Category: Retirement

When start saving for retirement

When should I start saving for retirement?

The answer is simple: start saving for retirement as soon as you can. Ideally, you’d start saving not long after you begin earning money. That’s because the sooner you begin saving, the more money you’ll have in your retirement fund and the more time your money has to grow. If your savings are invested, each…
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UK Pension Mistakes to Avoid

British Expats: Avoid These Pension Mistakes

Many British expats seek guidance when planning a retirement strategy. They do this to avoid making costly UK pension mistakes that can seriously jeopardise their retirement fund. The planning becomes even more complicated when a British expat doesn’t intend to return to the UK, or if their earrings are exceptionally high. These different scenarios require…
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The Estate Planning process

Estate Planning is a long process consisting of many steps for it to be comprehensive and “bullet-proof”. What should such a process look like and when Estate Planning should be performed? Estate Planning mainly focuses on deciding how your estate, such as property, cars, investments, or personal items should be allocated after you die. However,…
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When is the right time to start Estate Planning?

Have you taken the time to consider what will happen to your assets and belongings after you pass away, or if you become incapacitated? This question is crucial to ask and address, despite not being pleasant to think about. With so many things in life being unknown, financial advisers recommend starting estate planning as early…
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3 Pillars of Expat Retirement Planning

15th of September is Pension Awareness Day, and so in an attempt to increase that awareness, we turn the spotlight on a subject that we all require at some point in our lives. Soteria Trusts discusses expat retirement planning, and more specifically, looks at the 3 pillars that are considered fundamental to the implementation of…
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What is a Retirement Annuity Contract (RAC)?

A Retirement Annuity Contract (RAC) is a type of defined contribution pension scheme, used as a method of saving money which will then be used to provide you with income in retirement. In return for your contribution or investment amount, you can take income in the form of regular payments from the contract or you…
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What is the difference between Pension Trusts and Contract Pensions?

The short answer to “What is the difference between pension trusts and contract-based pensions” is that a Trust Pension is established by a settlor, and the assets within are set up in trust, whereas a Contract Pension involves an individual contract between an employee, or an individual and a pension provider. In both cases, the…
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Pensions for non-residents in Guernsey explained

Guernsey has one of the most modern regulatory regimes that conform to international finance and pension standards. In 2001 and 2017, Guernsey became one of the first jurisdictions in the world to regulate pension providers and rules. These and other regulatory and taxation rules make Guernsey a jurisdiction that is a safe place to keep…
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A simple way to calculate your retirement fund

There comes the point in life when we all start to wonder about retirement. Not only do we ponder about how wonderful life will be, how many places we can visit, and things we will finally have time to do, but more importantly, we contemplate whether we will be able to afford the lifestyle we…
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