Summary of UK Legislation changes and QROPS

Sandy King
QROPS

In December 2014 HMRC issued draft legislation which intended to permit overseas schemes to offer the same pension flexibility as the UK with effect from 6th April 2015. The UK changes were encapsulated in the Taxation of Pensions Act 2014 which became law in December 2014. For more information and a Summary of the UK… continue reading »

Lifetime Allowance Cut AGAIN To £1million

Sandy King
Uncategorized

For the third time under the Coalition Government the Lifetime Pension savings will be trimmed, the Chancellor George Osborne confirmed.  Where will this end? For the third time under the Coalition Government the Lifetime Allowance for pension savings is to be reduced, the Chancellor George Osborne confirmed in his 2015 Budget. The allowance will fall… continue reading »

Pension Fears

Sandy King
QROPS

With a ban on transfers looming, coupled with concerns over political instability, expats-to-be have been urged to seek advice. Time is running out for public sector workers – such as soldiers, doctors and nurses – in unfunded defined benefit pension (DB) schemes who may wish to transfer their pension overseas when they retire. Changes to… continue reading »