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In a world of ever-increasing global mobility, investment goals and retirement policies of several who have moved to work overseas from the UK are under increased focus. With people moving around the world for work and settling down in new countries, there is a requirement...
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 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...
Moving to Australia? This April 2017, we will be participating in an event with Ian Harrop and Associates for those who are looking to migrate to Australia. Join the seminar and meet with migration experts who can assist you with your migration journey! This event will...
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 recent late 2016 Autumn statement released by the HMRC, changes were outlined to the way QROPS are designed to work. Whilst not yet law, these changes are expected to be introduced (possibly in a slightly modified form) in April 2017. Some of the...
The HMRC has removed all but three Canadian QROPS schemes from its registered list. This move follows a similar step undertaken in various other countries (e.g. Australia) last year. The net impact of this announcement will catch many people out who were in the midst...
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...
Reminder - Did you know that a short visit back to the UK can deem you to be UK tax resident? You have left the UK and are enjoying life abroad. You may have some family or friends in the UK and are planning the odd...
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