As an expatriate or private individual, you can enjoy significant advantages and tax-savings …
For many expatriates, their pension income is crucial to living the retirement lifestyle they desire.
Many expatriates are not aware that their resident country may offer tax-efficient opportunities
A Self-Invested Personal Pension (SIPP) gives an opportunity to have greater control and choice over their pension investments.
Planning for the future and ensuring that your loved ones are provided for after your death is essential.
Protecting your financial future is essential for your peace of mind. By identifying your protection needs
Pecunia provides valuable information on QROPS transfers to guide individuals through the process.
Tax Planning
As an expatriate or private individual, you can enjoy significant advantages and tax-savings by intelligently structuring your financial affairs. At Pecunia, we offer tax planning services that help you do just that – worldwide.
Tax Planning is a complex subject, especially when it involves more than one jurisdiction. At Pecunia, we analyse your situation individually and carefully, discuss available options together, develop a plan of action, and implement it. By working closely as a team, our advisers pool their knowledge and experience so that the specific details of each client’s case are considered from all relevant perspectives, whilst at all times keeping all private financial information confidential.
With our tax planning services, we provide the planning and implementation of tax-efficient arrangements for you, ensuring you receive the maximum benefit of your financial arrangements. Whether you need advice on existing or proposed international structures, we have tax specialists to provide you with guidance. Regardless if you need corporate or individual tax assistance, we have the expertise and network to satisfy your expectations.
Personal Savings
Pecunia designs savings plans that are as individual as the client is. We offer the opportunity to choose the amount to save, the term, and the investment strategy that matches the client’s attitude to risk. By utilising the leading fund managers in the world, Pecunia maximizes savings potential.
Household names, such as Old Mutual International, Custodian Life and RL 360, become available to clients through Pecunia. We provide a wealth of opportunity without adding to the cost of dealing directly with these companies.
Given Pecunia’s position in the global financial services marketplace, we can readily reap the benefits of discounts and special offers that become available from time to time.
To start, Pecunia can help clients select the correct investment strategy that matches their attitude to risk. We utilise the leading fund managers in the world operating from some of the most secure and tax-efficient environments available.
Based on the client’s preferences, we can arrange the most suitable plan to complement their needs today. Whether the client aims to build up capital for a house purchase, save for their children’s school fees, or just save because it makes sense to, Pecunia can help.
By utilising Pecunia’s services, clients can maximise their savings potential without adding to the cost of dealing directly with the companies. The earlier the client commits to securing their financial future, the less we would have to contribute in order to reach their financial goals.
Pension Planning
For many expatriates, their pension income is crucial to living the retirement lifestyle they desire. With the UK pension freedoms, you now have more options than ever for accessing your pension savings. We offer personalised pensions advice to help you find the most suitable course of action for your individual circumstances and objectives.
Pecunia AM provides specialist, personalised pensions advice to help you make the right decisions for your retirement savings. If you have a defined contribution pension, you could withdraw the whole amount as a lump sum, take a regular income or withdrawals with a flexible drawdown pension, receive a secure regular retirement income through buying an annuity, or transfer into a QROPS. If you have a defined benefit pension, you could potentially transfer into a defined contribution scheme or a QROPS, but it’s essential to seek professional advice to weigh up the advantages and disadvantages.
Pecunia AM works with a UK partner who is authorised and regulated by the FCA with fully qualified pension transfer specialists to provide advice on transfers out of schemes worth over £30,000. We offer guidance on QROPS and QNUPS, providing a full range of options to establish the best pension solution for your individual circumstances. We help you find a suitable product and navigate the complex tax and jurisdiction issues across the UK and your country of residence. Our pensions advice ensures that you can assess all the options available to establish what’s best for you and your particular circumstances.
Portfolio Management
Many expatriates are not aware that their resident country may offer tax-efficient opportunities that can provide more benefits than holding on to UK assets. The way you structure your assets and wealth can make a real difference to the returns you receive and the way you’re taxed.
Pecunia AM has decades of experience providing personalised investment advice and portfolio management to expatriates living in Sweden, Norway, Finland, Thailand, Spain, Malaysia and Indonesia, with many other Asian areas covered. We also support residents and clients who have returned to their Native land after living abroad.
To start, Pecunia AM takes an objective assessment of the client’s risk profile to develop an investment strategy that suits their personal situation and objectives. We ask key questions like the amount of income needed, the desired length of income, attitude to risk, investment duration, and desired legacy. Based on the answers, we choose the right blend of investment assets and managers to create a well-diversified portfolio that matches the client’s needs and profile. We offer both advisory and discretionary services so clients can choose their level of involvement in managing their investment portfolio.
