Financial Planning, Pensions, QROPS
UK Pension Freedom triggers 55% Tax
Transferring existing UK pensions into offshore schemes has become more and more popular for British Expats over the last few years, but new rules may have made the move less attractive. Pension freedoms, introduced from April 6th, mean that British savers who transfer their pension to Australia or New Zealand, for example, could face a shocking […]
Financial Planning, Retirement Planning
UK Pension Rule Changes
UK pension rule changes will have a big affect on expats retiring abroad, but not all is lost, as there are still options available. As you know, pensions in underfunded public schemes, such as teachers, police, NHS, and the military are now prevented from transferring their pension pots overseas. This means that anyone retiring abroad […]
British Pensions, Expat Retirement, Featured, Pension Planning, QROPS, Retire Overseas, Retirement Planning, SIPP
Financial Planning, Pensions, QROPS, Tax-free Growth
Changes to British Teachers’ Pension
In the UK, there will be changes to Teachers’ Pensions from 1 April 2015. Active members who have been building up benefits since joining, may now be wondering what will happen to them. The idea is that they will continue to be protected, and will remain in the final salary arrangements. However, it should be […]
British Pensions, Government Changes, Overseas Pension Schemes, QROPS, UK Pensions
Pensions Under Pressure Because of Slow Economic Growth
Faltering economic growth and low investment returns are increasing the pressure on pension systems in developed countries in a fresh warning from the Organisation for Economic Co-operation and Development. We already have a problem with an ageing population, but that is being compounded by low investment returns, which is in part, due to low interest […]
Interest Rates, Long term Savings, QROPS, Retirement Planning, UK, UK Pensions
Financial Planning, Pensions, QROPS
The end of public sector pension transfers
Pension transfers from public sector pension schemes will be banned forever in five months. This means that from April 2015 transfers will no longer be permitted from the following ‘unfunded’ public sector schemes: NHS Teachers Civil Service Police Armed Forces Fire fighters Pension members, who are thinking of moving abroad or who are already living […]
Army, Civil Service, Police, Public Sector Pensions, QROPS, Teachers, UK Pensions
Financial Planning, Pensions, QROPS, Retirement Planning, Tax Cut
UK Pension Update
A month ago the UK Chancellor, George Osborne, announced additional amendments to UK pension legislation to take effect from 6th April 2015. Whether you are living abroad, planning to live abroad or you intend to retire in the UK, you will feel the affects of these changes if you have a pension or pensions held […]
Pensions, QROPS, Retirement Planning, Tax Cuts, UK, UK Pensions
Financial Planning, Pensions, QROPS
Expat teachers make the most of QROPS (whilst it lasts)
Teachers from the UK are grabbing their final opportunity to transfer their pensions offshore before the door is permanently closed from April 2015. The public sector pension fund is severely depleted, threatening to shatter the retirement dreams of those who have worked at the forefront of British society for much of their lives. With the […]
