How will a no-deal Brexit affect my pension as an expat in Poland?

In the wake of Theresa May’s resignation and the likelihood that her replacement will come from the “brexiteer” side of the Conservative party, I thought that it would be worth looking at the implications of a no-deal Brexit on pension payments for expats in Poland.

The first thing to be clear on is that, irrespective of the nature of Britain’s exit from the EU, those living in Poland or elsewhere in the EU will still receive their pension payments.

The issue lies with exactly how much these payments will be worth and how they will be paid.

Continue reading “How will a no-deal Brexit affect my pension as an expat in Poland?”

New UK tax year (2019/2020): Implications for expats

We ticked over into UK tax year 2019/2020 a few weeks ago and this brought a resetting of thresholds and allowances for the next 12 months.

This post summarizes the changes that specifically affect expats. Continue reading “New UK tax year (2019/2020): Implications for expats”

Is fear of Brexit a suitable reason to transfer your UK pension to a QROPS?

Woohoo, another Brexit story. Hold me back, you say.

However, I have seen a number of articles recently extolling Brexit as a bona fide reason for transferring a UK pension to a QROPS (Qualifying Recognized Overseas Pension Scheme) and I wanted to try and separate some of the fact from the fiction.

In no particular order, here are 3 of the main justifications that I have seen: Continue reading “Is fear of Brexit a suitable reason to transfer your UK pension to a QROPS?”

Should you access your pension tax free cash?

Today’s question is ‘should you access the tax free part of your pension fund?’

A few caveats to begin with.

Firstly, tax free cash (TFC) can also be known as a pension commencement lump sum (PCLS). I generally prefer the second term as the payment may not actually be tax free. Continue reading “Should you access your pension tax free cash?”