Pensions

October 17, 2018 PensionsTax PlanningPension
Solving Inheritance Tax

Inheritance tax, or the ‘death tax’, could be one of the most disliked taxes in the UK – no one wants their estate to be eroded away before it reaches their family. Currently, the tax-free threshold stands frozen at £325,000 for 2017-2021, or at £650,000 for couples. However, the steady rise in property prices over…

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Retiring Outside of Ireland with an Irish Pension

In 2018, research by Expatistan ranked Ireland as the country with the 7th highest cost of living in the world. It is for this reason that retirees that are under-funded – or even generously funded – seek out a lower cost of living by moving abroad. However, before moving abroad and drawing an income, it…

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The Need for Guardianship for your Children

For expats living in the UAE, knowing about guardianship and custody of your children is vital. To cover such a ‘what if’ situation means preparing for the loss of life in the family, and to ensure that the child will benefit the most in such a scenario. Guardianship rights are likely to be different to…

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April 30, 2018 Pensions
The Effect of Expected Interest Rate Increases on Defined Benefit Pension Transfer Values

After the Brexit vote in 2016, the Bank of England reduced its benchmark Bank Rate to 0.25%. This was decided upon by the Monetary Policy Committee (MPC) to limit the risk of the recession resulting from the decision to leave the EU. On the 2nd November 2017, we witnessed the first Bank Rate increase in…

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March 4, 2018 Pensions
The £210bn Two-Thirds Pensions Time Bomb: Worrying Times Ahead for Retirees

The retirement plans of millions of workers in the UK are going into turmoil because of the existing deficits in two-thirds of the pensions schemes. Of the 5,588 pension schemes that the Pension Protection Fund (PPF) monitors, there exists deficits in 3,710 of these schemes. This report by the PPF at the end of 2017,…

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February 6, 2018 Pensions
USS Pension Debacle

By Jak Ali The University Superannuation Scheme (USS) is the largest private-sector pension system in the UK and the issues surrounding the scheme continue to cause mass uproar amongst academia professionals. There has been a complete mismatch between the money currently held and the amount that needs to be paid out. The USS boasts more…

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