If you are looking at this wondering what on earth I am on about, a QROPS is a Qualifying Recognised Overseas Pension Scheme – an overseas pension arrangement into which existing UK pension plans were transferred. A strange acronym but there will be many UAE residents who have one.
If you have one you need to read this article as there may be a better, more suitable, and cheaper option for you.
It has often been said that “a goal without a plan is just a wish”, meaning that action is required if you want to achieve your goals in life.
We all spend our lives hoping for the best but you need to do something if you are serious about your life goals, specifically your financial life goals. Do you want to retire at age 55? Do you want to buy a holiday home? Do you want spend some years travelling the world? Great ideas but how will you achieve them?
With proper planning you can take action to turn these wishes into reality so read on…