Retirement
Retirement | 20 Nov 14
Pension abusers could face 300 fine
A fine of £300 could be imposed on those who deliberately abuse the new pension tax rules.
Retirement | 14 Nov 14
Have pension will travel
Expatriates looking for greater income freedom and estate-planning options for their UK pension savings will no longer need to transfer to a qualifying recognised overseas pension scheme (QROPS) and wait for 10 years. These freedoms will be available back home within six months without having to transfer overseas.
Retirement | 7 Nov 14
Pension inheritors escape 55 death tax
Pension assets being passed on after death will not be subject to the 55% “death tax” from 6 April next year, following further pension amendments from the UK government.
Retirement | 6 Nov 14
Reforms lead UK clients to prioritise
Next years pension reforms have led UK clients to prioritise the importance of their retirement planning, says Canada Life.
Retirement | 23 Oct 14
QROPS to receive same flexibility as UK pensions
The Taxation of Pensions Bill, debated in Parliament last week, will ensure additional benefits available on UK registered pension schemes will be open to QROPS, contrary to some early interpretation.