Category: QROPs surrender

How to cash in your QROPS pension at 55 years old

work on the beach 26 Oct

Just build a website they said, live on the beach…oh really?

So, you have been on a Thai holiday, you have felt the sun on your back and tasted the inexpensive Thai food, now you want to live here? Excuse the sarcasm, those of us who have lived here ten years plus, we hear it every week.

“Now your friend, tell me about him again, the one with the websites selling Thai statues and cushions, yes him who is retired at 35, drinks all day, rings the bell in bars and is currently in some hedonistic utopia.”

It is human nature to boast about one’s achievements, especially if the reality is very hard to bear. Most people I have met in the last 17 years in Thailand have all lost cash in Thailand, yes made some, but in the end, they are mostly out of pocket than in the pocket.  Factor in 2020 and if you have a bricks and mortar business that relies on tourists coming in, it makes for very sad reading indeed.

Working online is an easy way to live on the beach.

Over the last few years, e-commerce has become an indispensable part of the global retail framework. Like many other industries, the retail landscape has undergone a substantial transformation following the advent of the internet, and thanks to the ongoing digitalization of modern life, consumers from virtually every country now profit from the perks of online transactions.

As internet access and adoption are rapidly increasing worldwide, the number of digital buyers keeps climbing every year. In 2019, an estimated 1.92 billion people purchased goods or services online, and during the same year, e-retail sales surpassed 3.5 trillion U.S. dollars worldwide.

So, if it is so easy why isn’t everyone doing it?

According to Malcom Gladwell’s book Outliers it takes around 10,000 hours to be good at anything, that is 13 months straight by the way, factor in rest and sleep, so; 3 years. This was roughly the time the Beatles honed their skills in Hamburg. This is generally the time to complete an apprenticeship or get a University degree.

The rule is based on research into the abilities of top performers in various fields like mathematics, chess, tennis, swimming, and music.

The research shows that for the overwhelming majority of experts who reach the top of their fields (for instance, chess grand masters or great composers) have spent a minimum of ten years acquiring and honing their skills.

The few who are exceptions to this rule are found to hit their expert status in year eight or nine of their careers—not far short of the average. So being a prodigy with a “gawd given” talent is just a myth.

The 10,000 hours rule dictates that you need an enormous volume of time. That’s what it takes in order to become a master of your craft.

This, says Gladwell, is true even if you are a prodigy. However, even though this has largely been disputed, there is some truth to it.

Practice makes perfect. In a world where our attention is short, this is a hard thing to learn.

However, whilst you are a newbie at a new trade, or you need time to build up a brand, you must compete with the human condition which is hunger, sleep, love and belonging, all the things that Maslow talked about in his hierarchy of being. All this ‘learning’ costs time, and time costs money so the big question is:

 Do you have 3 years ‘living money’ spare?

Further to this you are going to make mistakes in any new activity that you try to live in Thailand.

Back in 2010 we started an online business and a website company, naming no names but they were a Swedish outfit 2 brothers who charged us 1 million THB for a website! Yes, we threw 1 million Thai baht of our hard cash to build a website and this was when the baht was around 60 to the British Pound! Now we know to build the very basics of a website costs less than 50 U.S.D!

Then we paid a Thai /Danish company 1 million baht to do some marketing on Social Media for us which lasted about 6 weeks and they were done with us and stopped answering emails, unless we coughed up some more money.

Yes, we were stupid, but knowledge comes through learning and making mistakes. Knowledge that we use now to build on our websites and do our own marketing costing us 4 commas to the left of what we paid 10 years ago.

So, you need learning money too, unless you already are established online and have done your time.

Consistency is also the key to any online business success, back in 2000 a website was a fortune and you were almost guaranteed business by being so forward thinking, but technology is a fickle business.

Have you ever watched a movie from only 5 years ago and thought OMG! Would you look at that antiquated phone they are using? 

Technology moves so fast, if you are not updating your website 3 times a week with good original blogs that inspire, educate, give altruistically tips and tricks from your own knowledge that you have spent years learning to brand you as a business leader and someone whom people can do business with, you will be doomed to page 5 of Google and we website people have a joke:

Where is the best place to bury a dead body?

Page 5 of Google’s Search pages! Nobody ever looks there!


How many websites??

