Why Get Pension Advice?

Pension advice is necessary for people who want to take control of their retirement. Expert financial advice helps you make conscious decisions about your golden years. It helps you plan for the lifestyle you want, at the pace that’s most convenient for you.

Planning for the future.

Retirement looks different for everybody. Some want to retire in a cabin in the middle of the woods, whilst others envision a tropical paradise. Whatever your goals are, you need financial security so that you can achieve the lifestyle you want.

Financial advisors can help you set aside enough finances to achieve your dream retirement. They analyse your current contribution scheme. Then, they offer new solutions, so you can save enough funds for your future.

They help expatriates.

Retirement funds can be trickier for those living abroad, especially with the introduction of ROPS and SIPPS. Citizens can’t simply send or receive their money wherever they are. They need to go through an institution that’s partnered with the UK in a country that’s covered by the scheme.

This is why a lot of expatriates are concerned about their pensions. This is especially true for those who plan to retire abroad. Common questions include:

  • Should I be paying taxes here or in my home country?
  • Where should I be sending my contributions?
  • What currency should I be holding my money in?
  • Should I submit my contributions in another currency?
  • Should I be contributing more to my retirement fund?

Others are concerned about receiving their money once they pass away. Because regulations around these issues can be complicated, it’s best to seek the help of a financial advisor. They can give advice and facilitate solutions to common expatriate problems.

You can grow your money.

Did you know that you could use your retirement fund to start an investment? This is a way to grow your money before you need it. It may seem risky for some people. However, with the help of expert financial advisors, you can put your money in low risk, high reward investments.

Call Pyrmont Wealth Management for pension advice today!  +852 2598 6777