Existing Portfolios:
Expats living offshore, often have plans in place. Whether they have been set up in your current location or somewhere else overseas it is still important they get managed to the best of there ability.
On some occasions due to the demands of living offshore financial advisors leave the country which leaves orphan clients with no advisor to look after their portfolio. This process can be very stressful and often clients are being passed around advisors with no one taking control.
The advisors we work with are all UK qualified working with assets under management which means they take care of every client to the best of their ability.
They specialise in transparent advice, reviewing portfolios and giving them a much-needed facelift as it is not necessarily the product that is affecting the portfolio but it’s the way it is managed. If you are currently in a plan, we can take over it for free of charge. This includes savings plans, life insurance, pensions and lump sums.
Retirement Planning:
Thinking about retirement planning can be very stressful when you not prepared. Like saving for anything the earlier you start the easier it is. This is no different for when saving for your retirement. It is an investment for you and your family’s future. Securing a healthy retirement fund should be a major priority for everyone.
We deal with all aspects of retirement planning:
- SIPP (UK Government approved personal pension scheme)
- QROPS (An HMRC recognised offshore pension scheme which gives non-UK residents the advantage of transferring their pensions offshore to a tax-free environment) Many chose this option due to the access, wider ranges of investments and the flexibility of the plan.
- International pension plans. Due to many people not working for the same company or in the same country for their career it is important to still contribute to your retirement. This plan will allow you to contribute wherever you are in the world.
Private Banking:
Private banking is an exclusive part of financial planning and retirement which offers fantastic solutions to high net worth clients. Services include protecting and growing assets with full flexibility of funds. To use this feature clients must have in the excess of $75,000 investable assets.
Education Planning:
Now you are living offshore it is important to think about your child’s education sooner rather than later. Due to the costs of education being so high living offshore some employers may include schools within your package up until 16 years old. However, if you wish to send your child to university back home you will have to cover the costs as your child will be classed as an expat after being offshore for 3 years. With tuition fees rising all over the world it is important to save early to make this task realistic. It is advised to start saving from your child’s birth to make this achievable. To find out more on how to do this please click here.
Insurance
We deal with all types of insurance from personal, business and medical.
Personal:
International Term Insurance: This policy is active for a fixed amount of time and will pay out a lump sum upon death to the client’s beneficiary. At the end of the policies term, the premium and cover will stop. If you stop paying the premium at any stage of the policy, it will become lapsed.
Whole of Life Insurance: This policy provides lifetime coverage until death with the insurance pay-out going to policy holder’s beneficiary. The whole of life premium builds towards a cash value which acts like a savings policy as well as a death benefit.
Critical Illness Cover: This policy is designed to protect you if you were to get a critical illness. Once diagnosed you will receive a lump sum equal to the sum assured. This policy can be independent but often added on to a life insurance policy.
Income Protection Insurance: This policy will pay out a fixed income based on your earnings if you are unable to work due to illness or injury. It will continue to pay out until retirement, death or your return to work.
To find out more about any of the personal insurance policies please click here:
Estate & Tax Planning:
Wills: Having a will in place offers peace of mind for you and your family. A will is designed to protect your family. It is important to have this in place as this is something you want to be in control of otherwise can cause stress, frustration and delays when losing a family member.
Inheritance Tax: This area of tax planning is often over looked by UK citizens. Without the correct advice inheritance tax can cost you hundreds of thousands in legal bills in the event of your death. Due to the complex rules and regulations (See tax table) it is vital that you talk to an expert. To find out more please click here.
Medical Insurance:
Rising costs of medical insurance in the UAE is making it very difficult to find a great deal. Whether that is personal or for your company it is important to explore the market and find the best fit for you. Our team will help assist you in all your requirements. Please click here for more information
Business Insurance:
We cover the 3 areas of business protection.
- Key Man Insurance
- Professional Indemnity
- Shareholder Protection
To find out more or schedule a call please click here: