How To Shift Your Pension Abroad
- Author Joyce Stewart
- Published February 10, 2011
- Word count 370
When I first married my husband, we decided there and then to start saving for our old age. We could of said "oh well, we can do that next year". None the less, we did not want to leave ourselves in awkward places should anything happen to one of us. We had also been warned by our financial advisor that the UK pension does not allow a good standard of living.
Once the debt of a mortgage was fully paid off, we decided to start paying more cash into private pension funds. We all the time wanted to leave the uk so our goal when we retired was to buy a villa and live in Spain. Spain was always our family holiday address so we knew it well. We had also checked out villas that would be most suitable.There was also a website that we read thoroughly as it explained a lot of need to know material about the Uk pension. Spain is a country within the EU so this meant we could shift our pension without penalties. We just needed to tell the pension company of our new address in Spain.
With this in mind, next came our personal pensions. We looked on the internet and found a corporation that dealt with transferring private pensions to foreign countries. They also measured its present performance to make sure that the investment were working to utmost potential. This meant flexibility, more choice and ease of mind.
Complications and moving goal posts used to be how we summed up pension companies. However, with the help of pension specialists our task of ensuring that our individual pensions wouldn't be affected by moving abroad, or even diminish in value, was in safe hands.
We had both worked so hard to build up our individual pensions and we wanted to gain as much out of them as possible. It was our savings and pensions funds that going to fund our life in Spain, so everything had to be spot on. The transfer of our pensions to a new pension strategy has gone very smoothly. So now that our state and personal pensions are in order, we can go to Spain and purchase our villa.
QROPS is a pension plan that allows you to transfer your pension overseas without losing benefits. Joyce Stewart is a freelance writer who recommends looking on the World Wide Web for more information about QROPS pension schemes.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- The Road to Sobriety: Understanding Substance Use Disorders
- MotorKote Ultimate 40/60 Synthetic Hyper Mix 5W-30
- Exploring Denver on a Dime: A Frugal Travel Guide
- Top 10 Ways Production Scheduling in Business Central Transforms Manufacturing
- Strength Training and it's Incredible Benefits for Fat Burning
- Enhancing Home Security with Aluminum Shutters: A Focus on Weatherwell Elite
- 5 Easy Ways to Make Oral Hygiene Fun for the Whole Family
- Transforming Plastic Extrusion Machines into Recycling Powerhouses
- Unraveling the Potential of Plastic Extrusion Machines
- The Rise of Plastic Recycling Machines: A Step Towards Sustainability
- Strawberry Cheesecake Ice Cream: OMG! Unreal!
- The Advantages of Using Professional Home Cleaners in Ilford
- 8 Compelling Reasons to Hire Professional Home Cleaners
- The 12 Steps Narcotics Anonymous Program To Recovery
- Send Money to Tanzania: Effortless Transfers with SafariRemit
- Stylish Savings: 10 Frugal Ways to Stay Fashionable in 2024
- Fly Cheap With FlightPapa To Any City
- How Collaborating with a Software Development Company Can Propel Your Business Forward
- A Comprehensive Guide to Choosing the Best Hair Transplant Method
- 15 Frugal Tips for a Memorable Wedding Day
- Credit Union vs. Bank
- Explore the Advantages of Renewable Energy: Wind, Solar, Biomass, Hydropower and Geothermal Energy
- Frugal Nutrition: How to Eat Healthy on a Budget
- Fintechzoom Richard Mille
- Who owns the most Bitcoin?
- Fintechzoom IBM Stock: Powerful!
- Building a Professional Website on a Budget: Using Free Tools like WordPress and AI
- Navigating Vietnam's Tourist Immigration: Challenges and Solutions
- Bitcoin FintechZoom
- Cost-Effective Gardening: Tips for Enhancing Your Garden on a Budget