Archive for May, 2008
Brits Go Abroad For A Better Pension
Brits Go Abroad For A Better Pension: “Expats can now take funds with them and never buy an annuity thanks to new rules on overseas pensions.”
(Via
Homes Worldwide - Latest Property & Travel News.)
Spanish Wealth Tax Abolished
You will be pleased to learn that following all of the rumours,
Spanish Wealth Tax has finally been rescinded with effect from 2009.
Whilst because of the allowances available this affected non residents more than residents it is none the less a welcome move.
This also means that non resident owners who did not like to sort [...]
Double Taxation For Isle Of Man QROPS
We have discovered that investors who take out an Isle of Man-based QROPS with a view to reducing inheritance tax by up to 70% on death may have to pay two lots of income tax on their pension withdrawals.
Under current legislation, scheme members could be subject to an 18% tax charge on withdrawals, in [...]
