Archive for Category: Uncategorized

Lifetime Allowance (LTA) Tax charges and Levels of Protection available.

Background The lifetime allowance tax was introduced in 2006 at a level of £1.5 million. It then increased each year to 2010,when it reached a level of £1.8 million. Since 2010, there have been a number of pension reforms which have led to the lifetime allowance being reduced. Its current level in the...

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What is UK Inheritance tax?

In the United Kingdom, Inheritance Tax as we now know it was introduced in the Inheritance Tax Act 1984 and is still mostly governed by the legislation today. UK Inheritance Tax is a tax on UK Domiciled Individuals on their worldwide estate (their property, money and possessions) when they...

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What is the 10 year tax rule?

The 10 year tax rule is a tax incentive that can benefit Australians and those who are planning on relocating to Australia. The rule states that an investment that is held for ten years can be withdrawn tax free so long as: A. The investment is held within a...

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Why are expat mortgages now harder to come by?

New rules that were introduced in 2014 made things tricky for all potential borrowers whose income and expenditure had to be evidenced after this time. For expats things are tougher still. Following European rules introduced in 2016, individuals paid in a foreign currency must now come under closer scrutiny during...

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British pensioners retiring to Europe could face £10bn being wiped from pension pots due to currency fluctuations

Extensive analysis conducted over twelve years by financial advisory consultancy; Hoxton Capital Management has found the average pension pot of over-65s living abroad has reached £210,000.  However, the company’s analysis has also identified that in volatile years, currency market fluctuations removed as much as 20% from British pensioners’ spending power. Based...

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