How best to advise an expat returning home to retire
The following case study focuses on a familiar scenario and highlights the importance of international financial advice when moving to and from your home country.
Tax & Technical
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Good practice guide to income drawdown, Part 2
This is part 2 or a two-part CPD article about income drawdown. In 2015 the introduction of ‘pension freedoms’ was a game changer for the retirement income market, moving existing pension savings from a source of income in retirement to a financial planning vehicle, says Keith Richards, chief executive officer at the Personal Finance Society.…
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Good practice guide to income drawdown, Part 1
Understand the risks with choosing income drawdown, how advisers can add value to retirement plans
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Is Mifid II working?
Mifid II has proved every bit as problematic as we feared. The development budget consumed across providers, advisers and discretionary fund managers (DFMs) in the lead-up to launch amounts to more millions than anyone cares to add up. And the spending hasn’t stopped.
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WHAT YOU NEED TO KNOW ABOUT OFFSHORE BONDS
Personalised portfolio bonds (PPBs), often promoted simply as offshore bonds, have a place in the toolkit of all IFAs providing advice to expats that need to move from country to country, and who require a wide range of investments and various tax benefits. While financial planners should never put themselves forward as tax advisers, deferred…
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What advisers need to know about extradition
To properly advise clients, it is important for any international financial adviser to be aware of legal systems that can reach across borders. Today, many legal tools exist that are specially tailored to resolving disputes, including those overseas. Two such tools are Interpol’s ‘Red Notice’ system and European arrest warrants (EAW). This article is aimed…
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UK launches inquiry into taxation of trusts
HMRC is seeking views and evidence on whether the current regime is transparent, fair and simple
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UK hikes ‘death taxes’ with new probate system
Probate fees capped at 0.5% and threshold raised to £50,000, however, industry remains sceptical
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THE PROS AND CONS OF QNUPS
Since HM Revenue & Customs (HMRC) introduced the Qualifying Non-UK Pension Scheme (Qnups) in 2010, there has been much interest but little uptake of these as standalone pensions. Initially, Qnups were regarded as inheritance tax (IHT) planning vehicles. However, the primary purpose must be to provide retirement benefits. The limitations on how these benefits can…
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Crown dependencies to comply with EU tax regulation
Guernsey and Isle of Man join Jersey to avoid EU tax haven blacklist
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Jersey drafts law to avoid EU tax haven blacklist
Companies based in the jurisdiction will face an economic substance test
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Budget 2018: predictions, hopes and fears
With the Budget only a few days away, industry experts share their views on what to expect