When it comes to websites and working online it is not for the feint-hearted, the statistics will tell you this:

In 20202 so far there was around 1,780,279,247 and it appears to be growing quickly. The truth is, however, that only a fraction of these sites are actually active. 

 About 1,580,279,247 websites on the internet are inactive.

(Source: Internet Live Stats)

Although the number of websites as of 2020 online is not short of two billion, only a small number of these are active. In fact, only about 200 million websites are active. 

In business and life, the 2% rule prevails, no matter what you do only 2% are dogmatic enough to see it through to the end and have the patience to wait and try many different things to be successful.

So now you need 3 years domestic money, three years learning money and now you are up against the mountain of failures who will tell you working online is one of the most difficult ways to make money anywhere!

My advice to anyone is if you have started a website and aim to live online with your passion and you have ‘blind faith’ you  know you have something that satisfies the end need for consumers, fills an emotional gap and saves people time and money, then don’t give up after the first few months of your blogging. It does feel that no one is listening to you, but you are always closer to success than you think you are and if you give up now the race is lost.

For myself one thing is for certain regardless of the ‘shitshow’ that is 2020 and the fact that I had 1 years living money, no room for error, and only had the blind faith to continue when all common sense told me to go back home, get a job and stop putting your family through such turmoil.

I was determined to see it through, maybe entrepreneurs are masochists and love the pain of going cap in hand to almost everyone you know to survive, I am starting to see after 13 years of a real scary roller coaster ride with nothing holding the car to the ride’s structure, I can see some light at the end of the tunnel and what a glorious light that is. It is so worth it.

time+effort =success…you hope!

Maybe, you have something that you know can itch that currently unreachable spot and you just need to get it online, we can help, and maybe you are at the age I am and can use some of your pension pot now to make yourself a small fortune to re-invest , now you have learned the fundamentals of wealth and do much better than your current pension provider.  Or maybe you want a better yield for the pension you already have.

Then drop our experts a message with what kind of pension you have, and we maybe can help you get you find your living money whilst you get your online business running.

ice cream pension 6 Oct

Can you be trusted with your own pension pot?

Are you like a 5-year-old outside a sweet shop with a ten-pound note when it comes to your money? The UK government seems to think so!

But then again let us look as some recent research:

The average person in Britain has a poor understanding of many aspects of personal finance.

We Brits grossly underestimate the cost of big life events such as having children, the cost of further education and retiring.

The average person thinks that it costs just £50,000 to raise a child from birth to leaving home, one study puts the actual figure at £229,000.

Similarly, we think the average debt for a student coming out of university is only £21,000, when the actual average student debt is more than £44,000.

Perhaps most worryingly, the average person thinks they only need to have a pension pot of £124,000 to get an annual income of £25,000 per year, including their state pension. A quick check of any pension calculator shows that is woefully short, and most people will need well over £300,000 (taking receipt of the full state pension with 30 years NI stamps into account).

Brits are “worryingly exposed” to financial shocks, a report from Schroders Personal Wealth has found.

A survey asked 2,000 UK adults how they feel about their financial situation.

This was then rated in four main areas: getting the basics right; managing borrowing; protecting against the unexpected; and planning for the future.

She is not free!!

The surveyed Britons scored only 3 out of 25 when it came to protection against the unexpected, and for planning for the future the rating was only slightly higher, at just 5 out of 25.

Pension Freedoms

The British over-55s have withdrawn more than £30bn from their retirement savings since the introduction of pension freedoms in April 2015, according to the latest statistics from HM Revenue & Customs. Savers withdrew £2.4bn from their pension pots in the third quarter of 2019, an increase of 21 per cent from the equivalent period in 2018.

The number accessing their savings in this quarter was 327,000, HMRC said, a 27 per cent increase on the 258,000 who did so in the same period a year ago. However, the average withdrawal per person has fallen — from £7,600 last year to £7,250 in the third quarter of 2019.

Back in 2015, the hubbub was that investors would start shoveling money out of their pension and not think about the consequences. But the reaction to the COVID crisis suggests that lots of people understand the associated risks. Investors are taking more responsibility for their retirement and thinking ahead to the future.

However, it’s one thing to choose a flexible retirement option knowing the risks, and it’s another to experience them first hand. The recent stock market dip would’ve shaken the confidence of lots of pension investors.

If you’re thinking about taking money from your pension, it’s important you get the full picture first and get some expert advice for free.

