If your dream retirement is somewhere with more sunshine and less rain than the UK, then it may be time to ask yourself “how will moving abroad affect my pension?”
The State Pension
You can claim your UK state pension if living abroad, but it will continue to be paid from the UK and in pounds sterling. (see https://qropdirect.com/QROPS_FAQ.php - Can I transfer a UK state pension?). This raises questions about t...
Your current home may well be the place where some of your happiest memories were created. Realistically, however, downsizing may be an excellent way of financing many more. Here is a quick guide to some key questions on the topic.
Why should I downsize my home?
Home may be where the heart is, but property has a financial value. There are various schemes which make it possible to release equity in property wh...
As the song goes “I got bills, I gotta pay, so I'm gon' work, work, work every day.” At some point however, people may want or need to give up going to work every day. Even younger people need to think about how they will pay their bills if they are unable to work for any reason.
If you are intending to give up work permanently, it is absolutely crucial to plan ahead. One option is to save into a...
In the past three years there have been dramatic changes to the way people save for their pensions in the UK and the role that employers have in helping them to build up a pension pot.
The process of setting up new workplace pension schemes, called auto enrolment, has been ongoing since 2012 and employers of all sizes, from major corporations down to individuals with nannies or carers have to comply.
Paying tax is an onerous duty and one we all wish we didn’t have to do.
Judging by recent newspaper headlines, it seems that if you are rich and famous tax avoidance is almost compulsory.
Whilst actual tax evasion is illegal (ie stashing it under your mattress), tax avoidance is not, it is simply the practice of being savvy with your money to limit the amount it can be taxed within the law.
“Breaking up is never easy” but sometimes it's the best you can do. The Abba hit “Knowing Me, Knowing You” was released in 1976. A lot has changed since then, but breaking up still remains a painful and potentially expensive matter.
The Basics of Divorce
There are three steps to getting a divorce.
Step one is to file a divorce petition. This currently carries a fee of £410.