Lifetime Allowance: £1.25 million doesn’t go as far as it used to!

Lifetime allowance gets squeezed again! The recent UK budget was the usual mish-mash of the Chancellor giving with one hand and taking back with the other. The perceived success of a budget often revolves around who spots which measures and how they are subsequently affected. So, if a tax ‘giveaway’ such as the increase in… Read more »

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Offshore accounts – Is tax avoidance legal?

The media has been buzzing recently with revelations about how HSBC have assisted prominent members of the business community, high society acolytes and politicians with their personal tax affairs. Allegations and counter-allegations dominate Prime Minister’s Question Time in parliament with both sides accusing each other of encouraging evasion. The question of what is evasion and… Read more »

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Tips on how to transfer funds abroad

No such thing as a free lunch, or is there? From time to time we all find ourselves having to transfer funds abroad. I myself had to transfer a fairly modest amount recently and decided to check the many specialist currency exchange companies to see if I could better the rate quoted to me from… Read more »

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Latest developments in QROPS legislation

Nothing seems to stand still in the world of UK pension legislation. The new flexible pension regime announced in the 2014 Budget has had a ‘knock-on’ effect on another area of the UK pension industry i.e. Qualifying Recognised Overseas Pension Schemes otherwise known as QROPS. There are an estimated 5.5 million British people living overseas…. Read more »

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