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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 Chancellor presented his first Spring statement to Parliament. Main highlights included: GDP growth is set to remain between 1.3% pa and 1.5% pa between now and 2022. UK public debt as a percentage of GDP is expected to fall over this same time from 85% to...
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 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...
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...
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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