Insights
How to transfer your UK pension to Australia (Updated 2017)
After tight regulations in 2015, UK pensioners aged 55 years and above can now transfer their pensions to Australia once again. These new schemes are referred to as 55 plus due to their age qualification. In 2015, Her Majesty’s Revenue and Customs (HMRC) declared all Qualifying Registered Overseas Pension Schemes (QROPS) in Australia non compliant…
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Retirement Options for UAE Workforce
UAE residents are said to delay saving for their retirement longer than other world population. The same is also true for expatriates working in the UAE. While this may be due to a number of reasons, GCC (Gulf Cooperation Council) countries have implemented state pension schemes for their citizen employees. Pension law Under the…
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Why Saving Is Important For Expats In Dubai
Dubai is a fabulous desert playground for expats tempted to spend their tax-free salaries on a playboy lifestyle rather than save for retirement. Spending rather than saving is a trap many expats lay for themselves. Rather than think about tomorrow, the shopping malls, entertainment and outdoor, sporty lifestyle can suck away money. Although expats earn…
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A guide to the pension system in the United Kingdom
The UK system was first laid down in the years following the Second World War with a state pension paying a guaranteed retirement income to replace the income of workers who gave up their jobs at the age of 65. Over the intervening years, successive governments have tinkered with the pensions system leaving the…
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Free online tools for working out retirement income
Everyone needs to know how much money they are likely to receive as a retirement income. The problem is working out the figures is complicated. To make the job easier, here is a list of free and independent online calculators and checklists that are safe and simple to use. They cover everything from how…
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Stretching savings to fund the retirement age gap
You may not mind the age gap between you and your partner – but you should think about how those years impact your pension. Age is a big factor in deciding how to spend retirement savings. But many couples approach the issue the wrong way, especially if the youngest partner is a woman. Take…
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