FAQ: Where to Include a Foreign Government Pension/Accounts?

As a general rule, Adviice does not support the complexities of cross border planning, if you have multiple citizenships or foreign accounts we recommend you work with a financial planner with cross border specialties.

Foreign Pensions:

If you would like to include a foreign pension on the platform, the best method is to add this income as 'Other Taxable Income' in the Income Section of the Discovery Phase. If this income source is not indexed to inflation this can be entered manually as an override in the Projections Section of the Planning Phase.

Using the Discovery Phase:

Adding Manual Income:

Foreign Accounts:

In specific cases another registered account can be used as a proxy for your foreign account. This is dependant on it's tax treatment.

This is not recommended as the proxy account will not capture any tax nuance or differences between accounts.

The other option is to manually add Taxable or Non-Taxable income (depending on the source) from this account in the same way shown in the previous section. With this method the asset will not be included in net worth, but the income will be included in your projections.