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Retirement Planning for Expats

Are you financially prepared for your retirement? We offer one on one financial advice tailored to you and planning your retirement as an expat, guiding you through all your options to ensure you are in the best financial position

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It’s never too early to start planning your retirement as an expat…

When we are young we often have savings goals that align with other major life events such as buying our first home, getting married and starting a family. As time goes on, our financial goals change.

At some point we start to think about retirement, and it really is never too early to start. We want to make sure that you have saved enough to have a comfortable and enjoyable retirement.

The key to excellent financial planning is to look at what we have now, what we need, and what steps are available in the interim to make those goals a reality.

It’s also worth considering how quickly and frequently tax regimes change. There are often new initiatives or schemes available which may not have been possible at your retirement date, which now present an excellent opportunity to improve your financial outlook.

With so many things to consider it could be highly beneficial to start planning your retirement as an expat with the help of a qualified expert.

That way, you can create a personalised plan that allows you to achieve the goals you set out for your retirement in the most effective way possible.

What will your pension be worth when you retire?

Knowing what your pension might be worth when you retire is critical to planning ahead for your retirement.

If you know where you are now, and where you want to be, the journey will be easier. Use our calculator to work out what your pension will be worth when you come to retirement age. You can also see how small differences today can have a huge impact on your financial future.

Calculate pension value

Guide to Retirement Planning for Expats

Have you considered the kind of lifestyle you want when you retire? If so, have you thought about how you will fund it?

According to research, an alarming number of people are financially unprepared for retirement. A fifth (21%) of people in the UK have no private pension, while 17% of those aged 55 or over still have no pension savings.

This highlights why retirement planning is one of the most important components of financial planning. And the earlier you start, the better. Our guide walks you through everything you need to know to ensure you are fully prepared when your time comes to retire.

View Guide

Retirement planning for expats made simple

  • ThinkAbout where and when you would like to retire.
  • CalculateHow much income you would need to maintain a comfortable current standard of living in retirement?
  • ConsiderThe impact of inflation, medical costs and other expenses on your retirement fund.
  • SpeakWith your financial adviser to find out more about how Holborn can help you plan your future.
Expat retirement planning

Why should you speak to an expat retirement and estate planning specialist?

  • Be financially prepared for retirementOur experts provide quality, straightforward advice to help you live the life you want when you retire.
  • Provide tailored adviceOur experts consider your financial situation and goals to provide bespoke advice.
  • Ensure you are tax-efficientSpeak to an expert to ensure you are not paying more tax than you need to.
  • Peace of mindKnowing that your retirement and estate planning are taken care of will give you peace of mind.

Retirement planning for expats FAQs

Why is retirement planning important for expats?

Retirement planning for expats is one of the most crucial elements of your broader financial planning. Having enough money when you retire to live the life you want requires careful planning and a highly considered approach.

UK expats working in the UAE benefit from tax-free earnings. However, this means they are required to organise their own pension as there is often no automatic enrolment like there is in the UK.

Speaking to an expat retirement planning specialist can help you develop a clear roadmap and build a secure financial future.

Depending on your domicile status when you die, you may pay liable for UK inheritance tax (IHT) up to 40%. For this reason, it is essential for UK expats to plan ahead.

However, certain products and strategies can reduce IHT liability. Speaking with an expert can help ensure your assets are well structured, and you pass on what you intended to your loved ones.

Depending on your domicile status when you die, you may pay liable for UK inheritance tax (IHT) up to 40%. For this reason, it is essential for UK expats to plan ahead.

However, certain products and strategies can reduce IHT liability. Speaking with an expert can help ensure your assets are well structured, and you pass on what you intended to your loved ones.

Transferring a UK pension(s) can provide several benefits for UK expats who intend to retire abroad.

While it is possible to transfer many different types of UK pensions, it is highly advised that you first consult an expert. A professional can walk you through everything you need to know, allowing you to make an informed decision.

For pensions valued at more than £30,000, you must seek professional advice by law before transferring.

While you may have a UK will, it may not cover your UAE-based assets. Depending on your situation, you may need a will that complies with local laws.

Having two separate wills is often advised for UK expats living in the UAE. Cross-border rules can be complex. For this reason, it is advised that you speak with an expert to ensure you have the right will in place.

Holborn Assets are an award-winning wealth management and financial services business established in 1998. With offices globally, Holborn are well-positioned to help you with your citizenship and residency application.

At Holborn we have:

  • 250+ qualified advisors across the globe
  • More than $2billion assets under management
  • Servicing 20,000 clients worldwide

How we can help you plan your retirement

  • Expert Guidance We are fully regulated in both the Middle East and the UK, so you can rest assured that you are in safe hands.
  • In your shoes Many of our advisers are UK expats themselves. As a result, we’ve been in your situation and know the challenges expats face.
  • Leading products We work with some of the world’s biggest and most trusted financial institutions. This allows us to offer clients market-leading products and financial solutions.
  • Client first As a British, family-owned company, we pride ourselves on delivering a superior experience to our 20,000+ clients

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