'Expat pensions offer flexibility'

Expats making regular international money transfers to an overseas pension may find these schemes off more flexibility, according to a financial advisor.

Shelter Offshore recently encouraged Britons who have moved abroad to plan for their retirement.

The finance expert explained that paying contributions into an overseas pension may allow expats to have greater control over their money transfers than UK-based accounts.

For example, expats tend to be offered more flexibility regarding the yearly amount they pay into offshore schemes.

In addition, international pensions often allow account holders more choice when deciding how they receive their payments.

"You are in a unique position as an expat and you do have many financial advantages," said the financial advisor.

"Offshore pension schemes and retirement-suitable savings schemes are far, far more flexible."

The Telegraph recently urged potential expats to take out Individual Savings Accounts before moving abroad.

Click here to make an International Money Transfer.

By Linsey Summers.