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Retirement in Stages

We believe its important to assess each stage of retirement in detail, and develop a specific strategy for each one.

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Pre- Retirement

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Initial Retirement

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Seasoned Retirement

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Mature Retirement

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Late Retirement

Retirement Planning

Our belief is that after a lifetime of work and commitment, everyone should look forward to a smooth and carefree retirement.  

Whether you are a young professional seeking to take the first steps towards retirement on a long time horizon, or further ahead in your career and seeking to complement your existing plan, we can help you take the next step forward in your path.  

In the busy nature of day-to-day life, it’s easy to lose track of where you are in your own retirement journey. Today we are fortunate to experience longer lives, due to increasingly higher quality healthcare services and new scientific breakthroughs. At the same time, governments and employers around the world are beginning to give individuals more control and responsibility over their wealth and retirement plans.

While we enjoy the privilege of more time to spend with friends and family, its also important to consider that a longer retirement will require more wealth to support it. Melbourne Capital Group ensure our clients have a retirement roadmap in place, which sets out achievable goals, key objectives, and importantly a personalised strategy - to ensure a fruitful and peaceful retirement.

Building Towards Retirement

For individuals and families who are building their wealth towards retirement, we specialise in creating a strategy for income generation and wealth accumulation in line with your intended retirement.

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Managing Existing Wealth

For individuals and families which hold existing wealth, we focus on creating a strategy to engage your wealth to support your lifestyle, while preparing to pass it to the next generation.

Secure your Legacy now
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Case Study

Geoff & Carol

Age:58, 57

Profession:
Quantity Surveyor retiring at 60, retiring at 59. 

Goal:
Retire comfortably in Malaysia while minimising U.K. Inheritance Tax liability. 

Background:
Geoff and Carol, both British expats, have been residing in Malaysia for more than ten years. It is important to note that Carol is non-U.K. domiciled. They own a property portfolio in the U.K., but managing them from overseas has become overwhelming. With rents remaining unchanged for nearly a decade, they are hesitant to initiate uncomfortable discussions with their tenants regarding rental increases, as they prefer to keep to themselves. Apart from their property holdings, their savings are predominantly in cash, along with some long-abandoned U.K. pensions.

Frequently Asked Questions:

middle-aged couple melbourne capital group planning retirement
  • Do we have enough to retire and have the life that we want?
  • Is it possible to consolidate our U.K. pensions or cash them all out?
  • Are we able to get Private Medical Insurance at our age?
  • We want to reduce the burden of managing our U.K. properties but aren’t sure of what to do with the     proceeds and the tax consequences of doing so?
  • If something happens to one of us, we want the other to have access to all funds without a problem and then     the ultimate beneficiaries be our nephews.
Our Approach:
Melbourne Capital Group conducts a thorough fact-find to gather all necessary financial information about Geoff and Carol. We use this information to develop a financial plan that includes forecasting their income and expenditure until age 100, identifying potential shortfalls, and recommending changes to their overall financial position. This includes investment strategy, asset allocation, risk management, and tax planning, taking into account their retirement goals.

We periodically repeat these exercises to ensure their financial plan aligns with their changing goals and objectives.

The Results:
We advised Carol and Geoff to get international inpatient-only medical insurance for comprehensive coverage while traveling. We consolidated their U.K. pensions into Self-Invested Personal Pensions (SIPPs) to simplify their retirement planning and investment management. We helped them establish a flexible, low-cost platform to manage their cash savings. To increase rental yields, they can explore raising rents on some remaining properties. We also recommended liquidating some properties over several tax years to reduce U.K. Capital Gains Tax. They can draw from the flexible platform first for immediate funds, followed by drawing from the SIPPs and Excluded Property Trust, with Carol as Settlor and Geoff as Trustee. The beneficiaries can be each other and their nephews. The latter of the two income sources are subject to certain tax rules and can take longer to access.

By following this strategy, they can optimise their retirement income and minimise their tax liabilities.

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