Increase the value of your wealth by upto 50%????????

[Willber]

Hi everyone,

 

We're emigrating next year, approx 1st May... can't wait!

We're just starting to think about our finances and probably like a lot of people who do this kind of thing, we're confused!

 

I came across this website Prism Xpat | Pension & Finance Specialists for UK Emigrants, who claim to help you increase your wealth by up to 50% when emigrating?! Does anyone have any experience of this company, if so, are they worth contacting?

 

Ali

[xzibit]

Hi there!!

 

I have just one thing to say about this - if it sounds too good to be true, it probably is.

 

Good luck with your move!!

 

Leigh

[Guest Guest75]

Never heard of them myself.

If the claim was exactly true they would be the talk of the forums!

[Tamara (Homes Down Under)]

Hi Ali,

More Yorkshire migrants! Will there be any Yorkshire folk left soon?! (My OH is from Batley, West Yorkshire!).

 

I have always erred on the side of caution with financial matters. I do not have any knowledge of this company but there are plenty of schemes that cause plenty of heartache and financial loss. You may look at factors like the strength of the Oz Dollar, drop in UK property values and the need to establish a new life over here with all the financial implications attached...and then be influenced by something that looks like a good deal.

 

Take care.

 

Tamara

[Andrew from Vista Financial]

Hi everyone,

 

We're emigrating next year, approx 1st May... can't wait!

We're just starting to think about our finances and probably like a lot of people who do this kind of thing, we're confused!

 

I came across this website Prism Xpat | Pension & Finance Specialists for UK Emigrants, who claim to help you increase your wealth by up to 50% when emigrating?! Does anyone have any experience of this company, if so, are they worth contacting?

 

Ali

 

 

Hi

 

It can certainly be beneficial to take financial advice regarding UK assets such as pensions, investments etc etc.

 

I have looked at the link but cannot see the part regarding the 50% increase to wealth, however I would imagine that it would be along the lines of higher rate tax payers making a personal contribution to their uk personal pension scheme and receiving tax relief.

 

They would receive 20% at source ie pay 80GBP in a receive 100GBP as a gross payment and then claim a further 20% at the end of the tax year. http://www.hmrc.gov.uk/incometax/relief-pension.htm#1

 

Of course it sounds good in theory but 2 major disadvantages here. Firstly the money would be tied up until retirement and secondly in my experience most people migrating have not got surplus monies at the time to be able to make addiditonal pension contributions.

 

I would suggest that the line is being used as a hook for people to take notice of them so that they can win your business in other areas ie pension transfers life insurance etc.

 

 

p.s I have heard of prism expat, they are affiliated with a lot of migration companies and they are certainly not bogus, however I believe that for the most part there is nothing that cannot be dealt with in Australia regarding financial affairs.

 

 

Andy

[Guest guest3462]

I agree Tamara, we have been here almost 2 years and still have our pensions in the UK. Its just not worth it at the minute tho bring them over, we would about lose all of my pension earnings in the transfer rates! :-( Think seriously about it before you commit, cos its an awful lot of money and heartache if you get fleeced!

[Guest the garnetts]

hi i went to see them before we moved here 2 years ago, they charge an arm and a leg, much better to wait till here and see Andy Williams, see above post who is excellent and very patient

and we too originally from west Yorkshire

[Willber]

Thanks everyone, that's very useful. I think we're best to wait, afterall we may not like it and decide to come back! Doubt it tho

 

the garnetts, are you from Leeds?

[Guest the garnetts]

yes now in aldinga beach

[Willber]

yes now in aldinga beach

 

 

Oh, how long ago did you take the plunge? Do you like it?