If you have a defined contribution pension today, things are different. From the age of 55 (rising to 57 in 2028), you normally have the option to keep your pension invested how you choose and withdraw money when you need to? You can even withdraw the whole pension in one go if you want to. Usually up to 25% of the pension is paid free from tax and the rest is taxed as income. All of it if it is under 30,000 GBP

Giving up on secure income brings with it extra risk and responsibility. The fear when these freedoms were introduced was that investors wouldn’t take this seriously and could end up running out of money earlier than planned. But the recent drop in people flexibly accessing their pension might suggest that they’re being more sensible, and perhaps deserve a little more credit.

So, with this information to hand, the Government seems to be putting up many hurdles that counter the pensions freedom act of 2015, making it harder and harder to cash in your pension. Many experts foretelling the end to Pension freedoms.

Are you sure you want to cash in Sir?

It is the responsibility of the Financial Conduct Authority (FCA) to police the industry and protect consumers.

So, it’s no wonder that the regulator has tried to make sure people are using their new freedoms wisely and that firms are only recommending transfer where appropriate.

Putting the £30,000 ($38,704, €32,959) limit in place meant smaller pots could be accessed without advice, which would likely not have much impact on a person’s overall retirement pot.

The balance has got to be your health and your future, and how much time you really feel you have left versus what you have already got in your bucket list.

Doors are closing on Pension Freedoms

All this means if you are 55 years old now, and you are adamant you could do a better job yourself with the cash from your pension and place  in an investment vehicle your uncle Charlie knows about, or a startup or perhaps, maybe you know of a great property that just needs a lick of paint and you can double your cash, well they do on the telly every day eh! Or you can take advice from experts.

But you got too be quicker based on the above research many experts feel this is the prelude to a turnaround on how you can move or cash in your pension.

One really good reason to have a pension review now, is that Jersey has only recently become a jurisdiction available to non-residents. So, if you are 55 years and older and have a QROPs that is currently not getting a good return, or you haven’t seen your Broker for a while, or maybe you want to access 100% of your Pension money ASAP, then you need to speak to us.

Have a coffee with our Bangkok Based financial experts and you will be wiser for it and at the very least make a more informed decision over your future.

**Terms explained!

Pension freedom rules: The rules introduced on 6 April 2015 allowed retirees to take as much out of their defined contribution pensions as they wanted. Before this, most people were restricted as to how much they could take out in one go.

Drawdown: A way that people from age 55 can flexibly access their pensions. For example, drawdown is flexible since you can take out as much as you want. It’s a higher risk option as your income varies depending on the performance of the investments you choose. The first 25% will be tax-free and the rest taxable.

Lump sum payments: A flexible retirement option that lets you reach into your pension and take however much you want as a single cash payment. 25% of the amount will be tax-free and the rest taxable.

Annuity: A retirement option that will pay you a regular income that’s guaranteed for life.


Why Jersey for QROPS?

If you have a pension in a QROPS and you are wondering what all the talk about Jersey is about then read on….

Jersey enjoys its standing as one of the world’s leading International Finance Centres offering reliability, political and economic stability, with a sophisticated and comprehensive infrastructure of laws which have kept Jersey at the forefront of global finance for over 50 years. The Island has a AA+ credit rating with Standard & Poor’s (S&P).

The Island is a Crown Dependency which means constitutional rights of self-government for this jurisdiction, and judicial independence. This means both businesses and investors can enjoy the benefits of an independent international finance centre which is close to the United Kingdom and mainland Europe. Jersey is in the same time zone as London and daily flights are available along with regular flights to other European centres. Jersey remains one of the favourite regulated international finance centres, a position that has been regarded by independent assessments from some of the world’s leading bodies.

So why move your pension pot to Jersey?

QROPS Pension is written under a deed of trust subject to Jersey law and is available to both Jersey resident and non-resident members.

 It has tax approval from the Jersey Income Tax regulatory body and is recognised by HMRC as a QROPS. Background With effect from 1st January 2015 amended legislation enables Jersey QROPS as an option to pension investors living off the island. For many years the Island has had many QROPS pension schemes recognised by HMRC however local law restricted these only to Jersey resident individuals. The revised Income Tax (Jersey) Law permits non-resident pension members to transfer their UK tax-relieved pension funds into the jurisdiction, offering a secure environment to protect your client’s pension assets.

