All posts by Credence

UK Defined Benefit Pension Plans &#...

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Relative to defined contribution pension plans, defined benefit pension plans are complex investment vehicles. A defined benefit plan is a type of pension in which an employer or sponsor promises a specific payout upon retirement. The payout is calculated on a variety of factors such as length of employment, salary history and age at retirement … Continue reading UK Defined Benefit Pension Plans – Should You Transfer Out?

South African Tax Law Amendment Bil...

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There has been a lot of noise in the South African expat community around the Draft Taxation Laws Amendment bill (DTLA), specifically the proposed removal of the 183 day foreign tax exemption. This is of particular concern for those living in high living cost environments such as the UAE.With an estimated 120,000 South Africans in … Continue reading South African Tax Law Amendment Bill Commentary

What happens If my UK pension schem...

UK Pension Deficit

On July 3rd, PwC announced that the UK Pension Deficit is currently at an astonishing £460bn, meaning that the potential liabilities of the schemes are greater than the assets. The deficit has been brought about by increasing life expectancy, underfunding by companies, and a fall in equities and bond yields. Due to this deficit, companies … Continue reading What happens If my UK pension scheme has a deficit

Lifestyle Sacrifices If You Want Ea...

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Lifestyle Sacrifices If You Want Early Retirement If you want to take early retirement but can’t afford to, it’s probably because you only have yourself to blame. Early retirement for Expats in UAE, UK and Australia is an achievable goal for many but it doesn’t come without some lifestyle sacrifices. That means you literally can’t … Continue reading Lifestyle Sacrifices If You Want Early Retirement

How to transfer your UK pension to ...

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After tight regulations in 2015, UK pensioners aged 55 years and above can now transfer their pensions to Australia once again. These new schemes are referred to as 55 plus due to their age qualification. In 2015, Her Majesty’s Revenue and Customs (HMRC) declared all Qualifying Registered Overseas Pension Schemes (QROPS) in Australia non compliant … Continue reading How to transfer your UK pension to Australia (Updated 2017)

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