September 2016 - PX Pension Exchange

28 Sep Australian govt scraps unpopular plans for ‘lifetime cap’

Posted at 12:42h in Media

Australian prime minister Malcolm Turnbull has scrapped controversial plans for an A$500,000 lifetime non-concessional cap on workers’ superannuation contributions – which would have been back-dated to 1 July 2007, and would have included transfers from the UK – in favour of a compromise arrangement. The...

28 Sep Pension reforms

Posted at 12:40h in Media

If you have a UK pension fund, you are likely to be impacted by reforms as an emigrant to Australia. The latest reforms were announced by the Australian Treasurer Scott Morrison in May’s Australian federal budget. Whilst some of the reforms are yet to be...

16 Sep International Investment Magazine: Prism Xpat – Building Bridges for Expats Between the UK and Oz

Posted at 10:14h in Articles, Blog

International Investment magazine profiled Prism Xpat and its CEO as the feature of its October 2016 edition. Britons emigrating to Australia don’t always realise it, but before heading for the airport they need to do more than simply buy a one-way ticket to Sydney, and a...

15 Sep Australian Government Scraps $500,000 Lifetime Non-Concessional Contribution Cap

Posted at 21:09h in Blog

The Australian Government has today outlined changes to the Australian superannuation proposals which had been included the May 2016 Federal Budget. The proposed lifetime cap of $500,000 on non- concessional contributions (which includes pension transfers from the UK) had been the subject of much contention...

15 Sep Australia scraps A$500k lifetime superannuation cap

Posted at 12:54h in Media

The Australian government has scrapped plans to introduce a controversial A$500,000 (£286,598, $383,675, €341,174) lifetime cap curbing the amount people can save into their pensions. Treasurer Scott Morrison confirmed the U-turn on the proposed limit, which would have applied to after tax or non-concessional contributions...