Due to the UK Government altering many rules and regulations with regard to those with a UK pension, it is no wonder why this is the most frequently questioned topic with clients. Indeed, it is very important you understand all of the changes within the tax laws of the UK pensions system and the requirements for when you get to, or are approaching, retirement age. There are some outstanding products that allow you to move your pension offshore enabling you to fully benefit from living overseas.
Dealing with your estate in the event of your death is a topic which if you ignore could become perilous. As without the right inheritance tax planning, others’ could benefit more from your life’s work than your family. That is why it is vital to work out what you may be liable for once you are deceased.
The unquestionable reality of savings plans illustrates that there aren’t very many international product providers. Furthermore, the majority of their products are similar making personalised options rare. It is the process behind selecting the contents of these products, namely: underlying investments, that will either match or fail to match your expectations. You should strive for the former.
Protecting Your Family Providing protection for the people who are most important to you is without doubt your primary financial obligation. That’s why, having arrangements in place which cover you, wherever you are, and for whatever you are doing; is vital.
Everything we do needs to be differentiated to managing our finances so that we can achieve long-term security. This doesn’t merely involve buying a financial product but rather, adopting a committed and holistic approach to achieving the wealth and security you desire. Clients should seek independent and individual advice that will take your cumulative into account to ensure that every possibility is explored, every base covered – and every Dollar works for you.
Whether you’re saving for a new home, a dream holiday or simply for a rainy day, savings plans need to be as individual as you are. Aim to create an investment strategy that suits your needs and utilise the best fund managers in the world, whilst operating from a secure and tax-efficient, offshore location. This ideal combination will help you reach your savings goals. With most companies here in the UAE not providing adequate pension and retirement needs for employees is widespread. This is why it’s crucial that as a non-tax paying expat, you take full advantage of the time that you have here. Particularly as pensions and retirement planning can be difficult and convoluted. This is why professional planning should be prioritized so you can possess financial freedom later in life. Moreover, the products that can be recommend will produce the sort of returns that will not only exceed your expectations but will not affect the quality of your lifestyle when you are no longer working.
Anyone who has a family will know that education is getting more expensive each year, with most universities now increasing their fees to an alarmingly high rate of 7.5%, year on year. This is where planning for your children’s future, as early as initial pregnancy, is essential to ensuring your children get the best out of life.
Exchange-traded products are similar to mutual funds in that they’re made up of a basket of securities.
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