Allowances are in such a mess in The UK that just about a third of employees won't have enough money saved to back retirement until they're in their 70s.
Millions are planning to work on for at least 10 years after retirement age - some till they're 75 years old or even more.
The fear driving retirement savers is they will outlive their cash and end up spending their later years in poverty.
One of the Problems faced by ex pat OAPs is whether to leave allowance funds back in The United Kingdom when they depart - or whether to shift their retirement savings offshore.
The most recommended offshore pension is a QROPS.
The attractions of a QROPS are numerous for ex pats - pensions paid gross, bigger tax-free lump sums and more flexible investment options to name a few - but are they profitable for everybody?
Undoubtedly, QROPS aren't a universal retirement solution.
The key test is taking a look at current annuity arrangements and how they're performing and then comparing these with an offshore alternative.
The difficulty is a QROPS isn't a pension plan in the sense of setting up a retirement plan or SiPP in England.
A QROPS is more like a trust with investment options, line offshore bonds, built in.
Investing in a QROPS is just as dangerous as staking money anywhere else - QROPS values rise and fall with the market like other investments.
The massive difference is choice and control. A QROPS offers a good range of commodities, stocks, currencies and markets and options to take full or part control of investments. Infact, what can be held inside a QROPS is probably limitless
Many of the millions delaying retirement are doing so to defer pensions in an attempt to increase the value of their funds, announces UK allowance firm LV=, which conducted the survey.
Millions are planning to work on for at least 10 years after retirement age - some till they're 75 years old or even more.
The fear driving retirement savers is they will outlive their cash and end up spending their later years in poverty.
One of the Problems faced by ex pat OAPs is whether to leave allowance funds back in The United Kingdom when they depart - or whether to shift their retirement savings offshore.
The most recommended offshore pension is a QROPS.
The attractions of a QROPS are numerous for ex pats - pensions paid gross, bigger tax-free lump sums and more flexible investment options to name a few - but are they profitable for everybody?
Undoubtedly, QROPS aren't a universal retirement solution.
The key test is taking a look at current annuity arrangements and how they're performing and then comparing these with an offshore alternative.
The difficulty is a QROPS isn't a pension plan in the sense of setting up a retirement plan or SiPP in England.
A QROPS is more like a trust with investment options, line offshore bonds, built in.
Investing in a QROPS is just as dangerous as staking money anywhere else - QROPS values rise and fall with the market like other investments.
The massive difference is choice and control. A QROPS offers a good range of commodities, stocks, currencies and markets and options to take full or part control of investments. Infact, what can be held inside a QROPS is probably limitless
Many of the millions delaying retirement are doing so to defer pensions in an attempt to increase the value of their funds, announces UK allowance firm LV=, which conducted the survey.
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Delaying QROPS drawdown while continuing to work is available to ex pats. For ex pats, moving money away from the uncertainty of the United Kingdom allowances regime and the continued politically driven fiddling of successive central authorities would appear sensible to investigate - and certainly a QROPS is one practicable solution to think about.
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