The UK Autumn budget was presented by Philip Hammond on the 29th of October 2018. In a welcome change, there were no significant announcements that directly impacted on the structure of pensions in the UK for UK nationals or UK emigrants. The main items of note relating...

The Australian Federal Budget was handed down on 8th May 2018. With the next Australian federal election due to be held within the next 12 months, many are seeing this as an ‘election budget’. It should be noted that the measures outlined are subject to being...

The UK’s Autumn budget was released by the Chancellor Philip Hammond on 22nd November 2017. In a pleasant surprise, there were no major announcements which significantly impact on UK pensions. The main points of note included: - An increase in the UK personal allowance to £11,850 from 6 April...

The UK Spring Budget introduced yesterday by Phillip Hammond, has outlined significant changes to the QROPS market. The main changes were unexpected and need to be carefully considered by those with UK pensions who plan to emigrate, or have moved to live abroad and wish...

A combination of positive comments from the Governor of the Bank of England, Mark Carney, and a recent uptick in UK inflation has led to extra speculation in the UK that interest rates may rise sooner than later. This is set to have an impact...

The Australian Government has now finalised some of the changes introduced in the May 2016 Australian budget. These include the following: - The work test will remain for over 65s in order to make non-concessional contributions into Australian superannuation; - The non-concessional contribution limit to be reduced from...

In the Autumn statement released on 23rd November 2016, Phillip Hammond outlined possible changes to the QROPS environment, as follows: ‘Foreign pensions – The tax treatment of foreign pensions will be more closely aligned with the UK’s domestic pension tax regime by bringing foreign pensions and...