One of the biggest draws of a Qualified Recognised Overseas Pension Scheme (QROPS) is the ability to withdraw money in a more flexible and convenient way. For example, from the age of 55, you have the right to withdraw a tax-free lump sum of up to 30% of your total pot. You are under no obligation to have the QROPS based in the same country in which you are resident, allowing you to find the combination that works best for you, wherever in the world you are.

However, before you sign on the dotted line, you need to be fully aware of the QROPS withdrawal rules.

What Are the QROPS Withdrawal Rules?

As we’ve mentioned, you can withdraw a 30% tax-free lump sum from your QROPS once you’ve turned 55. This initial lump sum is known as the Pension Commencement Lump Sum (PCLS). If you are a high earner and would normally expect to pay up to 45% in income tax, the QROPS removes that tax requirement after 5 years. Also known as the Five Years Rule.

When you come to withdraw money from your QROPS, whether it’s the lump sum or a smaller payment, you have greater control of the currency. Unlike a UK pension fund which can only dispense British Pound, a QROPS can be used to withdraw money in a wide range of currencies. This is ideal for making the most of any favourable exchange rate.

Long life V quality of life

There is a fine balance between living longer and living healthier. Sure, many say we are living longer now, however if that means stuck in your home or a care home for the last ten years of your life is that a life at all?

If you have many grandchildren who visit often then maybe, this is a consideration that many must make when it comes to cashing in some of your QROPS pension pot. It is a fine balance with length of life versus quality of life. If you are relying purely on your state pension heed this advice:

Fewer than one in three Brits is confident we will get a state pension from the Government when we retire. 

You currently need 35 years of National Insurance contribution credits to collect the new state pension of £8,767.20 a year. This extra income would cost £300,000 to buy as an annuity.

But the state pension age not long ago shifted to 66 for both men and women and will rise again to 68 between 2044 and 2046. This comes after woman born in the 1950’s are now made to wait to collect their state pensions when the age at which they were eligible was changed from 60 to 65. 

A think-tank the Centre for Social Justice has also controversially suggested the state pension age should eventually rise to 75 to take into consideration the nation’s improving health.

Experts have even predicted that the state pension could one day be means-tested.

Recent analysis from investment platform Hargreaves Lansdown has found most of us are not holding out any hope for retirement backed by government.

A poll found only 28 per cent of under-35s and 35 per cent of those aged 35 to 54 think the state pension will still be around when they retire.

Even 23 per cent of over-55s were not sure it would be around when they hit retirement.

If you are like me and many others it seems, you feel the UK Government is trying hard to give us all a big hint that we cannot afford to keep up state pension payments in the UK as more and more of us are living longer and not necessarily better.

The UK daytime TV is full of Television shows that are about how to make money from antiques, how to make money from property, how to invest in penny stocks and day trading, I think the hint is:

Find out now how to look after yourself cos we the government cannot!

Trash in the Attic find your own ruddy pension!

Perhaps like me you feel you could probably do better with the cash right now, maybe you know of a property you could buy for buttons and refurbish and sell for a profit. many are doing this right now, perhaps you could use a lump sum towards a startup invention you know will corner the market, or perhaps you have found a place in the world to buy gems at an amazing price where people will pay a lot more for. Or perhaps you have found oil in your garden and you need some cash to get a pump and sell to shell!?

Cash is always king and liquidity rules, ask anyone in any kind of business how much liquidity plays a part in everything they do!

QROPS encashment.

If you are in Thailand now and by switching the jurisdiction (Trustees) of your QROPS to Jersey you can enjoy much better tax options than other European jurisdictions.

**Please note the above table is for Thailand resident Expats as there are different QROPs rules through DTA’s (Double Tax Agreements) for Expats in other countries that have arrangements in place with QROPs based in the IOM and Malta**

Request a free introduction to a pension specialist

If you have funds invested into a QROPS or have some questions about QROPS which you don’t feel have been answered, or you have not seen your advisor for some time, you can request a free introduction to a trusted independent financial advisor through our website

Needless to say; you will not be pressured into making any decision, neither will you be under any obligation to proceed with any advice. Could be the best cup of coffee and free advice you ever had!

enjoy life save 10% 20 Sep

Do you work for cash or does cash work for you?

