NHS Pensions 1 of 5 How they Affect Youmoneydentists
If you have a civil service pension (i.e. as a teacher, NHS worker or police officer), you may face difficulties in transferring it abroad. You’ll need to contact your pension provider to find out about your options. How to transfer your UK pension to Spain - a step by step guide ...
The first step is to find out if there are suitable QROPS available in the country you’re retiring to. The easiest way to do this is on the recognised overseas pension schemes notification listhere. Sorted alphabetically by country, these are all the schemes that meet HMRC’s requirements to...
Some pensions allow the owner to either take a large lump sum at the beginning of the retirement or receive equal annual payments. Using present value of an annuity table, it is possible to calculate how much the lump sum of the annual payments would be currently. The present value of an ...
If I had to make one suggestion to someone working on a financial independence spreadsheet, it would be do numbers in today’s terms. If you crunch the numbers in absolute terms then it becomes ridiculously messy and prone to error. For example you can guess what state pension you will ...
How do I extend my stay in the UK with a student visa? If you currently hold a Tier 4 (General) student visa, you will have the opportunity toextend your visaand continue your existing course or pursue a new one in the UK. Applicants should be in the UK on either a student or Tie...
You will find that in most cases you have to prove that you have adequate funds or an income to support yourself in Spain even if you are retiring (a very good pension will suffice). How much money do I need to live in Spain? To obtain a residency permit you will need to show th...
11. Do the payday maths "Pay yourself first – if you do this, it’s a sure way towards financial freedom," says Emma Stevens from Corinthian Wealth Management. "I’m a fan of the 50/30/20 flexible approach: 50% of your take-home pay goes to your needs (bills, groceries, minimum...
Aim to save too much, and spare cash won’t be going where it might do you more good long-term. (Think paying off a mortgage, or investing in higher growth assets.) Cut your cloth It’s better to think about your emergency fund in terms of your monthly after-tax income rather than...
George, tell us about the political reaction. How do you think Keir Starmer and Rachel Reeves will be feeling about how the Budget landed as we head into the weekend? George Parker Well, certainly the initial reaction was ecstatic on the Labour benches. In fact, I don’t think I can ...