Expert planning in wake of UK Budget
Nearly a month on from the UK’s Autumn Budget, what have the experts uncovered for financial planners going forward into 2018?
Budget
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Five Autumn Budget predictions
With chancellor Philip Hammond poised to release the government’s Autumn Budget on Wednesday, International Adviser has spoken to experts from Old Mutual Wealth, RSM, Mazars, Irwin Mitchell Private Wealth and Aegon to get their budget predictions.
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Tighter offshore trust and tax regulation in budget says RSM
A potentially misconceived public perception of offshore trusts and tax law is putting pressure on chancellor Philip Hammond to further tighten regulations in the upcoming UK budget, according to experts from consulting firm RSM.
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Hammond’s budget surplus dream in tatters after IFS kick
Philip Hammond needs to admit his promise to eradicate the UK’s budget deficit by the mid-2020s is “no longer sensible”, a report from the Institute of Fiscal Studies (IFS) has said.
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UK budget plan for ‘intergenerational fairness’ no quick fix
UK chancellor Philip Hammond’s plan to raid older workers pension relief and give young people tax breaks as part of an ‘intergenerational fairness’ agenda won’t be simple or quick to implement.
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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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Property, tax and IHT planning under the new UK non-doms regime
With changes to the UK non-domicile regime set to go live next month, Canada Life’s Neil Jones talks through what the reforms mean for property, taxation and IHT planning.
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UK tightens rules on tax avoidance promoters
The UK tax office has announced plans to close a loophole which had emerged enabling some individuals to circumvent the current Promoters of Tax Avoidance Schemes (POTAS) legislation.
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Surprise 25% Qrops charge rocks UK pension transfer market
The UK government’s shock decision to impose a 25% charge on transfers to foreign pension schemes announced in the Spring Budget could go as far as to “shut down” the Qrops market, according to industry observers.
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Expats in South Africa facing ‘turmoil’ ahead of tax hikes
Wealthy expats living in South Africa are set to be hit hard by sweeping tax increases set to be announced in the country’s budget later this month.
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UK scraps 70% ‘income for life’ rule for overseas pensions
The UK government has announced it will abolish a rule requiring recognised overseas pensions schemes (Rops) to earmark 70% of funds to provide members with an income for life, as further details emerge on HM Revenue & Custom’s overhaul of foreign pensions unveiled in this week’s Autumn Statement.
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UK announces sweeping reforms to Rops
The UK government has announced a major overhaul to the way recognised overseas pension schemes (Rops) are taxed, bringing the products in line with UK pensions.