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Forum: Canada
Jan 29th 2011, 12:06 am
Replies: 152
Views: 47,971
Posted By Spoons1961

Re: UK Pension Transfer to Canada

I emigrated in 2008 having worked for a UK Pensions Specialist in the UK. There are a lot of worrying comments on here regarding QROPS. It is in very rare instances that any informed person would...
Forum: Canada
Oct 19th 2010, 3:14 pm
Replies: 59
Views: 7,858
Posted By Spoons1961

Forum: Canada
Oct 18th 2010, 7:37 pm
Replies: 59
Views: 7,858
Posted By Spoons1961

Re: best city to raise a family?

We chose a place called the Sunshine Coast in BC. Frankly we could'nt afford Vancouver itself. Initially, we wanted a climate without the extremes, so West Coast, BC. Our decision was based on what...
Forum: Canada
Oct 18th 2010, 7:27 pm
Replies: 53
Views: 4,185
Posted By Spoons1961

Re: Private pensions

Nice spot. I know it well. Can't afford to live there.
Forum: Canada
Oct 18th 2010, 4:58 am
Replies: 53
Views: 4,185
Posted By Spoons1961

Re: Private pensions

Sunshine Coast, near Vancouver in BC. Been here two years now.
Forum: Canada
Oct 17th 2010, 10:08 pm
Replies: 53
Views: 4,185
Posted By Spoons1961

Re: Private pensions

Fair points, although unless you need to take your pension now, I really don't think its the right time to transfer. The exchange rate is particularly poor at the moment. European currencies are weak...
Forum: Canada
Oct 17th 2010, 12:48 am
Replies: 53
Views: 4,185
Posted By Spoons1961

Re: Private pensions

I dont disagree with any of the above. However going back to the initial question on the forum. This related specifically to the transfer of a Final Salary Pension. Its worth noting that most...
Forum: Canada
Oct 16th 2010, 2:08 am
Replies: 53
Views: 4,185
Posted By Spoons1961

Re: Private pensions

Agreed. My point on QROPS misselling is not the QROPS itself. The concept is fine. My problem is the number of people who jumped on the bandwagon, many of which don't have the expertise. If a mistake...
Forum: Canada
Oct 16th 2010, 2:03 am
Replies: 53
Views: 4,185
Posted By Spoons1961

Re: Private pensions

I havn't suggested otherwise. Just showing how different asset classes work in different environments, and how proper diversification reduces risk. Retirement funds are often invested for 30 - 50...
Forum: Canada
Oct 16th 2010, 12:30 am
Replies: 53
Views: 4,185
Posted By Spoons1961

Re: Private pensions

Ouch. Glad your not my advisor.

First Point. This clearly refers to a pension in payment increasing annually by 3%, not the underlying investment performance. But don't feel too bad, some of your...
Forum: Canada
Oct 15th 2010, 6:54 pm
Replies: 53
Views: 4,185
Posted By Spoons1961

Re: Private pensions

All depends on how you take your pension at 60. Ifyou want to have a fund that will sustain a 5% withdrawal for $700 per month, you will need to achieve 6.75% over 22 years. If you want the $700 to...
Forum: Canada
Oct 15th 2010, 6:41 pm
Replies: 53
Views: 4,185
Posted By Spoons1961

Re: Private pensions

Fine for Money Purchase Arrangements, but not for Final Salary. The 5% guarantee is not worth the paper its written on. Well constructed portfolios will generally sustain a level of withdrawal higher...
Forum: Canada
Oct 15th 2010, 4:40 am
Replies: 53
Views: 4,185
Posted By Spoons1961

Re: Private pensions

[QUOTE=Atlantic Xpat;8918628]I think the highlighted bit is supposed to read: "the flexibility offered by the RRSP/RIFF rules seems very attractive compared to the options available in England." No?...
Forum: Canada
Oct 15th 2010, 3:54 am
Replies: 53
Views: 4,185
Posted By Spoons1961

Re: Private pensions

Caveat Emptor on these. If it looks to good to be true, it usually is. These kinds of guarantees are available within various investments. Not just QROPS. Invariably you pay for these guarantees one...
Forum: Canada
Oct 14th 2010, 10:24 pm
Replies: 53
Views: 4,185
Posted By Spoons1961

Re: Private pensions

The original question related to a 'Final Salary' Scheme. The arguments for and against transferring these are completely different to money Purchase arrangements.

