One of the most common things we hear in our industry from people all over the world on a daily basis is “I am too busy”

One of our primary roles as International Financial Planners is to make sure that when you retire and you are far less busy, that you have sufficient retirement income to be able to enjoy your retirement to the maximum. There is one certainty about retiring and that is “you will have far more leisure time and leisure time costs money”

IF YOU HAVE A FROZEN PENSION AND YOU ARE TOO BUSY TO DEAL WITH IT, ONE OR ALL OF THE FOLLOWING EVENTS COULD HAPPEN!

Total Or Partial Loss Of Your Pension Fund
It’s no secret that the United Kingdom is in a financial crisis and large companies are going into liquidation on a daily basis. If you hold frozen pension benefits in a UK company and that company liquidates then so could your pension fund!

HMRC Changes
At this moment in time it is quite an easy process to move previously trapped frozen pension benefits into an offshore investment under your own control.
There are huge benefits to expats and international workers who do not plan to retire in the UK but “ HMRC could change the rules at any time”

Pension Fund Erosion
A lot of UK pension trustees and schemes are making very poor annual financial returns on your money. Some schemes are not even covering inflation and annual charges and this will have the effect of seriously eroding and reducing your retirement fund.

Death
If you die and you have assets the UK government is entitled to levy death duties against your estate. Any UK frozen pension benefits will form part of your estate and may be swallowed up in death duties denying your family and loved ones money that should pass to them.