Ryan Luke - He signed up as a new member today, and is all over the place already.........

PS - I found him on Linked In. He's from AES.......... if they are anything like AES Dubai, don't touch them with a disinfected barge pole...........

I'm disappointed that his thread was closed down before I got the chance to play

I'd have loved to hear the quality of his advice to me. I have 25 years MOD pension and 12 years final salary scheme with the company I worked for after MOD and before coming out here where I plan to be for 5 years.
Does anyone think he might have advised QROPS?

I reckon the odds are good

Hi, I'd be extremely wary about removing your funds from a UK Public Sector, final salary pension fund. These are generally 'gold-plated' relative to anything on offer in the private sector. There are lots of other benefits too, like being index linked, spouse and other death benefits, Government backing and the ability to re-join if things don't work out.

However, if you do take the plunge and become expat, each of you can open a SIPP and pay in £2,880 a year and HMRC will top it up with £720 for free (20% basic tax relief), for the first 5 years. Can't beat free money.

In summary, do a lot of research and pay for proper advice if you are thinking about changing.

[J]

An expat cannot start a UK pension.

"I don't believe it"

'It' being that a thread I started over a year ago, and the last posting was by Meow, again over a year ago, still fantastic advice meow, many thanks by the way has suddenly 'gone viral' personally I still prefer Meow's advice...

Well in that case someone should tell Hargreaves Lansdown that their eligibility guide is wrong.

"Firstly, are you ...Resident in the UK at some point in the current tax year or a Crown Servant (or spouse of) serving overseas with Relevant Earnings, or have Relevant UK Earnings?"

[J]

Then you should be much clearer in your attempts at 'advising'. Once someone is an expat they cannot start a UK pension. If they have a plan in force before being an expat or do so in the same tax year they become one they can contribute. Understand the difference?

And as for recomending that someone open a SIPP with that level of contribution, that's crazy. A simple Stakeholder plan has far cheaper charges.

No argument there.

N.

Oddly his name showed up on an email I received from LinkedIn. In one British networking group there is a thread about what it means to be British and this Ryan person has written "Having just returned to live in the UK from Dubai there is no better place". I can only assume that he was not at all successful during his time in Dubai.

No better place? Than the UK? Or Dubai??

Better place in what way? Beer is cheaper in Britain so in my eyes it's better.

I do have low standards admittedly.

N.

and easier to get to those BNP meeting eh Norm...

Hey Meow and Norm, not being an 'IFA' and not agreeing with your (mis)interpretation of my original post, I'll stand by my original 'advice' that £2880 + £0 - IFA fees = £3600.