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The Lifetime Allowance – will your pension be affected?

The Lifetime Allowance – will your pension be affected?

For those that are not already familiar with the lifetime allowance (LTA), it is the threshold the UK government has set for the total value of funds you can hold in all of your private and/or works pensions. How much is the lifetime allowance? As it stands, the current LTA is GBP 1,073,100. Any amount …

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Monthly financial checklist

Monthly financial checklist

When it comes to keeping on top of your financial situation and all associated tasks, it can easily feel overwhelming. However, if you break it down month-by-month and focus on one thing at a time it’s less daunting and more manageable. Think of it like a financial checklist. January: review your net worth and asset …

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Calculating your retirement fund

Calculating your retirement fund

Calculating exactly how much money you will need for retirement can feel like a daunting task. But, planning retirement, especially as an expat, is a key part of sound financial planning. Working, or living internationally, has wonderful benefits, but it can complicate retirement and inheritance planning somewhat. Ensure you know where you will be a …

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Understanding risk

Understanding risk

When it comes to investing, risk and reward go hand in hand. Therefore, before making an investment, it’s important to know how much risk you are willing to take. You need to know your risk tolerance. What is risk tolerance? Risk tolerance is simply the amount of risk an investor is comfortable in taking; it’s …

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What is your financial number?

What is your financial number?

In the financial world, when someone asks, “what’s your number?”, it’s likely they are not trying to fix a date with you. Rather, they want to know your financial independence number. A financial independence number tells you when you’re free from the need to work.  However, working out your personal financial independence number is more …

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Looking towards 2021 and the major forces at play

Looking towards 2021 and the major forces at play

Joe Biden is the US President-elect, Brexit is happening and a COVID vaccine is on the cards. The end of 2020 is looking very different to the first half of the year. In our latest client webinar, I spoke to Joe Palmer about his view on the big events of 2020 and how they may …

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Why you can’t transfer your UK State Pension abroad

Why you can’t transfer your UK State Pension abroad

As an expat, you cannot transfer your State Pension overseas. However, it is possible within many of the countries that have a dual pension treaty with the UK to transfer your eligible years to allow for a combined total. This can be really useful when trying to achieve a certain amount of years in order …

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Emergency funds – why they matter now more than ever!

Emergency funds – why they matter now more than ever!

Coronavirus has already had a far-reaching economic impact with many expats having contracts terminated sooner than expected. However, even if you are in a stable role, an emergency fund is always vital to financial security. An emergency fund is a stash of money set aside as a financial safety net. It is also one of …

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Top ways to secure your financial future

Top ways to secure your financial future

Perhaps you’ve just started life as an expat or have been living and working abroad for years. Regardless of where you are on your journey we are confident the tips below will help you take a few extra steps towards securing your financial future. Expenses review Before deciding how much you can save and direct …

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Why it’s important to know and track your net worth

Why it’s important to know and track your net worth

An increasingly popular way to understand how financially healthy you are is to know your net worth because it is easy to track and compare year-on-year. Net worth, when reviewed, will also give you a clear idea of whether you are spending too much, how much you have in savings and whether you’re putting enough …

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