Lifetime allowance – Individual Protection 2014 (IP 14) deadline 5 April 2017

“Fortunate, indeed, is the man who takes exactly the right measure of himself and holds a just balance between what he can acquire and what he can use.” These words, written by The eighteenth century English physician and educator Philip Latham, could just as easily have been written about trying to achieve the balance between spending happily in the present and saving prudently for retirement.

However, the question of how to do this effectively is not one that is easily answered. As it happens, too many retirement savers find that they either spend profligately in the present, thereby jeopardising their retirement lifestyle, or they prepare with too much caution, experiencing years of unnecessary frugality only to reach retirement with more money than they really need.

Representatives of UK nationals who are uncertain as to what to do with their expat regular savings assets have called on MPs to take urgent action so that they do not have to go through a period of extended limbo while waiting for Brexit negotiations to be finalised.

The list of concerns is becoming increasingly longer, particularly now that Prime Minister Theresa May has indicated that she may pursue a hard Brexit, with pension uprating, healthcare and expat regular savings at the forefront of the issues currently challenging British expats living in the European Union.