Free-Spending Pensioners Risk Running Out Of Cash

A think tank is warning that retirement savers in other countries with flexible pension freedoms like the UK often run out of money by the age of 75 years old. The study looks at what might happen if UK retirement savers cash in their pensions in the same way as those in the US and […]

Savers Don’t Know How Much Money They Have

More than half of workers approaching retirement have confessed they have no idea how much they have saved to fund their lifestyle when they give up work. The shock response was the result of asking more than 3,000 workers aged between 45 and 64 years old about their financial plans for retirement. The survey, by […]

Watch Out For Australia QROPS Contribution Limits

One problem for wealthy expats wanting to set up an Australia QROPS is pension rules only allow payments in of £250,000 every three years. For many modest retirement savers that can sound like a lot of money, but for many entrepreneurs and executives, and average pension fund can easily breach this limit. The answer to […]

Pension Traps That Leave You Short In Retirement

Governments are making clear that individuals have a personal responsibility for making sure they have enough money to finance a comfortable retirement and they cannot expect more than basic aid from the state. Many countries are setting up workplace pensions schemes, like auto-enrolment in the UK, to help workers save more when they are younger. […]

Expat Retirees Need to Check the Pension Legislation Changes

Brits planning to retire overseas must start to familiarise themselves with the pension changes due to kick in on 6th April 2015, according to industry analysts. A lack of knowledge could result in thousands of pounds being wasted, with the pension freedoms actually having the potential to be used advantageously as they are extended from […]

QROPS for US Residents

QROPS were seen as an impossible dream for US residents with UK-based pensions up until 2010. The reasons for this were mainly based around the reporting requirements to the IRS. Pension trustees used to tend to overlook US residents for QROPS, because of the resources required to fulfil the reporting necessities. The relatively low number […]

QROPS: Pension Liberation Scammers Looking Overseas Now

HMRC, the tax man and pension providers have all expressed concern that pension liberation scammers may now be using offshore schemes for their swindle, regardless of whether the saver lives overseas or not. A QROPS is a platform for those who either currently live overseas or plan to within the next 12 months. It offers […]

UK Employers Getting Shot of Pension Schemes

Expensive staff pensions are falling by the wayside with regularity as companies see them as an expense they can ill-afford, according to research conducted by the Pension Protection Fund (PPF). The PPF is the body which looks after pension holders in the UK, it compensates members of funds with companies which have gone into insolvency, […]

NHS Pensions Transferring to QROPS

NHS pension holders are currently the main sector looking to transfer their savings into a more beneficial QROPS, before this option is no longer available. As of April 2015 the door will be shut firmly on any kind of transfer to a scheme developed initially to allow expatriates living away from the UK – or […]

QROPS, The Time is Now

Almost every financial publication are covering the public sector pension reforms right now, and amid reports of further sweeping to come following the General Election in May, it is a story that is unlikely to go away any time soon. So exactly what is going on in the public sector? Why are there such a […]