© 2019 by Mana Strategic Consulting.

Our Expertise

As your dedicated advisor I focus on achieving and maintaining a thorough understanding of your financial needs and aspirations. I believe passionately that the best wealth management service is provided through personal, face-to-face advice.
UK Pension Transfers

Whether you need advice on transferring your pension to a SIPP or QROPS will depend on a number of factors. These include more obvious things, such as intended country of residence in retirement, but also include other factors that you may not have considered.

The good news is that our advisers specialise in pension transfer advice and can guide you through which options would benefit you most. Transferring your personal pensions and salary related schemes into a SIPP (Self-Invested Personal Pension) or QROPS (Qualifying Recognised Overseas Pension Scheme) will usually give you a host of benefits. These include a much wider range of investments, often improved tax position, increased death benefits, plus control over how and when you take your benefits.

There are many reasons for transferring your UK pension, but you should first seek expert advice. Tyrone is fully qualified and undergoes regular development training to remain abreast of current and pending legislation.

Our Retirement Planning Services include:

  • Consolidation of pension schemes

  • Defined Benefit (final salary) and Defined Contribution (money purchase) pension transfers

  • HMRC regulated SIPPs (Self-invested Personal Pensions)

  • HMRC recognised QROPS (Qualifying Recognised Overseas Pension Schemes)

  • HMRC qualified QNUPS (Qualifying Non-UK Pension Schemes)

Life Insurance

The foundation of any financial plan should always be protection – few people can rely on their employers for more than short-term support and where social security does exist, it’s never more than a subsistence allowance. While tragic events are never planned, you can make sure that the things and people you care most about are taken care of financially.

Life insurance pays out a pre-agreed sum of cash in the event that the insured dies during the policy term. The named beneficiaries of the policy receive the pay out and are thereby safeguarded from the financial impact.

Our advisers work closely with the leading insurance institutes and can perfectly tailor solutions to your family’s specific requirements.

Types of cover include:

 

Retirement Planning

Whether retirement is many years away or just round the corner, unless you start planning for retirement now, there is a great danger that you could outlive your savings.

The earlier you start planning, the easier it will be to create the retirement lifestyle you want.

The stark reality is that the majority of us need to save more.

With people living to a greater age, retirement now represents a far greater proportion of our lives than previously expected. We all must accumulate more when we are earning to meet the extra costs of living longer. The decisions we make today will dictate the standard of living we will enjoy in retirement.

The golden rule is to determine exactly how much you are going to need in retirement – and to start planning for it now. 

UK Inheritance Tax

Inheritance tax (IHT) has become an increasingly important tax as it applies to the estates of more and more people in the UK. Even for British expatriates, living offshore doesn’t mean you are exempt – if the UK remains your domicile (which is the case for the vast majority of people from the UK) then your worldwide assets are subject to IHT.

Trusts cannot be ignored as they are a fundamental part of succession planning. They can help to reduce an IHT liability allowing your beneficiaries to benefit from more of your estate. The tax treatment of a trust at inception, during the term of the trust and upon distribution of any funds will depend on the type of trust used.

Trusts can be an important tool in preparing your estate for IHT mitigation. But they are also useful for people who want to maintain complete confidentiality over the split of assets between beneficiaries. A trust can also be used to impose certain conditions in order for the beneficiary to inherit, giving the settlor an element of control from beyond the grave.

There is no ‘one size fits all’ solution to IHT and succession planning and the solutions that work for one person may not necessarily work for another. Tyrone works alongside you to offer solutions that are specifically tailored to your needs

Education Planning

Investments soon add up. The earlier you can start saving for your kids’ education, the better. 17% of UAE parents already have an education savings plan in place (according to HSBC’s influential 2017 Value of Education report). 

Over half of UAE parents report that they wish they had started saving earlier for their childrens’ education.

Tyrone, offers assistance in setting up education savings plans as well as trusts and other legal ways of paying for education efficiently.

  • We are committed to supporting you and yours from cradle to grave. So be reassured: there IS a way to make education fees manageable. Money invested sensibly soon adds up.

  • Almost 70% of UAE parents currently try to fund their childrens’ education from day-to-day living expenses; allow us to show you with cash-flow modelling how to avoid this situation before it gets too late.

Property Investments

Getting a mortgage as an expatriate can be tough.  We have an in-house mortgage team who specialise in helping expatriates get the best mortgages at the best rates