Can you transfer a UK pension to Poland?

For many Poles who have returned home after living in the UK, one of the big questions involves what to do with any UK pension benefits that have been accumulated while away.

This dilemma is even more pertinent in the light of Brexit and the additional uncertainty that it brings to the table. Continue reading “Can you transfer a UK pension to Poland?”

The power of diversification

“Holding a diversified portfolio of asset classes and investments means you don’t have to try to pick and choose the best performing section each year (which is impossible to do anyways).” – Ben Carlson @awealthofcommonsense

This chart is one of my favourite ways of demonstrating the importance of diversification for those who are thinking about retirement or who have already hung up their spurs.

Continue reading “The power of diversification”

Financial planning update – November 2018

Stock market jitters continue

The stock market jitters that began in October have continued throughout this month.

US markets are now down 8-9% over the last two months, while European markets have lost 6-7% over the same time period and in the UK, the FTSE has dropped by a similar amount. Continue reading “Financial planning update – November 2018”

Is fear of Brexit a suitable reason to transfer your UK pension to a QROPS?

Woohoo, another Brexit story. Hold me back, you say.

However, I have seen a number of articles recently extolling Brexit as a bona fide reason for transferring a UK pension to a QROPS (Qualifying Recognized Overseas Pension Scheme) and I wanted to try and separate some of the fact from the fiction.

In no particular order, here are 3 of the main justifications that I have seen: Continue reading “Is fear of Brexit a suitable reason to transfer your UK pension to a QROPS?”

How does cohabitation affect your pension?

At the recent Conservative party conference, Theresa May announced that legislation would be altered to allow mixed sex couples in England and Wales to form a civil partnership.

While the choice to be married, in a civil partnership or living together as cohabitees is a personal one, it should be noted that, at least from a pension perspective, cohabitation carries certain disadvantages. Continue reading “How does cohabitation affect your pension?”