“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” Robert Kiyosaki Author of Rich Dad Poor Dad

Ever hear of a poor banker? No nor have we!

Bankers use cash and make it work for themselves. Their bricks and mortar banks offering accounts, loans and small interest are what savvy business describe as a ‘loss leader,’ it is true the banks themselves do not make much money. It is what happens each evening when the doors close and then the real action starts.

Your cash is being put to work in massive arbitrage deals and forex investments earning the banks Billions each month, this is why it takes a week to cash a check, that £10 check or bank transaction you sent to your nephew in another country, that we all  know it can be done instantly it is merely pressing a button on a computer and its done, but the banks need your cash to stay where it is for as long as it can, because your £10 can turn into £5-10,000 for them in a matter of days!

Because Bankers understand liquidity

Liquidity is a term used in finance to explain the availability of cash.

Liquidity might be your emergency savings account or the cash lying with you that you can access in case of any unforeseen happening or any financial setback. Liquidity also plays an important role as it allows you to seize opportunities.

If you have cash and easy access to fund and a great deal comes along, then it’s easier for you to cease that opportunity. Cash, savings account, current accounts are liquid assets because they can be easily converted into cash as and when required.

cash fundamentals
Cash fundamentals

Sometimes magazines refer to the Queen as being super rich but most of her cash is tied up in land and property. I remember reading a news report about how a poor chap won an expensive sports car in a raffle, and he had to borrow some cash to put petrol in it to get it home. It took him over a year to sell it and the report had a picture of him walking past his car every day on the way to work as a hod carrier on construction sites.

Liquid cash is a vital component of anyone’s portfolio. I remember learning about how much liquid cash you should have in your financial strategy.

A common-sense strategy may be to allocate no less than 5% of your portfolio to cash, and many prudent professionals may prefer to keep between 10% and 20% on hand at a minimum. It really depends on your individual circumstances. Evidence indicates that the maximum risk/return trade-off occurs somewhere around this level of cash allocation. If you combine cash with fixed income securities, the maximum risk/reward level is slightly higher, somewhere along the lines of 30%.

You should always try to keep at least 3-6 month’s living expenses in cash to avoid running out of money if something happens. Easier said than done for all too many Brits.

A third (33%) of Brits say they do not regularly save any money, according to new research by Lloyds Bank. Part of Lloyds Bank’s ‘How Britain Lives’ study, the UK-wide analysis conducted in partnership with YouGov, also found that 7% of UK adults have no savings whatsoever to fall back on if they lost their job. A further one in five (18%) wouldn’t survive more than a month if they were to suddenly lose their job, and 30% would only be able to live off their current savings for up to six months. Yet, despite knowing they could be caught short on cash, almost one in five (17%) admit to not planning their personal finances at all.

If you are like me who laments that it took so long to educate myself about money and how money is the most ardent worker for itself, and is still stunned every day to learn how some investment vehicles are making massive returns each day and how money grows and grows without having to carry bricks up and down buildings all day or win a car in a raffle.

We all want to have a good time when we are young and we leave education and can’t wait to get a job to become independent, but very few if any young people are educated in how money works and we are all somewhat guilty of living for today.


Monthly contributions really begin to make sense when you understand the concept of compounding. Compound returns act like a snowball rolling downhill; it begins small and slowly at first, but picks up size and momentum as time moves on.

The two key elements of compound returns are reinvestment of earnings and time. Stocks generate dividends that can be reinvested, and over time this acts as a self-feeding source of financial growth. At its core, compound investing is all about letting your interest generate more interest, which ends up generating even more interest down the road.

Suppose, for example, that a 20-year-old individual has £5,000 invested in equities earning 8% a year, which is a little below the historical average of 10%, as of January 2020. At the end of the first year, the investor’s portfolio earned £400 in interest (£5,000 x 1.08). If the investor re-invests the interest, the same 8% growth will yield £432 in year two (£5,400 x 1.08). Year three will generate £466.56, year four generates £503.88 and so on. At age 25, the re-invested portfolio is worth £7,346.64, all without any additional non-interest contributions by the investor.

Follow this pattern for another 25 years, and the investment reaches £50,313.28. This represents more than a 10-fold increase, despite a lack of additional contributions. Adding just 100 pounds a month is a stunning return and one for a later post.

Money growth

Where is your Pension?

