Expats Philippines, Expat Financial Advice in the Philippines
Expats Philippines, do you live or plan to move to the Philippines? Looking for regulated international portable financial advice?
If you’re an Expatriate or International, living in the Philippines and you are looking for professional expat financial advice/planning we are here to help.
We are experienced and familiar with assisting expats in the Philippines, living and working outside of their country of origin, to address their individual financial planning and investment needs. We are cross border international specialists, with advice provided globally from a UK regulated base.
Portable retirement planning
International Private Retirement Plan, expats moving from place to place with this transient lifestyle goes very much against their retirement planning. It often prevents them forming coherent financial plans over the medium-long term. Offshore portable retirement plans offer a great solution to the transient contractor who, just like their local counterpart, wishes to invest and make financial plans for his or her future. The inconvenience and disruption of needing to re-establish a new retirement plan every time you ‘country hop’ is negated by this geographically portable solution. The plan stays in the same place while you move around, and it grows tax free the whole time, in a tax efficient investment area.
UK pension transfers
Wondering how to transfer or consolidate your UK pensions (including UK frozen pensions) to the Philippines? We offer an international SIPP (Self Invested Personal Pensions) as a QROPS (Qualifying Overseas Pension Schemes) would be unsuitable for expats Philippines.
Do you already hold a QROP and paying heavy charges? We can also assist with the transfer to a suitable low-cost International SIPP structure.
US Pension Transfers
Under the age of 59 years and 6 months, you may be subject to 10% tax charge and your usual income tax charges if you in-cash you 401K. Your plan provider will typically keep 20% for the IRS. If you are 55 to 59 and 6 months you may be able to avoid the 10% tax charge if you terminated employment no earlier than the year you turned 55.
If you are no longer employed by the company then you can cash in or, rollover your 401K plan into an IRA. Upon on the transfer of your 401K, the tax can be deferred into a Roth IRA allowing you to avoid the US tax as a rollover is not considered cashing in a 401K.
Are your family protected with international expat life, income and health insurance? Harrison Brook is committed to providing private security contractors with the cheapest route to buy international insurances.
Have you built up savings in your bank account? Fed up with low bank interest returns? We have a range of portable investment solutions available, ranging from fund platforms, flexible lump sum vehicles to portfolio bonds. Our portfolio management services are personalised to each client, depending on such criteria as investment term and your attitude to risk.
Why do expats choose Harrison Brook?
Specialists in dealing with expats in the Philippines
Products and services are provided globally from the world’s largest banks by multi award winning UK regulated advisers
Solutions for the transient expat – perfect for clients who country hop or move around
Fee Based not commission based. All fees disclosed to the client
No restrictions on client location
Regulated to the very highest levels, worldwide
Ongoing management/advice is provided quarterly
How do you get started and take the first step?
You can speak to one of our advisers instantly or schedule an appointment to understand how we can help you while you live and work in the Philippines.
The information contained herein is for informational purposes only which is subject to change and should not be relied upon. You should seek advice from a professional adviser before embarking on any financial planning activity.