Whether you are living abroad, planning to live abroad or you intend to retire in the UK, you will feel the affects of these changes if you have a pension or pensions held under UK jurisdiction. The future of the pension system in the UK remains very uncertain, particularly with the general election looming next year. However, the changes that have already been announced are summarised in the document below and deserve your full attention.
If you have been living outside of the UK for some time or plan to retire abroad, then you should certainly look at the option of transferring your pension offshore. Depending on your circumstances, there are many benefits to removing your pension from a UK jurisdiction, and therefore protecting it from the threat of further changes within the UK system.