Good News for British Expats: New Pension Dashboard to Track Lost Pensions
Track your Lost Pensions and don’t Miss out It is believed that a British person has an average of eleven employers throughout their life. As a result you probably have several different pension schemes by the time you retire. If you have moved abroad becoming an expat, then pension schemes that go back decades are […]
How to Finance Sending your Child to the Best University as an Expat
UAE Parents Accumulating Massive Debts to fund the Best Education for their Children A new survey released by HSBC reveals the true cost of a university education, and that UAE parents were spending 140% more on education than the global average. According to the survey, UAE parents spend on average $18,260 USD compared to $7,631 […]
Should I transfer out of my Defined Benefit Pension Scheme?
The Positives and Negatives of Switching to a Defined Contribution Pension Scheme Although the Pensions Regulator and the Financial Conduct Authority are strong advocates of defined benefit (DB) pension schemes there are increasingly strong arguments to switch to a defined contribution (DC) pension scheme. The issues surrounding switching from one to another are far reaching […]
New Survey Reveals UK Citizens Pessimistic about Retiring on £21k a year
Workers in the UK’s biggest cities are pessimistic about retiring on £21k per year; a new survey by Prudential has shown. Taken as an average only 36% believe they will have a comfortable retirement and those surveyed on average believe a figure of £21,120 per year will be needed to achieve a good retirement. Londoners […]
QPROPS Tax Changes to your Expat Pension 2017
The 2017 UK budget has seen plenty of tax controversy and pensions, like self employment, did not escape tax invasions. Qualified recognised overseas pension schemes, or QPROPS as it is better known, has arguably been completely overhauled with a 25% tax levied on transfers to QPROPS if you are: In a different country to your […]
Home Ownership set to Plummet According to Leading Economist
A Whole Generation of People will be locked out of the Home Ownership Leading economist David Mills has said that UK home ownership will dwindle over the coming years. His fears are born out of rising unaffordable housing values, wages which have failed to keep pace with rising house prices, together with rising rental costs […]
Will the New South African Tax Bracket Impact your Wealth Management Plans?
Following the recent South African budget address given by Finance Minister Pravin Gordhan, it is clear that higher earners will be affected. The new tax laws which come into effect on the 1st March 2017, see a 45% tax bracket introduced if you earn more than R 1,500 001. This will push up your personal […]
FTSE 100 Firms Pension Deficit Soars
According to LCP FTSE 100 Firms Pension Deficit Increases Considerably in the last Twelve Months In its annual report, LCP has highlighted that pension deficits among FTSE 100 firms have increased over the last year. As of the end of July, the deficit had reached the figure of £45 billion. A £ 21 billion increase […]
Watch out for the Inheritance Tax Trap
£4.7 Billion in Inhertiance Tax Paid by UK Home Owners in the Last Twelve Months Inheritance tax payments are rising fast. Last year UK home onwers paid out £4.7bn in inheritance tax payments, a 22% increase on the year before and the highest on record. Most of the tax was due to the rise in […]
How much do you need to save to become a Millionaire before you retire?
Starting Early is Key One of the most used features of the Mail Online is the millionaire calculator. You put in how much you’re investing towards your retirement, and it tells you how long it will take for your investment to reach the magic million. It is not 100% accurate as it doesn’t account for […]