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QROPS: What Are They And What Can They Do For You?

Photo Credit: Unsplash | Anthony Metcalfe You have a frozen UK pension but have moved, or are thinking of moving, overseas. You want your pension to work for you and get as much from it as possible. You might not know it, but you need a QROPS! A QROPS will provide you with a more flexible option than your standard UK pension and is almost an investment in itself. What Is A QROPS? According to Wikipedia, QROPS stands for ‘Qualifying Recognised Overseas Pension Scheme’. It is ‘an overseas pension scheme that meets certain requirements set by Her Majesty’s Revenue and Customs’…

Track Your Spending: The First Battle in the War on Debt

According to The Money Charity, the average UK household is in £60,363 of debt. With millions of job losses expected due to the fall out from the coronavirus pandemic, that figure is set to rise. It could spell disaster for those who are already struggling to manage their finances.  For anyone who has experienced debt, it can be truly crippling. Trying to make repayments while keeping up with your other expenses is tough. If you’re still not in control of your spending or on a low income, it can feel impossible to make progress. But, no matter how bad things…