CFS Financial Consultants deal extensively with expatriate contractors in many countries around the world.

Unlike other overseas workers, contractors naturally feel uncomfortable embarking upon any long-term savings or pensions strategy. This is largely due to the fact that earnings can fluctuate and a degree of uncertainty exists where you may be required to undertake contracts in many different countries, often with many different employers.

This situation can lead to lack of a cohesive financial planning structure which often results in failure to take advantage of your current situation (i.e. the fact that you are often enjoying very high levels of disposable income) and missing out on the longer term benefits which are available through more traditional offshore pension arrangements.

This is why we can offer you an offshore pension fund, which frees you from the constraints usually imposed by companies offering more restrictive pension plans. In fact our offshore contractors pension plan can give you:-

• The freedom to choose how and when to contribute to your pension.
• The flexibility to suspend contributions at any time (without penalties).
• The ability to take your pension with you from country to country.
• Access to your capital in a lump sum format, or as an income before your retirement date.
• Professional asset management from a leading international investment house.

As stated above to assist contract workers in meeting their long-term objectives without creating any long-term commitments, we specifically utilize offshore pensions and investment products that are not contractual in nature. This allows us to tailor your contribution levels and savings term to suit your current contract status, with the added benefit that your contribution levels can be altered (either upwards, downwards or even ceased altogether) or the savings term extended each time you move contract. Additionally, as a contractor you may also need to pay more attention to other areas such as Income Protection (i.e. insuring your income stream against the impact or sickness or injury) and other protection over-riders such as Medical Insurance and Death / Critical Illness benefits, as these are often not provided to you as part of your employment package. For further details on services we offer for contractors, please click here to contact us.