Your goal – providing for retirement
How confident are you that you'll achieve the retirement you want?
We all know that the earlier we start planning and saving for retirement, the better chance we stand of living the lifestyle we want.
But, if you're living and working abroad, you may be finding it difficult to set up suitable plans. You may not be comfortable with local arrangements for instance. Perhaps you've discovered that you can't actually pay into a UK pension, or that you're unable to get tax relief on your contributions while working away.
These may all seem like good reasons to defer thoughts of a pension but, remember, every moment you delay is costing you valuable income in retirement. By seeking the help of a professional financial adviser representative you should be able to get past such worries, and you might even be able to take advantage of local legislation and tax breaks.
Planning your investments
First you need to consider what kind of provision you need to make. Your financial adviser representative can help by working with you to understand your needs in full. For example:
- How much will you need for the retirement you want?
- How soon do you hope to retire? People tend to live longer these days so your retirement will hopefully be a long one.
- How can you make your investments work hardest for you to minimise future tax liability?
- Are you thinking of living abroad in the future?
Having defined your needs, your financial adviser representative will help you create an investment portfolio with the right amount of flexibility for you, and taking account of the way you eventually want to withdraw your money. You can also include ways to reduce your family's liability to UK inheritance tax (IHT) if applicable, since many UK expats are still considered to be UK domiciled and will be caught by it. There are also trusts to protect your savings.
We provide you with a range of tools that help your financial adviser representative to recommend the right solutions. We are an acknowledged expert at helping financial adviser representatives deliver retirement and investment solutions for different jurisdictions around the world.
The information provided on this page is not intended to offer advice. It is based on Old Mutual International's interpretation of the relevant law and is correct at the time of publication. While we believe this interpretation to be correct, we cannot guarantee it. Old Mutual International cannot accept any responsibility for any action taken or refrained from being taken as a result of the information contained on this page.
Past performance is no guarantee of future returns. The value of the investments and the income from them can go down as well as up and the investor may not get back the amount invested. Where a transaction involves more than one currency the investor may be exposed to the risk of currency fluctuations.