What about insurance policies when I move abroad?#pensions #ukpensions #pensiontransfer #retiringabroad #IN
09 Friday Nov 2012
- Existing policies in the UK should be reviewed to see if a change of tax residence affects the benefits that you might receive.
- You should investigate the question of insurance in your chosen country. It may be expensive to change your arrangements at retirement.
- Many UK policies are known as domestic policies which could mean that if a claim was to occur outside of the UK it may not be paid. It is advised for anyone leaving the UK to check their policies terms and conditions in addition to speaking to their insurance provider for clarification.