Good Advice For British Expats
Over the last couple of years, expat pensioners in Europe have seen their pensions dwindle as the value of the pound plummets against other major currencies. They have also been hit by the increasing bank charges to service their income. David Retikin of Pryce Warner International mentions, “ its astounding just how little planning retired expats do to protect themselves against currency fluctuations. Qualifying Recognised Overseas Pension Scheme, or QROPS to quote its popular name protects expats by reducing real value fluctuations and the scheme attracts lower tax liabilities . . . its’s a simple yet very effective initiative”.
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