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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Spanish Wealth Tax has finally been rescinded with effect from 2009.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 [...]
Spain tax office wants Gibraltar blacklisted
Spain is due to ask the OECD to return Gibraltar to a blacklist of tax havens that refuse to cooperate in fighting money laundering.
QROPS Press Release
The UK Inland Revenue has given Britons living abroad an unexpected bonus. For those who intend to remain permanently abroad it is now quite simple to transfer their UK pensions to more tax friendly jurisdictions via a Qualifying Recognised Overseas Pension Scheme (QROPS).
After a qualifying period individuals can access their funds in their entirety [...]
Pensions For Beginners: Part Two
In Part One, I explained what a pension is, the pros and cons of having one, and what the main alternatives to a pension are.
I’m now going to outline the different types of pension you can get, so you get a clearer idea of what your options are.
Widows limits pensions exodus
Scottish Widows has become the latest fund manager to be forced to close the door to investors in its £2.1bn property pension funds.
