Connect with us

Finance News

Ask James – How could I protect my pension against a weakening pound

Samui Times Editor

Published

on

Ask James – How could I protect my pension against a weakening pound | Samui Times
  • follow us in feedly

Q. How could I protect my pension against a weakening pound in the future?

A. Clearly with sterling having a terrible time, particularly in the last few months, this can be a very big worry, not only for holidaymakers but more so for those expatriates that receive income from a UK pension, which invariably is always paid in sterling. Such individuals may wish to consider transferring any UK pension that they have yet to draw from or if in a defined contribution scheme and still in drawdown into a Qualifying Recognized Overseas Pension Scheme which can usually make payments in most freely available currencies. There are other considerations, not just currency, when considering a pension transfer but protection against exchange rate swings is one of them.

James Kan Murphy, ASCI
Wealth Manager 
deVere Group
If you have a question for James please email editor@samuitimes.com
Stay updated with Samui Times by following us on Facebook.

Trending