Starting a new life as an expat in the Middle East? If so, there are many things that you need to get organised - not least your wealth management strategy. By seeking professional wealth management advice from a reputable financial planning company, you can be sure that you'll get everything in place and in good order, ready for your new life abroad. One of the main things that can be positively affected when you become an expat is your pension plans. If you have one or more UK pensions, you may be able to transfer these pension funds into a QROPS or Qualifying Recognised Overseas Pension Scheme. QROPS can provide many advantages including tax benefits and more flexibility with your investments. A good wealth management company will be able to talk you through the various pros and cons of transferring your UK pension into QROPS. In the meantime, there are many other important issues that you will need to consider to help prepare you for your new life as an expat. Then read our essential top tips first.
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