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UK Pension: Access to savings postponed to age 57 by 2028

The minimum pension age will increase from 55 to 57 by 2028, UK Economic Secretary to the Treasury, John Glen has confirmed. So how does this impact your transferred pension?UK Economic Secretary to the Treasury, John Glen confirmed earlier this month that the minimum pension age will increase from 55 to 57 by 2028, in line with the ‘trends in longevity’ and the rise in the state pension to 67. And this could have an impact on the age your transferred pension becomes accessible, too.An exact...

Emigration checklist: From passports to emergency numbers

All the vital info – passports, travel documents, and visas. These might be the most obvious items to cover, but it’s important to keep them close by for the first few weeks of your move. You might find that customs and other institutions will request them, so save time hunting through lots of boxes and keep them somewhere safe.Get your family covered - medical insurance. This can be a very easy aspect of a move to forget, but it’s worth researching the healthcare of your chosen count...

How to make the most of your currency transfers

Need to send your funds overseas - including your pension, salary, property costs - or need to move money for other expenses when living or working abroad? Here's how you can make the most of your currency transfers. Speak to an expertIt can sometimes be tricky to move your money overseas in times of uncertainty. For instance, Brexit has created some market volatility; after the referendum, the Pound fell by around 20% against the Euro, and although it’s had periods of strength, speculati...

What affects an exchange rate?

Markets move every day, and sometimes currencies can rise or fall sharply in the space of minutes. There are a number of things that can influence an exchange rate, including economic data, central bank developments, and politics; but why do they cause market movement? 1) Economic dataEach country produces data that details how well its economy is performing. It measures lots of different economic aspects, such as retail sales, growth, consumer confidence, inflation, and sector-specific per...

What could you use a currency broker for?

What’s a currency broker?A currency broker is a specialist in foreign exchange. By signing up with a broker like Global Reach, you can get access to live quotes, competitive exchange rates, and personalised currency transfers. A broker can even help you lock-in an exchange rate for up to two years for larger transfers like property purchases. Why use a currency broker?You might need to transfer your funds for a number of reasons—perhaps it’s to emigrate, move a pension or salary, buy ...

Already transferred your UK Pension to NZ?

Have you already transferred your UK Pension to New Zealand? Good news: you’ve made an important step in the right direction. But as the years go by, it’s important to stay on top of your investments, reviewing the fund you’re in on a regular basis.Our team at Pension Transfers can help you ensure the option you initially chose is still appropriate for your needs. Here are some key things to keep in mind.Your goals and investment horizonOver time your investment needs may change, even in j...