Transfer Money When Retiring Overseas
Clear Currency provides clients with financial clarity when retiring overseas:
- We will assign you a dedicated account manager who will guide you through the international payment process.
- We can help you mitigate the impact of currency risk on your money - which has to move with you.
- We can help you protect the cost of your international payments when you’ve made your move and need to send money back home.
Don’t let currency risk derail your plans
Retiring abroad can expose your finances to currency risk - from causing the price of your dream home to disappear out of reach to eroding the value of your pension. We recognise that it’s impossible to accurately predict how exchange rates will perform and therefore it’s prudent to plan for all eventualities.
Know what you’re paying in advance by fixing the rate
We will assign you a dedicated currency specialist who can help you mitigate the impact of currency risk on your international payments by using a forward contract. This will allow you to fix an exchange rate for a date in the future - and relax, knowing everything is taken care of.
Know the exchange rate you want? We can help you target it
Your account manager can help you target a specific rate of exchange above the current market level using a limit order. If the market reaches that rate, you will automatically purchase your currency. Limit orders are particularly useful if you need to make an international payment but are not bound by tight deadlines.
Retiring Overseas: A Guide To Foreign Exchange
You’ve done the hard work and now it’s time to live the dream. Living out your retirement abroad is a popular choice for Brits – of the estimated 1.3 million British expats living in Europe, around 200,000 to 250,000 are retired.
Send Money Abroad
We offer fast, competitive and bank-beating exchange rates based on the mid-market rate between two currencies, saving you money.