Expats warned over pensions shortfall

by Ray Clancy on August 8, 2011

Elderly expats, be wary of shortfalls on pension payments

British expats working internationally, especially those on short contracts, should be wary of falling into the trap whereby they create a shortfall in their pensions contributions, warns international financial planning group Guardian Wealth Management (GWM).

‘All too often when people take a short term contract and move abroad they put their UK pensions on hold. Since they are on a contract they are unlikely to be eligible to enroll in any local company pension scheme,’ said Gavin Pluck, European director at GWM. [click to continue…]