Private School Fees In A Class Of Their Own

Britain's private school fees are racing up at almost four times the rate of inflation and average earnings. Expats with children receiving a private education have seen the cost spiral by 21% in five years. Someone on an average UK gross salary of £35,148 a year needs to hand over 39% of their earnings to pay the day fees of £13,000 for one … [Read more...]

War Of Words As US And Turkey Suspend Visas

US Secretary of State Rex Tillerson may have praised Turkey as a partner of America in the fight against terror but his words do not seem to reflect the true nature of the relationship between the countries. Turkey is a key member of NATO, sitting strategically facing Russia across the Black Sea, having borders with the former Soviet empire … [Read more...]

SIPPs For Expats Explained

SIPPs are ideal for expats away from the UK for a year or two who want to carry on retirement saving with all the tax advantages of staying at home. An important rule about SIPPs is pension savers do not have to stay in Britain to gain all the benefits of a UK pension – they must retain residence. Residence is a matter of fact, not choice, … [Read more...]

Move To Make QROPS Transfers Easier For Expats

The British government suspects strict rules about transferring pensions worth more than £30,000 to a Qualifying Recognised Overseas Pension Scheme (QROPS) are putting some expats at a financial disadvantage. The Department of Work and Pensions is considering whether to scrap the need for expats to seek advice from an adviser regulated in the UK … [Read more...]

Gold-Plated Pensions Tarnished By Failure

History is littered with stories of the rise and fall of civilisations but we do not expect to apply these lessons to our own lives. As proud empires return to dust, we should expect the same from our biggest businesses. The brands that dominated their markets a century ago are no longer remembered and those on everyone’s lips today will … [Read more...]

New Visa Rules For Expats Working In China

The Chinese government is readying a new visa system for expats from November 1. The three-tier process will be trialled in the capital Beijing, Tianjin and Shanghai; the provinces of Hebei, Anhui, Shandong, Guangdong, Sichuan and the Ningxia Hui Autonomous Region. If the trial is successful, the visas will roll out to the rest of the country … [Read more...]

HMRC Wants To Cut Red-Tape For Investment Tax Breaks

Investors may find staking money into start-up and early stage businesses easier as the government looks at streamlining granting permission for companies to join tax incentive schemes. HM Revenue and Customs (HMRC) is overwhelmed by floods of applications to raise funding, which have tripled in the past four years. Entrepreneurs must have HMRC … [Read more...]

Does Your KiwiSaver QROPS Invest In Weapons?

A public outcry has broken out in New Zealand after revelations that Kiwisaver pension funds were breaking laws by investing in arms companies. KiwiSaver pensions are forbidden by law from backing firms that make weapons. Over the years, many of these KiwiSaver pensions have taken in expat pension transfers from the UK as Qualifying … [Read more...]

Company Pension Solutions All Mean Savers Taking A Hit

Companies are looking for solutions to plugging their £459 billion pension black holes, but whatever way they decide to go, retirement savers will lose. Direct benefit or final salary pension schemes offer savers a guaranteed pension rising in line with the cost of living for life. The trouble is these pensions have become too expensive for … [Read more...]

What will a Brexit vote really mean for your pension?

Trying to figure out how Britain leaving the European Union will affect pensions is one of the referendum issues for retirement savers. Both the Leave and remain campaigners have tried to paint the answer in black and white. Both sides seem to agree a Brexit would probably lead to a much weaker pound that will trigger both higher interest … [Read more...]