A monthly summary of financial planning issues affecting expats. This issue covers stock market volatility, financial literacy, inheritance tax, pension lifetime allowance and Bitcoin.
How does cohabitation affect your pension? As always, knowing how your particular scheme works is key.
Thinking of drawing down the tax free part of your pension? Here are 3 reasons why you should think twice.
If you move from Switzerland to Poland (or any other EU country), you can access the bulk of your Swiss pension scheme.
It is not uncommon for people’s pensions to go to the wrong person if they die.
Don’t let that happen to you.
By living off other assets in retirement, you can reduce any potential inheritance tax bill by passing your pension on to your heirs instead.
You can continue to build your UK state pension entitlement by making voluntary National Insurance Contributions while living in Poland.
If you are one of the more fortunate expats that retain membership of an employer pension scheme, it is possible that you are not taking full advantage of the benefits that are on offer. You see, the way a typical pension works is that staff pay a fixed percentage of their wage into the scheme …