If you’ve worked in the UK at some point, the chances are you paid into some form of pension. It might only be a small amount but it’s always worth having a look, and you never know your UK pension review might uncover a nice surprise.
It is often said that retirement can be either the longest holiday of your life, or the longest period of unemployment. Your pension will most likely play a big part in which path you follow. Failing to make the most of your investments now can have a massive effect on whether you achieve your retirement goals.
A vast amount of UK pension transfers end up in Malta due to the numerous benefits for British expats retiring to Europe or any of the 65 countries which have a Double Taxation Agreement with Malta.
All firms charge fees, but these can differ greatly from company to company. Typical fees charged include upfront fees on the funds and underlying investments. Many funds also have very high annual management charges, occasionally upwards of 3%. Do you understand the charges? Are there hidden fees on your plan?
That all depends on the answers you give to the following questions during your UK pension review… And more. What existing plans have you have in place, your current country of residence and where you may move to before and through retirement, total value of your pension plans, your tax position and the tax status of the country you reside in and plan to retire in, your priorities, your attitude to risk, do you need a lump sum to pay off a mortgage or even buy that yacht? Your overall financial planning and wealth. Pension planning isn’t the be-all and end-all, but plays an important part of your financial portfolio.
No matter how big or how small your UK pension, Skybound is here to help you get your finances in order. From tracking down your pension and speaking to your Administrators on your behalf, Our specialist pension support division can conduct your UK pension review and help you negotiate the minefield of small print and help you to understand just exactly how your pension is performing.Talk To An Adviser
You can reach us directly by calling us between the hours of 8:30am and 5pm at each of our respective offices and we will immediately assist you.