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Showing posts from May, 2020

Should I transfer my UK pension to a QROPS or a SIPP?

Working in the United Kingdom has several benefits like better work-life balance, work pay, and work opportunities. In the UK, there are different types of pension and retirement benefits that you may get. Many people work abroad, but for their retirement return to India. While the lifestyle of the UK is appealing, India is where their heart is. If you are someone who plans to move to India after retiring then, you must figure a way to bring home the pension that you are entitled to, isn’t it? Let’s find out how:    You have two ways to transfer your UK pension account  into  term plans :   To a  QROPS  (Qualifying Recognized Overseas Pension Scheme) in your new country of origin    SIPP (usually used by non-UK residents and ex-pats)    But which one is the right one and what are their benefits, it’s time to find out:  Up until now,  QROPS  was seen as the better option amongst the two, but due to the recent amendments made to the UK pension law, many are

HOW SECURE IS IT TO BUY LIFE INSURANCE?

A  life insurance policy  in today’s time is an absolute must. Today, the world has come to a standstill because of the global pandemic – COVID-19. People had plans for 2020 and no one saw this coming. Yet, today, millions have succumbed to the novel threat and almost everyone is asked to stay under a lockdown. These are the times that make us realize how important is a  life insurance policy . After all, our and our loved ones’ life is precious, right? And god forbid, if something happens to you, then you need to make sure that your family is protected. That’s why it  i s crucial to invest in a  life insurance policy .    Life insurance policies  aren’t cheap. They come at a premium and it  i s natural for one to question – how secure is it  buy life insurance . If you too have this question, then this the right article for you.    Let’s look at how secure it is to  buy a life insurance policy :    1.    Regulated by the government: Around 1999, IRDAI (Insurance