Amazines Free Article Archive
www.amazines.com - Monday, December 02, 2024
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133574)
 Advice (161671)
 Affiliate Programs (34799)
 Art and Culture (73858)
 Automotive (145718)
 Blogs (75618)
 Boating (9851)
 Books (17224)
 Buddhism (4130)
 Business (1330840)
 Business News (426453)
 Business Opportunities (366519)
 Camping (10973)
 Career (72795)
 Christianity (15851)
 Collecting (11638)
 Communication (115089)
 Computers (241958)
 Construction (38964)
 Consumer (49954)
 Cooking (17080)
 Copywriting (6733)
 Crafts (18203)
 Cuisine (7549)
 Current Affairs (20322)
 Dating (45910)
 EBooks (19703)
 E-Commerce (48272)
 Education (185529)
 Electronics (83525)
 Email (6438)
 Entertainment (159861)
 Environment (28992)
 Ezine (3040)
 Ezine Publishing (5454)
 Ezine Sites (1551)
 Family & Parenting (111009)
 Fashion & Cosmetics (196613)
 Female Entrepreneurs (11853)
 Feng Shui (134)
 Finance & Investment (310616)
 Fitness (106491)
 Food & Beverages (63056)
 Free Web Resources (7941)
 Gambling (30227)
 Gardening (25202)
 Government (10519)
 Health (630162)
 Hinduism (2206)
 Hobbies (44083)
 Home Business (91740)
 Home Improvement (251232)
 Home Repair (46252)
 Humor (4727)
 Import - Export (5459)
 Insurance (45104)
 Interior Design (29618)
 International Property (3488)
 Internet (191027)
 Internet Marketing (146689)
 Investment (22861)
 Islam (1161)
 Judaism (1352)
 Law (80500)
 Link Popularity (4596)
 Manufacturing (20923)
 Marketing (99323)
 MLM (14140)
 Motivation (18236)
 Music (27000)
 New to the Internet (9498)
 Non-Profit Organizations (4048)
 Online Shopping (129740)
 Organizing (7813)
 Party Ideas (11855)
 Pets (38165)
 Poetry (2229)
 Press Release (12691)
 Public Speaking (5643)
 Publishing (7566)
 Quotes (2407)
 Real Estate (126820)
 Recreation & Leisure (95495)
 Relationships (87677)
 Research (16182)
 Sales (80356)
 Science & Technology (110298)
 Search Engines (23518)
 Self Improvement (153317)
 Seniors (6222)
 Sexuality (36012)
 Small Business (49324)
 Software (83053)
 Spiritual (23528)
 Sports (116155)
 Tax (7664)
 Telecommuting (34070)
 Travel & Tourism (308279)
 UK Property Investment (3123)
 Video Games (13382)
 Web Traffic (11793)
 Website Design (56937)
 Website Promotion (36665)
 World News (1000+)
 Writing (35842)
Author Spotlight
SHOEB SIDDIQUE

From the time of study, i had a keen interest in acquiring knowledge by surfing on the Internet. Mea...more
RODRIGO DARZI

Pai da Júlia e do Pedro. Especialista em Marketing Digital, com MBA em e-Business pela FGV. Formado ...more
DAVID PAYNE

Technology without a doubt has made things easier for us. However, that being said, it has also comp...more
K HO

Affiliate marketer - I enjoy the challenge of what the internet has to offer. It has given me the o...more
DESIGNPLUZ PTY LTD

Designpluz has steadily matured from a passionate graphics design start-up, into a full service digi...more


A Guide to Receiving Your UK State Pension Overseas by Laura Jeeves





A Guide to Receiving Your UK State Pension Overseas by
Article Posted: 09/13/2016
Article Views: 1892
Articles Written: 4838
Word Count: 578
Article Votes: 0
AddThis Social Bookmark Button

A Guide to Receiving Your UK State Pension Overseas


 
International Property
I encounter many recently retired people who have purchased property in St Lucia and have relocated to a life of leisure. It is easy to see why, as this is a beautiful place to live and ideal for those looking to unwind and indulge in luxury after a lifetime of working 9 to 5.

Before buying a yacht and setting sail into the sunset, it is important that you consider your pension and tax. It may be the last thing on your mind, but this will help you to maximise your retirement and be able to lead the lifestyle you have been dreaming of.

Recent changes have meant that you are now able to be a member of a UK registered scheme no matter where you live. There are three options for those that relocate overseas.

1. Stay in your Current Plan

You can remain in your current plan, which will allow you to request early payment from 55. You can then take 25% as a lump sum and receive the remainder as a pension to last your lifetime.

2. Transfer to a New Plan

If your plan is a Qualifying Recognised Overseas Pension Scheme (QROPS), you may be able to transfer to an arrangement here in St Lucia.

3. Pay into Your Scheme from Overseas

There are no longer limitations on the amount that you or an employer can pay into a scheme from abroad. However, tax relief may be limited or unavailable.

Receiving Your Pension

For those already receiving their State Pension, you will need to inform the Pension Service before relocating. You are able to receive your money, but you will not benefit from yearly increases unless you live in the UK for at least 6 months out of the year. To find out more about claiming your money on the island, I recommend that you contact the International Pension Centre.

Checklist Before Moving

I suggest doing the following before moving:

• Obtain a State Pension Statement (available by post or telephone from the Future Pension Centre) • Contact HM Revenue & Customs to find out about tax liability on income over the UK personal allowance • Inform HM Revenue & Customs, Charity, Assets & Residence, the Department for Work and Pensions and your social security office that you are moving abroad and provide them with the address of your property in St Lucia. • Speak to a financial advisor about offshore banking – you may be able to reduce your tax liability by setting up an international bank account

If you have recently invested in property in St Lucia and have plans to retire here and spend your days soaking up the sun out on the water; your pension and tax will not be in your immediate thoughts. Due to a few recent changes, there are now a few options for you to consider and there is important information that you should be aware of. To discuss any of this in further detail and to find out more about retiring to this tropical paradise, give me a call today and I’ll be happy to help.

Adam Gobat is a renowned expert on the Caribbean, with a passion for its culture, history, people and places. His indepth local knowledge and wealth of experience in property in St Lucia are key to the marketing and sales of the luxury villas and penthouses in The Landings, one of the most desirable freehold beachfront developments in the Caribbean.

Related Articles - Property, in, St, Lucia,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


TIM FAY

After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
DONNIE LEWIS

I'm an avid consumer of a smoothie a day living, herbs, vitamins and daily dose of exercise. I'm 60...more
ALEX BELSEY

I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
SUSAN FRIESEN

Located in the lower mainland of B.C., Susan Friesen is a visionary brand strategist, entrepreneur, ...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
STEVE BURGESS

Steve Burgess is a freelance technology writer, a practicing computer forensics specialist as the pr...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2024, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license