Moving abroad but unsure what to do with pensions and finances? Save yourself the hassle and save tax at the same time. We take care of the financial side of a move. We’ve helped tens of thousands of people follow their dreams abroad, with specialist expertise – allowing you to maximise your savings, maximize your pensions and minimise the hassle.

• Ask questions and get answers on the spot

• Learn how to make the most of the tax system, in the UK and abroad

• Find out about issues that you weren’t aware of

• Discuss an in-depth action plan to optimise your finances

• A clear and decisive solution on what to do with your pension scheme

• Confidence that your advisory team has decades of specialist experience in the field, with thousands of pension transfers undertaken already

• Impartial advice backed by nationwide technical and compliance support, for extra peace of mind

• A simple, seamless process, with a ‘one stop shop’ team who can also implement the advice on your behalf

To start, we’ll be in touch with you via phone and in writing to gather the information we need. Then we’ll research each of your pension schemes in-depth, considering your own personal circumstances and retirement objectives. You’ll receive a comprehensive report on your pension situation, including a review of your scheme(s), analysis, reasoning, and recommendations on how to act. If you’d like us to, we can then implement the advice for you also.

1. Pension Transfer Investigation – On your behalf, we will source the scheme paperwork you will require in order to transfer your pension fund, we will review this and then call you to discuss whether or not we believe a transfer is likely to be in your best interests. We will also provide you with a copy of information obtained.
2. Cash Out’s – Interested in cashing out of your UK pension? We will obtain the information from your scheme and contact you to discuss whether or not this could be appropriate for you.
3. Find Your Lost UK Pension – Significant amounts of UK pension benefits are unclaimed each year. We will undertake an initial search of the UK pension market on your behalf and report back if we find any unclaimed pension funds.
4. Claim your UK state pension – The UK State Pension regime post April 2016 differs to the previous. Will you still be entitled to the UK state pension? Are you eligible to claim this? We’ll provide you with the paperwork you’ll need and an understanding of whether or not you will obtain a UK state pension.

• Advice covering the full range of international Recognised Overseas Pension Schemes (also known as (Q)ROPS andQNUPS as well as offshore bonds

• Full review of the relative merits of each option, taking into account Double Taxation Agreements

• Confidence that your advisory team has over 13 years of specialist experience in international pensions (since before ROPS even existed!), with thousands of clients across all pension types

• Impartial advice backed by nationwide technical and compliance support, for extra peace of mind

To start, we’ll be in touch with you via phone and in writing to gather the information we need. Then we’ll research each of your current pension schemes in-depth, considering your own personal circumstances and retirement objectives. You’ll receive a comprehensive report on your pension situation, including a review of your scheme(s), analysis, reasoning, a consideration of the potential effects of Double Taxation Agreements, and recommendations on how to act. If you’d like us to, we can then implement the advice for you also.

• Find out how you should act to reduce your overall tax liability and set yourself up to benefit from your changed tax status

• Understand whether you should keep your assets in the UK, or transfer these abroad (and if so, to where.)

• Understand whether you should sell or purchase assets to benefit from your changed tax status

• Understand the implications of the different tax year, double tax agreements, your visa status and the differences in financial products between the relevant countries.

To start, we’ll be in touch with you via phone and in writing to gather the information we need about your current assets and their location. Then we’ll put together a comprehensive report for you, outlining your opportunities to benefit across your full asset base (or limited to pensions if you prefer), taking into account your location and tax status. If you’d like us to, we can then implement the advice for you also.

• On emigrating, you will be changing tax residency status, you will have a different financial year and that your assets will be taxed completely differently. Hence,
• Once departed, it is too late to benefit from the raft of tax benefits you can obtain on the move which in many cases will cover the cost of the move itself
• You may need to claim some tax back or obtain additional tax benefits?
• You may need to have assets restructured or valued pre-departure so you are not caught out in future
• You may need to sell some UK assets pre your departure date, post your departure date, in the current or following UK tax year or current/following tax year at your new destination to optimise your position? Which is the most optimal for you? (The financial difference in many cases is significant)
• What do you do about your state pension entitlement, ISAs, bonds, endowments and other finances?

• Your assets are management using a global, holistic approach, letting you benefit from a much wider range of products and strategies
• The opportunity to take advantage of wealth creation and tax management strategies that aren’t usually available in your local market
• Get a similar saving when you transfer any other asset between countries

To start with, we’ll take a thorough look at your financial product portfolio (including your pensions), your personal risk profile and your specific financial goals. Based on these details, we’ll provide some recommendations tailored to you, with continued co-ordination from our international team both in the UK and abroad.

• Save from 3% to 5% of your pension fund balance when transferring between countries (so if you have a balance of £100k, you’ll save between £3k and £5k)
• The saving applies whether the transfer is a lump sump or an annual (on-going) pension payment
• Get a similar saving when you transfer any other asset between countries

You’ll save around 3% to 5% off your asset value by choosing to make your transfer through Prism Xpat. In many cases, our clients find that the saving has entirely offset the cost of our advisory services – so it literally pays for itself.