Sunday, December 15, 2019
Home Retirement

Retirement

Featuring the latest retirement news, these articles show you how to make the most out of your pension, and provide information on retirement planning, pension transfers, QROPS, QNUPS and SIPPS.
This market is volatile – and our team of experts can help you understand the factors at play by stripping away the opinions and reporting the solid facts.
We’ll keep you up to date with the latest legislation, how to claim pensions when you are overseas, and any changes to British pension rules.
To compliment this offering, we also look at the latest expat lifestyle trends – so you stay informed of the latest news and developments – wherever you are in the world.

Most people leave the country to live somewhere warmer with a cheaper cost of living without giving a thought to what happens to their pension. But before you wave goodbye to Britain, it's worth taking some time to find out how the move may impact retirement savings and the tax...
Many retirement savers are confused over the tax-free lump sum they can take from their Qualifying Recognised Overseas Pension Scheme (QROPS). Many financial firms advertise that a 30% tax-free lump sum is available – which it is, but only from providers and financial jurisdictions. With around 1,000 QROPS on the market...
Doctors are taking early retirement in a bid to avoid tax penalties for breaking strict pension saving rules. Researchers found almost a third of family doctors who retired last year gave up work before they were 60 - double the number who retired early in 2012. The rising trend for doctors...
Retirement is often a financial mess for women who save less and are short-changed in divorce deals. Fewer women have retirement savings – half against six out of 10 men, while a quarter of women confess they save nothing. Three out of four women do not include a spouse’s pension in...
Digital currency pensions are a new fashion in the US - but critics are warning retirement savers of the risk of losing all their money if they invest and the market slumps. Thousands of investors want to take a chance of building retirement riches on crazy digital currency prices that...
Expats approaching retirement in Australia can expect to meet tougher residency and qualifying rules for the state pension under a new bill. The Social Services Legislation Amendment (Payment Integrity) Bill 2017 is before the Australian parliament and is amid controversy over unfairly penalising expats. The bill restricts access to state benefits...
Wealthy baby boomers are not only the most well-off generation, but they are the most generous as well. New research shows that the post-war generation is most likely to give any cash windfalls they inherit to their children or grandchildren. Nearly half of baby boomers (46%) - the generation born between...
Pension freedoms could cost retirement savers almost £20 billion in income tax over the next decade. But how much each saver pays could vary widely depending on how they decide to access their money, says a study by the Pensions Policy Institute. The PPI says 54% of defined contribution pension pots...
Transfers away from workplace retirement schemes to personal pensions or QROPS for expats are becoming more common - but the tax man may want to know why you moved your money if you are in ill-health. As pension schemes at one big company tumble, thousands of workers have chosen to...
Pension experts have crunched some numbers to come up with how much an average worker needs to save to retire on a target annual income of two-thirds of their final salary. The average salary at retirement is £27,000, according to government figures. To maintain the standard of living this salary buys...
Retirement savers do not want the government to tweak their pension freedoms as MPs mull over if more curbs are needed. Parliament’s influential Work and Pensions Committee has recently ended an inquiry scrutinising the financial risks of pension freedoms, with some MPs hinting they might ask the government to restrict...
The see-saw deficits of Britain’s workplace pensions have improved so far in 2017 – but are still worryingly in the red for retirement savers. The latest figures from pension experts PwC’s Skyval Index show that the combined deficit of nearly 6,000 UK employer pension schemes was £450 billion at the...
The Overseas Transfer Charge is an opportunistic tax on expats who have no one to speak up for them when the British government decides to demand extra money from their offshore pensions. Expats suffer financially because they have no collective voice in government and no representation in Parliament. British expats outnumber...
If you are approaching retirement and are looking for a useful way to harness artificial intelligence, why not try one of the many pension calculators online. Tracking the money you have saved and working out how much you might need once you give up work are just two of the...
Financial experts are predicting more than a million retirement savers will transfer out of their direct benefit workplace pensions over the next 25 years. The number of savers looking to escape their direct benefit schemes has soared in recent months. Consultancy Hymans Robertson says the main reason workers want to flee...