A good portfolio minimises risk by diversifying by asset type, region, and market sector to limit exposure in any one area. Pecunia AM takes diversification further by using a ‘multi-manager’ approach to spread investments across several carefully-selected fund managers. As a large, long-established business, we’re able to access some of the world’s best investment managers that aren’t generally available to other investors. The advice we provide does not consider savings and investments in isolation. We look at the client’s finances as a whole, including taxation, estate planning, and pensions, considering options and implications for their country of residence as well as Sweden and the UK. Once the client becomes a client, we’ll regularly review their wealth planning arrangements and investments to ensure we keep up with their personal objectives and aims.
SIPPs
A Self-Invested Personal Pension (SIPP) presents an opportunity for individuals to have greater control and choice over their pension investments. By opting for a SIPP, you can select investments from a wider range compared to other pension options. This flexibility can potentially lead to long-term growth of retirement savings and access to more opportunities for greater returns.
With a SIPP, individuals must be comfortable managing their pension investments independently and accepting the associated investment risks. It’s important to note that investments can both rise and fall in value, which means you could receive back less than what you initially invested. If you’re uncertain about which investments are suitable for your circumstances, our financial advice service can provide guidance and help you make informed decisions.
SIPPs offer attractive tax benefits similar to other pension schemes. These benefits include tax-free growth of your investments, exempting them from UK income and capital gains tax. Additionally, you can receive tax relief on your personal contributions, ranging from 20% to 45%, up to the amount you earn (typically limited to £60,000), if you’re a UK resident and under the age of 75. Inheritance tax can also be mitigated or even avoided entirely, allowing you to pass on pension wealth more efficiently and potentially tax-free. It’s important to keep in mind that pension and tax rules can change, and the specific benefits of a SIPP depend on your individual circumstances. Scottish taxpayers may also have different tax rates and bands to consider.
Estate Planning
Planning for the future and ensuring that your loved ones are provided for after your death is essential. The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Making necessary provisions earlier can help you take full advantage of tax opportunities available and maximize the amount that goes to your beneficiaries.
Estate planning is essential to strike the balance between providing for your beneficiaries and ensuring that you make adequate provisions for yourself and your spouse in your later years. We can assist you in areas such as drawing up and reviewing your will, optimizing lifetime transfers, transferring assets into trusts, and arranging adequate life assurance. Before drafting a will, it is crucial to consider the value of your estate now and in the future.
Completing the estate planning process can enable you to calculate the estimated Inheritance Tax Liability that you will face when each of you dies. By doing so, you can plan the terms of your wills to achieve a balance between practical needs and tax-saving. Assessing your assets and liabilities will give you a better idea of your net worth and help you plan accordingly. Making adequate provisions in advance will give you peace of mind and ensure that your loved ones are provided for after your death
Protection
Planning for the future and ensuring that your loved ones are provided for after your death is essential. The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Making necessary provisions earlier can help you take full advantage of tax opportunities available and maximize the amount that goes to your beneficiaries.
Estate planning is essential to strike the balance between providing for your beneficiaries and ensuring that you make adequate provisions for yourself and your spouse in your later years. We can assist you in areas such as drawing up and reviewing your will, optimizing lifetime transfers, transferring assets into trusts, and arranging adequate life assurance. Before drafting a will, it is crucial to consider the value of your estate now and in the future.
Completing the estate planning process can enable you to calculate the estimated Inheritance Tax Liability that you will face when each of you dies. By doing so, you can plan the terms of your wills to achieve a balance between practical needs and tax-saving. Assessing your assets and liabilities will give you a better idea of your net worth and help you plan accordingly. Making adequate provisions in advance will give you peace of mind and ensure that your loved ones are provided for after your death
QROPS
If you’re a UK pension holder considering a move abroad or planning your retirement overseas, there is an opportunity for you to explore Qualifying Recognized Overseas Pension Scheme (QROPS) transfers. By understanding the benefits and options associated with QROPS, you can make informed decisions about your pension savings and enhance your retirement planning.
Pecunia provides valuable information on QROPS transfers to guide individuals through the process. QROPS allows you to transfer your UK pension savings to an overseas pension scheme, providing greater flexibility and control over your retirement funds while living abroad. Through QROPS, you can potentially benefit from tax advantages, expanded investment options, and HMRC-approved providers. Pecunia’s team of financial advisors specializes in QROPS transfers and offers personalized advice based on individual circumstances, ensuring alignment between retirement plans and financial goals.
By exploring QROPS transfers, individuals can enjoy the flexibility, tax advantages, and expanded investment choices that QROPS offers. Transferring your pension to a QROPS can provide greater control over your retirement funds, potential tax benefits, and the ability to pass on your funds to beneficiaries without incurring UK inheritance tax. Pecunia works with reputable QROPS providers that meet regulatory requirements and stays up-to-date with the latest developments, ensuring clients receive expert advice in navigating the complexities of QROPS transfers. By contacting Pecunia and scheduling a consultation, individuals can take the next step toward securing their international retirement with confidence.