falling back at the moment, but when this is over, gains may be observed over an extended period. That said, it’s natural to feel uncertain and concerned about the impact of financial market turbulence on your investments and pension. Talking to an expat financial advisor in the UK may offer some clarity on what you can do. Most of their clients are pension investors, which means that their investments are designed for a longer term. An expat financial advisor in the UK may look in ..read more
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Coronavirus Impact – Viewpoints of Investment Manager
Prism Xpat | Xpat Community Blog
by prismxpat
4y ago
You are not alone. Coronavirus is causing many investors extreme worry and uncertainty. The best thing to do is to seek expat financial advice in the UK regarding your pension and investments, so you can determine the best course of action. It also pays to know the viewpoints of investment managers particularly on longer-term investments like pension funds: Many are concerned that the Coronavirus may negatively impact the global economy, as they observe the significant decline of stock markets around the world. However, the falls should not affect the value of investments or pensions that are ..read more
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Everything You Need to Know About Transferring UK Pension to Canada
Prism Xpat | Xpat Community Blog
by prismxpat
5y ago
UK pension transfers for UK expats planning to live in Canada used to go through what is known as QROPS or Qualifying Recognised Overseas Pension Scheme (which later on became Canadian ROPS or Recognised Overseas Pension Scheme) or through another scheme set up in a different QROPS jurisdiction like Malta. Early in 2017, however, all Canadian QROPS were taken out of the ROPS list from HMRC, making UK pension transfer to Canada a lot trickier than it used to be.  It is no longer possible to transfer UK pension to a domiciled scheme in Canada, pension transfers have to go through a different p ..read more
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Some Facts about QROPS Pension Transfer
Prism Xpat | Xpat Community Blog
by prismxpat
5y ago
A QROPS is a type of overseas pension transfer scheme that follows requirements set by HMRC (Her Majesty’s Revenue and Customs). A QROPS is a  Qualifying Recognised Overseas Pension Scheme that requires a beneficial owner along with a set of trustees. Once set up, it can be used to receive pension benefit transfers. Originally a part of the UK legislation of 2006 (6th April), QROPS was a direct result of the EU freedom of capital movement’s human rights requirements. A QROPS shouldn’t incur any unauthorised payment or scheme sanction charge. . A QROPS UK pension transfer is an ideal option for ..read more
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How To Select The Best Final Salary Transfer Scheme?
Prism Xpat | Xpat Community Blog
by prismxpat
5y ago
The final salary pension transfer scheme continues to be a popular choice with expats because of the rising transfer values and the freedom and flexibility it provides. The final salary pension is also referred to as the ‘defined benefit’ pension, which ensures a fixed retirement income for life, regardless of the effects of inflation. However, you might get overwhelmed with the selection of transfer schemes available. It is important to know that pension transfers are crucial decisions that require careful thinking and consideration. Here are some tips for choosing the right final salary tran ..read more
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How Advisory Firms Can Help With Expat Pension Transfer?
Prism Xpat | Xpat Community Blog
by prismxpat
5y ago
You have many things to worry about when moving abroad, but your pension should not be one of them. Working with an expat pension transfer specialist will make the process simpler and less stressful. Get in touch with a financial and pension advisory firm that has many years of extensive experience in helping their clients such as yourself make informed decisions on the best course of action to take. They can make a formal recommendation, whether you have an occupational or personal pension, a final salary or benefit, a SSAS or SIPP, or an unfunded scheme, and whether it comes with a guarantee ..read more
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How to Find the Best Pension Transfer Advisor in the UK?
Prism Xpat | Xpat Community Blog
by prismxpat
5y ago
Pension transfers can be complex, they require much thought and consideration before making a final decision. It is important to seek expert UK pension transfer advice from qualified financial advisers who will determine the best outcome on your pensions based on your own financial circumstances, priorities and objectives. A pension transfer adviser will want to know about the general state of your finances, your personal circumstances, as well as your goals when it comes to managing your assets. They will also want to know whether or not you are willing to take risks with the money that you h ..read more
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Maximise Your Retirement Income with International Pension Transfer Plans
Prism Xpat | Xpat Community Blog
by prismxpat
5y ago
Transferring your pension benefits internationally can be a daunting and complex process, which is why many individuals choosing to retire or move abroad turn to international pension transfer specialist and professionals who can help them navigate the process. Using a pension transfer adviser can save you a great deal of stress in dealing with all kinds of regulations and requirements that these international transfers entail. Experienced professionals with the right expertise, especially when dealing with international pension transfers can help you maximise the success of the transfer as we ..read more
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Steps to Follow for Transferring a UK Pension to New Zealand
Prism Xpat | Xpat Community Blog
by prismxpat
5y ago
Many British Expats find New Zealand to be the ideal destination for retirement. NZ’s sprawling nature offers the best opportunities to explore and experience the great outdoors, which appeals greatly to expats wanting balance between city and country life. Moving abroad to retire, however, isn’t as simple as picking up your stuff and going. You also need to think about whether to transfer your pension to New Zealand and manage your finances from then on. When deciding to move abroad for retirement, it is vital to reevaluate and put in order your financial position. Reassessing your finances i ..read more
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