Who is liable to pay UK Inheritance Tax?
For people with a British Domicile, Inheritance Tax is a major financial planning consideration. However, for expatriate Brits, there is often confusion on the topic as to whether their overseas residency status makes them exempt. This article seeks to dispel some of the confusion on the topic by looking at who is required to pay…Continue reading
How to create a retirement plan in 15 minutes
Retirement planning is something that everyone needs to do at some point. The earlier you can start the planning, the better your chances of achieving financial security for yourself and your family. To plan for retirement properly you will need to invest more than 15 minutes. However, this blog will outline the basic framework of…Continue reading
Do You Need a Will in the UAE?
Non-Muslim expats living in the UAE are likely to have wills drafted in their home country, to distribute their assets accordingly if the worst comes to worst. However, it is so important to take account of the fact that in the UAE, these home-country wills may not apply to your UAE assets, while Sharia law…Continue reading
How Do I Prevent Losing Money on my Savings?
In the post-2008, low interest rate environment that most of the developed world is experiencing, it can prove more of a challenge to maintain the value of your savings. While they are safe assets and widely used, deposit accounts or government bonds do not provide competitive returns and, in some cases, hold negative real interest…Continue reading
How to transfer UK pension to an Australian super
Thinking about moving your UK pension to an Australian Super? Here are some information points you should be considering. Why? Chance to spend retirement in Australia. Tax-free pension transfer. Tax-free paid-out benefits after 60. Flexibility in investments and drawdown. How? In 3 simple steps! Choose a QROPS. Consult a pension transfer service provider to help…Continue reading
Are You Fully Aware of the Tax Implications on Your UK Pension?
Back in 2015, the government introduced the pension freedoms act. Research by Old Mutual has shown that in the first two months, a staggering £72.8m in tax was generated due to these freedoms. This is equivalent to an annual tax boost of nearly half a billion pounds, significantly higher than expected. It was originally feared…Continue reading