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Latest question answered:

Russell Hammond
Russell Hammond

Hi Russell,

BACKGROUND
My wife (46 years old) and I (51 years old) worked and lived in the Netherlands for 15 years. I worked for the 15 years and my wife worked 10 of the 15 years, remaining 5 years as a stay at home mother.

I am a New Zealand citizen who had residence through my wife's Dutch nationality. We left NL in July 2014 and have been residing in Australia since then. I am also contributing to Australian Super via employer contributions.

THE QUESTION
I have paid into a Company Superannuation managed by Aegon. I have failed to get any response from Aegon in my queries regarding the Portability of the Superannuation and the tax implications of this and if the tax implications are prohibitive, how my wife and I would go about accessing the private portion of our pension when we are resident in a country other than NL (likely to be either NZ or Australia). Is this something your company would be able to advise on?

by Patrick Phillips on 28 Mar 2018 Read Answer
Russell Hammond
Russell Hammond

Hello Russel, how are you doing?

I explain to you my situation, I am a Belgian citizen currently in Dublin right now coming back to my base in London. My wife is Brazilian and we met in China. We are actors, self-employed, and I am as well a football coach. so we really travel a lot. I really need a great expat pension plan as Belgian one is useless and getting worst. could you recommend me one please, it would be amazing? Thank you so much for your interest and answer.

Have a great weekend

by TANGUY DE BACKER on 27 Jan 2018 Read Answer
Russell Hammond
Russell Hammond

Hi Russell,

As a Dutch national and UK resident I have both a company pension plan and a SIPP and now looking to move to Switzerland. I am aware of QROPS essentially being stopped there and now wonder what can be done to safe guard my very significant UK pensions. I am especially worried by the fact that for any future withdrawals (to start 10-20 years from now!) I will need a UK bank account with my 2 providers which I am not sure I will still be able to have although I plan to hold on to my UK accounts as long as possible. Brexit adds another layer of uncertainty as leaving now will mean I give up an settled status for the time being as well, although I've lived here over 12 years. What do you advise in my situation please? Thanks, Chris

by Chris on 22 Sep 2017 Read Answer
Russell Hammond
Russell Hammond

Hi Russel, do you or an insurance company you know of provide assistant in calculating the maths for the future retirement expected premium?
I have a company pension but from the amount paid monthly/yearly, I would like to know what would be the expected premium when I get 67. And if it would be not enough, how much it is required for the private contribution.
Thanks

by Andrey on 14 Sep 2017 Read Answer
Craig Welsh
Craig Welsh

I am a British born retiree aged 75 living in the Netherlands and have recently become a Dutch citizen. I have a drawdown pension with Prudential in the UK which terminates on my 75th birthday next month leaving me with a capital sum of roughly £100,000. Is there a similar drawdown arrangement available in the Netherlands? Would you recommend using it? Is there a better way of guaranteeing an income of €4-5000 per year from it?

by Richard Hansen on 07 Sep 2017 Read Answer
Russell Hammond
Russell Hammond

Hi,
I am a 25 year old American living and working in France. I am unsure how I should start my retirement fund. I dont know what is the best way to start at this age but I know I want to start now. I also don't know how many years I will live here in France (could be a couple, could be forever, or could be on and off between here and the US), which makes it more confusing to me on how to save. Can you give me some tips on how I should start a retirement fund? What types of accounts are transferrable? Thank you!!!

by Hannah on 03 Aug 2017 Read Answer
Simon van Wyk
Simon van Wyk

My husband is Dutch (and is autistic so struggles with matter such as these), and I am English, and we now live in the UK. We moved to the UK in April 2016.
My husband has recently had a letter from the belastingdienst asking me for our wereldinkomen. I phoned up and they will not ask me why. The gentleman on the phone was very very rude and kept saying it was about health contributions but wouldnt say anything else. I have phoned CAK and also CZ and they have no idea what it is about.
They are insisting that I provide our income from the Netherlands and the UK for the whole of 2016. Apparently it is not about tax. We did our taxes and paid of everything. I do not think that the Dutch governament has any rights to know our income, especially mine. They want to know how much child maintenance I receive from my ex, what child benefit I receive for my children, what tax credits I recieve. This is non of their business, and not taxable to them or the UK.
We did receive toeslag in the Netherlands, but stopped receiving everything when we left, and are 100% financially tied to the UK. This is very much stressing me out and time is running out as they have threatened to fine is.
My husband does pay maintenance to his ex in the Netherlands and I am worried that she is trying to get more money from us. In the UK MY income would have nothing to do with my husbands ex, and IF it is this then surely we should go by UK rules not Dutch rules?
I really hope you can help.

by Christine Jacobi on 12 Jun 2017 Read Answer
Russell Hammond
Russell Hammond

I am 70 years old UK citizen, living in Germany now drawing my UK pension which is paid here in Germany.
Owing to Brexit I have taken dual citizenship. I am married with no children.
What will happen to my UK pension, if Brexit goes through, and how can I secure it so that my 10 year younger Wife will still receive both it and (when due on her 63rd birthday) be able to hold onto her own UK pension on my death?
What financial instruments should I be looking into?
Grateful,
yours sincerely,

by Nigel Ironside on 19 May 2017 Read Answer
Russell Hammond
Russell Hammond

Hi Russel,
I am looking for advice on how to invest over £90,000 I now have in a British Bank account - earning no interest. As a low earning freelancer, I may need to use some of the money when I retire - I will be 60 this year. The rest will go to my two children after my death - or perhaps some of it sooner.
I have already bought a small apartment for investment in France - I spend most of my time there. I am considering whether it would be better to give it to my children now. My children are in their twenties.
Perhaps you can recommend someone to advise me in the Netherlands.
I will be in Amsterdam from the end of May until 20 June.

Thank you,
Miriam

by Miriam Vigodsky on 08 May 2017 Read Answer
Russell Hammond
Russell Hammond

I've just read your piece on Portable retirement planning. I might be changing employer and might have to make my own pension arrangements. I wonder if you can name or recommend any international retirement plans? Thanks

by Paul on 21 Mar 2017 Read Answer

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