Expat Network: 25 Years of Excellence Serving the Expatriate Community.

 

UK Expats: Beware The Pension Transfer Tax

A new overseas pension transfer tax could see the UK taxman take a quarter of expats’ transferred funds. Those thinking of moving UK pensions need to know the new rules. One of the few surprise announcements in the UK Spring Budget was the ‘Overseas Transfer Charge’ – an immediate tax on certain transfers to offshore pension schemes. According to J ...

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New Personal Pension For Expats In France

Expat financial advisory firm Alexander Beard Group (ABG) has launched a self-invested personal pension scheme (SIPP) in France for British expats with pensions left behind in the UK. The new scheme, €uvest, is designed for France-based Britons with no cross-border transfer options rather than qualifying recognised overseas pensions schemes (QROPS). Most UK pension providers are now refusing to tr ...

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Is Brexit An Expat Pensions Bonus?

With Brexit uncertainty and a range of options available, pensions can be a source of concern and confusion. For expats, however, there are opportunities on offer. Pensions are complex, yet often the cornerstone of a comfortable retirement. Today, with Brexit looming and more options than ever for what you can do with your funds, it is difficult to establish the best approach – there is no ‘one si ...

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Looking To Transfer Your Expat Pension?

Expats generally have the right to transfer their pension abroad into a qualifying scheme.  For some, the benefits of doing so are manifold.  However, there are risks, and it’s fair to say that you need to tread very carefully when considering all your options. By James McLeod, Head of Pensions at chartered financial planners AES International. The majority of British expats lose the right to bene ...

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Puzzles Over Expat Pension

I am unsure if my overseas pension (QROPS) is free from UK inheritance tax? It seems the case if you remain offshore, but is a bit grey if you come back to the UK – even after five years away. Stuart Ritchie, Chartered Financial Planner & Chartered Wealth Manager with expat financial advisers AES International, answered this question. I am unsure if my overseas pension (QROPS) is free fr ...

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Brexit And Expat Pensions

An area of concern for British expats is how the UK’s decision to leave the EU will affect their pensions. How could Brexit affect your state pension? And what about registered pension schemes and qualifying overseas pension schemes (QROPS)? By Jason Porter As with issues like residency and healthcare, the rights you have now should remain in place until the UK is officially no longer an EU member ...

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