Inherited £ 150,000: What now?

DUS

xylophone wrote: »

See

https://www.gov.uk/new-state-pension/living-and-working-overseas

http://europa.eu/youreurope/citizens/work/retire-abroad/state-pensions-abroad/index_en.htm

Great, the gov.uk link you posted above is exactly where I first read about it. Thank you!

brasso

robber2 wrote: »

first thought is that as you are no longer a UK resident the ISAs are going to have to go !!

Nonsense...

atush

DUS wrote: »

That´s a good point and although a slightly different topic I´d like to ask a question about this:

Before leaving the UK I contacted HMRC (?) inquiring about this. I asked something along the lines of "If I leave on 22 April 2016 will I still qualify for a UK pension and how much money would that be?" I don´t have the letter they sent at hand right now but they said that I made enough contributions to qualify (they mentioned the 10 years). The amount per week was minimal but still better than nothing. Could that be because whilst I only stayed for roughly 9 calendar years I paid into the system in 10 consecutive tax years (incl. the 2016/17 one)?

Also, if we forget Brexit for a moment, isn´t there an EU regulation in place that the years I paid into another member state´s system would be taken into account with regards to the "10 year rule" in the UK. I really don´t know but I believe I´ve read something like this when I first tried to find out what the rules were.

DUS

You started work before the change, when people got credits for age 16-18 automatically ( I have them as well) even if they didnt live in britain then.

So basically you have 9+3 probably. So i was wrong, you dont need to buy any years as you have over 10 so are qualified for a partial pension.

What will happen later is anyones guess rebrexit, as it stands now you get pension credits across the eu and claim in t he country of residence (or maybe last residence).

StuartRitchie

Be very very careful when dealing with offshore financial advisers. Stay away from offshore investment bonds and regular savers. Both will be loaded with hidden commission. Speak to a fee based adviser.

Bliss118

Hi can I ask what ETF your using and what mining company's? What's the ticker? And do you manage this yourself or does some one do it for you?

cashbackproblems

Your current S+S allocation seems far too mining/minerals focused and you must have taken a hit in recent years? I would be more comfortable spreading my risk geographically and by sector primarily using trackers if you wish.

It sounds like you have no property and this is a concern, in terms of London you cant afford any sort of investment, but I would look at investing in Thailand (I have a friend who has done this) especially as you are looking to live there full time. But 150k even there wont get you much in a prime location. For your age and lack of property/pension, I don't think you are in a very good position.

Also how confident are you of making some money there, lots go to Thailand only to return when they realise earning online is very difficult unless you already do it.