Sports stars to get £100,000 tax free as testimonial income
Retiring sports stars look set to receive a boost under proposals to double the tax free earnings threshold for testimonials.
Tax & Technical
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Guernsey fiduciary strikes UAE strategic partnership
Louvre Group has formed a strategic alliance with M/HQ Dubai to enhance its specialist fiduciary services offering from the United Arab Emirates.
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The quest for the holy grail of financial literacy
Seven Investment Management’s Justin Urquhart-Stewart is on a personal crusade to promote financial literacy. He sees parallels between financial professionals use of jargon and the perception in schools that maths is hard. He argues they fuel an unjustified mystique around aspects of financial planning, which is driving clients away. Here are his four bugbears:
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IoM pension firm launches cryptocurrency services
Isle of Man-based corporate and pension service provider Optimus is to offer crypto-currency, block chain and Initial Coin Offering (ICO) services.
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Top tips and case study planning with offshore bonds
Offshore bonds have many benefits beyond the more obvious taxation advantages, according to Rachael Griffin, financial planning expert at Old Mutual Wealth.
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Luxembourg’s ‘provocative’ Brexit solution for financial services
In a speech examining the impact of Brexit on European Financial Centres Luxembourg finance minister Pierre Gramegna says the UK has five Brexit options to choose from.
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Guernsey set to cut tax on mansions over £1.5m
Guernsey looks set to make itself more attractive to high net worth expats with the adoption of a tax cut on open market property worth at least £1.5m ($1.98m €1.7m).
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Cayman Islands offers trust alternative
The Cayman Islands have introduced a “unique” law that allows a company to function with the tax benefits of a common-law trust, which could prove an attractive alternative to trusts for private clients.
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Six expert UK budget predictions
Experts from Old Mutual Wealth and Quilter Cheviot give their budget predictions ahead of 22 November.
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‘Outdated’ EU directive will swamp advisers warns expert
International financial adviser Mazars has warned the ‘laudable’ intent of the incoming Insurance Distribution Directive (IDD) could be lost under the burden of regulation which is already out of date.
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StanChart in $1.4bn suspect transfer probe
Standard Chartered is under investigation in Guernsey and Singapore over a $1.4bn (£1.07bn €1.2bn) transfer of funds.
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Hong Kong fund industry tax concerns under review
The Hong Kong Government will be conducting a comprehensive review of the existing tax concessions applicable to the fund industry, according to Paul Chan, Hong Kong’s financial secretary.