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Wealth Management Advice
Planning for the future is an important part of our lifestyle management. We all want to feel that when we retire from work, we will be able to enjoy our spare time and look forward to some hard-earned relaxation. Another aspect of wealth management we need to consider is the matter of inheritance. We work hard for ourselves, but we also want to know that our children and loved ones will be taken care of after we pass.

No matter where in the world you live, getting good financial advice is vital. However, for British expats living in a foreign country, getting advice from reputable financial advisors is especially important. Expats can be affected by many different things when they move abroad. Matters such as different currencies and exchange rates can have a significant impact on their wealth management planning.

QROPS – Advice for Expats

In the current economic climate it is very important that expats understand the differences in tax legislations around the world. Although you can conduct your own research online, nothing compares with good independent advice from financial advisors who are experienced in dealing with expats. These financial advisors will be able to provide valuable insight in regards to the laws that apply to your country of residence.

In recent years, one of the most important aspects of wealth management that expats are considering to enable a more secure financial future for themselves and their families are Qualifying Recognised Overseas Pension Schemes, or QROPS. QROPS do not come in a ‘one size fits all’ package - but for many expats, QROPS are a good choice in terms of tax benefits and their new circumstances. QROPS provide a way to transfer your UK pension into an alternative, offshore package. This can offer more investment freedom, better inheritance provisions and can counteract potential losses from currency conversions.

Reputable Financial Advisors

When it comes to sourcing the correct wealth management solutions for you, make sure that you arm yourself with as much information as possible. It is advisable that you only use financial advisors who have been authorised to operate in the country that you are resident in. This will give you the peace of mind that you are getting only qualified advice that fits in with the regulations and laws of your new home country. You’ve worked hard for your money, so make sure you get the best advice to make your money work hard for you. Make sure to visit us if you need to understand a little more about QROPS and Financial Advisors.