Pension planning is not simple even when you are just living and working in one country. This is because it requires some strategic work: first defining your status quo, then determining your goals for the future and then finally setting up a strategy that is going to help you reach that goal in the future from your current starting point. A good and dedicated IFA (independent financial advisor) can achieve that for you.
However, expats face an even more complicated situation than others because they often have existing pension funds or state pensions in multiple countries already and will now add some new ones here in Germany. You’ll need an experienced advisor to make heads and tails out of that convoluted collection of pension plans in order to plan a solid and sustainable retirement income for you. Plus: certain foreigners like, for instance, US nationals who live in Germany, find their selection of local pension plans severely limited due to taxation and regulation problems here in Germany or at home.
This is where the experts from CR&Cie. come in as your special independent pension planner : we have vast experience in advising clients from all over the world who live in Germany. We know the relevant regulations within the European Union member states about mutual recognition of pensions, we know the most important bilateral agreements from Germany with many countries in the world about the recognition of pensions and other social welfare systems.
We know what a SIPP or ISA is, or how a QROPS
transfer can work (and how, in a neutral and unbiased assessment process, it can be determined if such a transfer is actually in your best interests or not). We also have experience in advising clients who have a 401(k) or Roth IRA and can help clients who have those to consolidate or to manage them for you.