The only real reason to transfer...
Forum: Canada
Oct 10th 2008, 9:46 am
Replies: 120
Views: 8,941
Posted By Spoons1961

Re: Anyone from the WEST MIDLANDS?????

I do now have a soft spot for Villa, seeing as I've lived nearby for the last 9 years. Maybe it's because you always seem to nick our managers ! I've played golf a few times with Kev McDonald who's a...
Forum: Canada
Oct 10th 2008, 8:17 am
Replies: 120
Views: 8,941
Posted By Spoons1961

Re: Anyone from the WEST MIDLANDS?????

Nope...Unfortunately, I support a team that once used to be a jinx club for Aston Villa. Many a time, I had the opportunity to take the piss out of my Villa mates. Now sadly, we've dropped 2...
Forum: Canada
Oct 9th 2008, 4:59 pm
Replies: 120
Views: 8,941
Posted By Spoons1961

Re: Anyone from the WEST MIDLANDS?????

Always thought the full name was 'Aston Villa Nil' !

We're making the big move to Vancouver on 3rd December.....Gulp
Forum: Canada
Oct 2nd 2008, 6:17 pm
Replies: 630
Views: 79,596
Posted By Spoons1961

Re: Why do you want to leave the UK?

I should pull out of the debate with dbd33 if I were you ubdai. Clearly he's living in cloud cuckoo land. Canada is far less accessible to most economic migrants, particularly those from Eastern...
Sep 28th 2008, 5:49 pm
Replies: 15
Views: 1,326
Posted By Spoons1961

Re: ADVICE NEEDED- LANDING WITH NO FUNDS TO DECLARE

We were lucky. We sold our house and had the money in our bank account days before we landed. At the time of booking flights however, we were like you with all our money tied up. We had a friend on...
Forum: Canada
Sep 26th 2008, 10:47 pm
Replies: 15
Views: 1,527
Posted By Spoons1961

Re: Line of credit

I think line of credit means interest only. We were in Canada in June and saw a house we liked and asked if we could get an interest only mortgage. Was told yes but it is called a line of credit...
Forum: Canada
Sep 26th 2008, 10:33 pm
Replies: 6
Views: 789
Posted By Spoons1961

Re: Income Tax Returns

Hi, how much does it cost for a tax professioanl to do it? Ball park figure. We are going to Sunshine Coast. What's Powell River like?
Sep 26th 2008, 10:27 pm
Replies: 15
Views: 1,326
Posted By Spoons1961

Re: ADVICE NEEDED- LANDING WITH NO FUNDS TO DECLARE

Hi, I think if you have a job offer this is okay. Other than that I know not. Completely changing the subject, we are from Coleshill, nr Birmingham which aint that far from you. We are already...
Forum: Canada
Sep 19th 2008, 2:40 pm
Replies: 57
Views: 5,100
Posted By Spoons1961

Re: Taking pets to Canada

We've had few quotes now for our Cat. These agencies are taking the mickey. Quoted from £550 to over £1,000.

I contacted Air Canada who will fly him over for £270 if i can drop him at Heathrow a...
Forum: Canada
Sep 18th 2008, 3:31 pm
Replies: 23
Views: 1,409
Posted By Spoons1961

Re: This guy has a point...

Missed the point completely ! duh

He openly states that he has no problem with a piss test, implying therefore why he is expected to take one. He does'nt 'think otherwise' as you incorrectly point...
Showing results 1 to 25 of 134
 


 
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