Retirement Planning for Expats
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.
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.
Retirement planning for expats made simple
- Think: About where and when you would like to retire.
- Calculate: How much income you would need to maintain a comfortable standard of living in retirement.
- Consider: The impact of inflation, medical costs and other expenses on your retirement fund.
- Speak: With your financial adviser to find out more about how Holborn can help you plan your future.
Financial planning with Holborn?
Holborn can help you make way more money than you have now.
Why should you speak to an expat retirement and estate planning specialist?
- Be financially prepared for retirement: Our experts provide quality, straightforward advice to help you live the life you want when you retire.
- Provide tailored advice: We consider your financial situation and goals to provide bespoke guidance.
- Ensure you are tax-efficient: Speak to an expert to ensure you are not paying more tax than you need to.
- Peace of mind: Knowing that your retirement and estate planning are taken care of will give you confidence.
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 and understand the challenges expats face.
- Leading products: We work with trusted global financial institutions to offer market-leading solutions.
- Client first: As a British, family-owned company, we pride ourselves on delivering a superior experience to our 20,000+ clients.
