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...]

Don’t Read Too Much Into Our Forecasts, Says Watchdog

Britain’s newest financial navel gazer is urging politicians and businesses not to make important decisions based on economic forecasts as they are rarely accurate. Although Sir Charlie Bean is taking over one of the top jobs at the independent Office of Budget Responsibility (OBR), he claims predicting the future comes with a ‘wide range of … [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...]

Expat Guide To Switching A Pension To A QROPS

Switching a pension from the UK offshore to a Qualifying Recognised Overseas Pension Scheme (QROPS) can make financial sense for expats. QROPS are well-known for their tax and investment incentives for expats, but sourcing the right pension and organising the transfer are tasks for specialist advisers. With more than 1,200 QROPS available in … [Read more...]

Why Expats Should Move Final Salary Pensions To QROPS

Expats could rearrange their finances and become instantly better off if they made some sensible financial decisions. Saving tax and other charges is not about being wealthy, but being sensible with whatever money you have. First look at income tax. Anyone with a UK pension gets 25% from their pot tax-free and tax is taken from the rest … [Read more...]