No American QROPS – You can still transfer UK Pensions

Posted on 31st August 2018 in Advice

Are you aware that HMRC has cut all American QROPS? From the 9th March 2017, the Chancellor of the Exchequer announced in his annual budget the introduction of an Overseas Transfer Charge (OTC). The OTC is, in essence, a 25% tax on any pension transfer to a QROPS for those that reside outside of the EEA […]

What impact does the 720 Modelo have on my pension?

Posted on 6th April 2018 in Advice

720 Modelo and my pension Before answering ‘what impact does the 720 Modelo have on my pension’ we are best off breaking it down. Many of our clients know about the 720 Modelo but are unsure the exact details and associated implications. So…… What is the 720 Modelo? Brought in under new legislation in 2012 […]

Looking to export? You may need to spend time living abroad

Posted on 1st September 2017 in Advice

There’s thousands of opportunities out there, it’s your job to find them and conquer them. UK business owners are currently going through a period of great uncertainty. With the economy going through something of a rough patch, and Brexit ambiguity a constant shadow hovering above us, many businesses are more concerned with staying afloat than […]

401k Roth IRA Rollover Rules

Posted on 27th March 2017 in Advice

US Expat moved offshore and still have a 401k based in the US? Already a US expat living offshore and have 401K or Roth IRA. The process of rolling over or transferring your current 401K scheme is now relatively easy with most providers. With offshore scheme provider’s available you can still invest within the US […]

What did the Spring Budget mean for QROPS?

Posted on 23rd March 2017 in Financial Advice

Spring Budget  The Spring Budget has brought changes to ‘Qualifying Overseas Pension Schemes (QROPS) . Which will affect expats who want to transfer their pensions outside the EU, New Zealand and Australia. In a policy expected to net the treasury £65 million in 2017/2018, transfers of pensions will now be subject to a 25% tax. […]

5 financial tips for British retiring abroad

Posted on 23rd March 2017 in Advice

British retiring abroad for the sun  Every year, thousands of British retiring abroad, heading for the sun to settle in places like Spain, Portugal and Thailand. It’s believed as many as 2 in every 5 people who earn over £60,000 a year set their sights on that retirement villa abroad. Amidst the destination scouting, house hunting and […]

Spanish Tax Authorities are getting tougher!

Posted on 23rd February 2017 in Financial Advice

Spanish Tax Authorities getting tougher! The Spanish tax office has announced new measures to crack down on tax fraud. Their tax plan for 2017 revealed new IT tools and processes that will make it easier to investigate the Spanish tax affairs of wealthy individuals. Tax Fraud sounds very serious and of course it is. However, […]