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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...
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...
Having unexpectedly succeeded in winning the 2016 US Federal election, Donald Trump’s policy intentions and the way these are carried out will be a key determinant on how markets perform over time. Even if the equity markets perform well, your UK pension value could be...
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...
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...
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