There are lots of things to consider when deciding on the right retirement strategy  and they will influence what type of pension structure we would recommend, and why.

A pension review is key to your retirement comfort, as is  selecting the right product. Your decision will impact:

• How much cash you can transfer from your retirement fund – and at what tax rate.
• Whether there are guarantees in place as to the minimum pension income you can expect.
• How exposed your pension funds are to risk, and whether that matches your risk exposure appetite.
• Where you live now, when you plan to retire, and whether that impacts the value of your existing pension products.
• What your objectives are for the future, and what financial stability you require from your pension schemes.

Pensions are diverse and the transfer rules between UK pension schemes and overseas schemes will determine the ideal option.

Once the UK’s departure from the EU is complete, there is potential that a new Overseas Transfer Charge will be introduced into British tax legislation. This change will have a significant impact on the best way to manage your retirement funds as an expat living abroad.

We recommend downloading your free SIPPs vs ROPs Guide, to learn about the pros and cons of each. Seeking professional guidance from an experienced expat retirement adviser will make sure your future is safely prepared for.

Retirement is a time of life that you should be able to look forward to and reap the rewards for years of hard work. To achieve that, planning will pay dividends in safeguarding your retirement wealth and protecting the value of your assets.

About Chase Buchanan

As a wealth management expert with years of global experience, Chase Buchanan works with clients around the world in stabilising pension income streams and recommending the most tax-efficient products for UK expats in their retirement.

With our offices in France, Cyprus, Spain, Portugal, Canada, Belgium, the USA, the Isle of Man and our Administration Centre in the UK, we have local on the ground knowledge about the tax legislation throughout Europe, and beyond, allowing us to offer bespoke advice to best suit your retirement aspirations.

In a time when regulations are changing fast, it is more vital than ever to seek professional support with planning for overseas pension income.

While some European pension rules are still to be clarified, moving quickly may prove advantageous in avoiding future legislation that may be less tax-efficient than current product transfers available.

Download the Chase Buchanan SIPPs vs ROPS Guide today for more information, or contact your local office to schedule a private consultation.