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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Pension changes in 2015 – Unintended consequences or a lack of foresight?

There’s nothing a politician loves more than to surprise the electorate with ‘good news’. We’ve become accustomed to so much bad financial press over the last few years that anything appearing to be good news tends to lift the spirits of grass-roots supporters and suppresses criticism from the opposition. Pension changes in 2015 The new… Read more »

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