“When you travel, remember that a foreign country is not designed to make you comfortable. It is designed to make its own people comfortable.”Clifton Fadiman
Whether you have moved to Ireland from somewhere else or have returned to Ireland after a period of living abroad, you will have relationships with two tax regimes, two pension systems and, possibly, two currencies.
Living abroad doesn’t automatically bring an end to your financial relationship with your former country of residence. There are many potential matters you may still have to deal with such as tax returns, monitoring/managing pension and investments assets and transferring money.
Because of this, it’s imperative to get all your ducks in a row to ensure you minimize costs and avoid possible penalties. Pensions transfers, tax status, currency fluctuation, living costs, health insurance, treaty agreements. – these are just some of the many factors to that may apply to you.
The core of our Imperius Wealth team have lived and worked abroad for extended periods and have personally experienced what you are facing. This means we are uniquely positioned to understand and help you optimize your situation and deal with any cross-border financial ties.