Only 1 in 25 people consider telling their pension provider when they move home. Notifying your bank is viewed as essential but pension providers are often forgotten about.

Research commissioned by the Association of British Insurers (ABI) has found people rarely contact their pension provider when they move house. It has been estimated that there are around 1.6 million pension pots worth £19.4 billion unclaimed – the equivalent of nearly £13,000 per pension pot which if they are 55 years older can access as cash TODAY!!

Insurers are trying to reunite people with their lost pensions, life insurance and investments. This is usually done by sending a letter to their new address.

The research was used to produce guidance for insurance and pension providers that aims to help identify, track down, verify and reconnect people with lost savings through improving reconnection communications.

Typically, people move house 8 times in their life. As part of the study, people were asked about their ‘to-do’ lists when they move – things they would do automatically and things they would do when prompted.

Up to you!

Each person is responsible for themselves and getting financial advice. You do not have to go out and get a PhD in finance to be able to make cash work for you instead of you working for cash. Reading a few articles online and speaking to some really good advisors can reap massive rewards for you.

We go to a Doctors for a regular health checks but rarely do we think to have a financial checkup, and ask yourself how much would your health improve if your finances improved?

kiyosaki on qROPS FOR LIFE

Right now if you have a QROPS or a SIPP and would like to get a much better return for your pension pot speak to us, we can help and we can help you manage your pot more effectively and also get your hands on some of your pot as cash if you are 55 years old or more and if the banks can make thousands of a few pounds liquidity then maybe you can learn to as well. It just takes 1 minute to get free advice:

55 the new retirement age 15 Sep

55: The new 65 and spending your pension!

Since the government in UK introduced Pension freedoms in 2015 over 90% of UK people have taken most of not all of their private pension pots, but what do they spend their money on?

Don’t wait to Travel the world

According to one national newspaper many 55 years olds believe as much in today than they do in the future realising that they are not getting any younger.  

is 55 the new 65?

One former 56 year old engineer from Essex told them:

“You see all these pensioners in the holiday resorts asleep all day, I mean some of them fall asleep during the best parts of their holiday, proving that you can wait too long to enjoy yourself. So for me I wanted to enjoy myself whilst I can,  I would kick myself if I had loads of money when I am 70 but can’t even get up the stairs to the wonders of the world.

One of my bucket list things to do is I want to see the Great Barrier reef and SCUBA  dive the corals, but I am  concerned that they won’t let me go if I am too old. So it is a balance between being young enough to enjoy life and not too old to remember it, so for these reasons I took my pension pot at 55 last year and been on a couple of life changing holidays since!”

Another somber reason people took their pension pots was they have become increasing concerned about mortality having seen many young virile friends die to  many causes.

 Road traffic accidents was one. We asked a group of Students at Liverpool University campus in 2018 (about 20 rather inebriated 20 somethings I might add, nice to see your grant money put to good use) who had had friends die from car or motorcycle accidents, and around 6 had lost friends, then we asked about suicide and 4 had their hands up, drug induced deaths 7 told us they lost friends to drug abuse, but the one telling factor was cancer it was astonishing to see only 4 people had their hands down and had lost young friends and family to this devastating disease.

At the end of the day 55 year olds will have seen many family members die over their lifetimes, (sorry students if you think University was hard, strap in sweeties because the ride is just going to get a lot  rougher for you)  Our middle aged people would be lucky to still have at least one parent still about. Also at 55 they will have lost friends and colleagues to all the above causes.

So to this end 55 years old feel as mortal as anyone, but still would probably have a lot of wherewithal to continue through life with some degree of health and vitality, so is now the time to enjoy life before the grey hair and bones start to ache too much? Only you can decide this.

Point of our little students union excursion was a few beers and the realization that even young people look both ways when they cross the road, and just to make it to state pension age is not a given. The UK Office of National statistics tells us that around 13% of all people do not make it to 65 years old in all race creed and religions.

When the UK government introduced the state pension just after World War 2 for men turning  65 years old, they knew that few people actually made it to 65, so they were always going to be ‘quids in’ on the deal to take cash of you monthly to save for your state pension, and  if you die well before your 65th Birthday like the majority did back then, you never not get it back of the government, unlike you can with a private pension ( as in  your family could claim it after you die).

