The Office for National Statistics data underscore the role that pension wealth has played in forming the fortunes of the wealthiest, with 98 per cent of households in the richest 10 per cent having this form of asset. On average, pension wealth was twice as valuable as housing assets for the median household in the top tenth of the population.So if you want to join the top 10% you need to start being prudent with where that pension is invested.

This article is for information purposes only and does not constitute advice. All views in this article are opinions of the Expats Pensions team. We specialise in helping people that have left the UK evaluate the possibility of taking their UK pension with them. For further information please visit http://www.expatspensions.com

For details on claiming your state pension you can visit the UK government website: https://www.gov.uk/state-pension-if-you-retire-abroad