Invest in thy self

Due to the advent of the internet and freedom of knowledge more people are learning about investing and compound interest, good financial advisors are educating the world about the basics of how money can make money and although most trust others to manage their pension pots, some are learning the basics of wealth and cashing in their private pensions and learning to invest.

The key tenets are always that savvy investors think long term and never invest more than can afford to cry over and lastly to diversify, in high middle and low risk investments accept that you will lose some and win some and it’s the middle ground where the income comes from.

1 dollar goes where?

We spoke to an Australian man who has been day trading on etorro, an online investment application where he takes consul from top investors and mirrors their day investments for many years, and it has afforded his travel around the world for the last ten years he told us

“It’ all about composure, setting in stops so I don’t lose more than I can afford, and taking small to very good returns each day, some days I make a dollar some days I make 100 I never get too excited and just see it as work. I put the hours in read the news, watch Bloomberg and never let emotion get involved, It is not a casino, sure when you make a lot you smile, but be ready because there is a loss somewhere that usually corrects it, most of all it is fun for me.

 I recently cashed in a pension pot last year but I have not put all my cash in day trading, I bought some Government bonds, Invested some in Gold, I do some forex as well as some riskier investments. If you are not really interested in world affairs or have some leaning towards finance yourself, then give your cash to a trusted advisor who has been recommended to you, and let them manage your cash, just don’t blow it in the casino or you will be a sorry mess”

If you use some of your pension pot to educate yourself to make more cash, then the world can become your oyster!


Most 55 year olds will have a career or two under their belt and would be considered experts in one or two fields, and will by now lamenting why they know about so much stuff now, when life is 60% over. We always ask ourselves; if you could be twenty again and now what you know now, what would you do different?  Why don’t 20 years olds listen to us? And why we moan so much?

In recent research 18 % of all 55 year olds have invested the pension pots in their own start businesses, again the internet is making it possible for almost every industry to sell products and services online. However many pre 55 year olds want to start but need some startup cash and have to look around for an Investor.

Finding an investor seems so easy if you believe what the internet tells you, just join a crowd funding site and soon cash will come pouring in, the sad fact is you have to find investors who have more than a slight interest in your business model, investing is like dating, you have to find the right fit and your investor is probably wealthy and wants to help you so they are looking for businesses that they know and if your business model is new and dynamic it will take a lot longer to get bites.

Further to this you are giving away equity, sounds fine now as you are a startup but what if your model really takes off and you find yourself sat across the table from a really big consortium who is talking 8 figures in USD and you have given away 48% already.

Releasing a pension pot and putting some towards your own capital you need to get going may be an avenue that is right for you, if you are convinced you have a world beating idea then what is to stop you using your own cash for yourself?

Learning about investors and Venture capitalists is another career in itself, plus your new start up career and the two previous ones you did to get to where you are now, there is business plans, meetings, pitches and then marketing yourself, you have to learn to be an all-rounder to be successful whilst not getting a salary for many years if you are bootstrapping, and then after all this you meet a Venture Capitalist at a boozy networking event and the first word out of their mouths is:

 “What’s your profit right now?” and you have to resist throwing your cucumber sandwich in their face!

Cashing in a pension and using some of the cash can save you a lot of heartache giving away equity, surviving on breadcrumbs, and conversing with people who care little about how you want to change the world.

The boring stuff

Other notable but mundane things people spend their pension pots on at 55 were weddings, home improvements and a new family car, 2% actually admitted they will spend it in the casino, so perhaps opening a casino would be actually quite a good  startup idea,  we have already done the research, you are welcome!

For help cashing in some or all your pension pot especially if you have a QROPS that will allow FULL access and encashment from age 55 tax free by moving  to our new jurisdiction of Jersey in the Channel Islands and other free impartial financial advice

contact us here.


QROPS For Life

Thousands of expatriates took out QROPS (Qualified Recognised Overseas Pension Schemes) and moved their UK long term pension pots to more cash yielding jurisdiction. However many now find their advisors have left or are not in touch as much as they promised. This has affected many expats in Southeast Asia especially those who have QROPS Thailand, and we are there to help you fill that gap with knowledge, so you can make the best decision for you.

We can help you see how to get more from your QROPS pension by understanding new jurisdictions and management fees.

If you are 55 or older you can now get access top some or all of your pot through a QROPS cash in, of course you need good advice before you make any decisions, so we try to help you here. Get in touch for free impartial advice today