Insights
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…
Continue readingClaiming your UK pension in Australia
Many British expats flock to Australia in retirement, due to its lifestyle, culture, and the English language. A large portion of expats take their pension with them, by transferring any personal pensions to an Australian scheme. This leads to tax advantages, freedom of choice, and the consolidation of your assets into one portfolio. There have…
Continue readingHow to transfer your UK pension to Australia (Updated 2018)
Qualifications to transfer UK pensions to an Australian QROPS Self-Managed Superannuation Fund (SMSF) 55 plus Individuals should be 55 years of age and above but not beyond 65 years unless employed in Australia Only certain schemes that are not ‘in payment’ can be transferred. They are: private pension schemes, Self-Invested Personal Pensions (SIPPs), and final…
Continue readingDeficit Pension Schemes in the UK
Based on recent surveys on various pension schemes in the UK, a worrying trend is developing. This is the increase in deficits faced by some of the biggest companies in the UK in their Defined Benefit Pensions. Based on reports, this deficit skyrocketed to about £460 Billion as of September 2017. This figure, however, dropped…
Continue readingAre You Fully Aware of the Death Benefits on Your UK Pension?
Knowing the type of personal pension that you have is key to understanding what will happen to your pension in the event of your death. The type of your scheme, as well as whether you have already begun to draw the pension, will determine what your partner, children and any other beneficiary will receive. In…
Continue readingWhere Does Dubai’s Property Market Stand Globally?
It is safe to say that Dubai’s property market has had a slow three years. After a 3-year slump, with average property prices dropping 21 percent from November 2015 to April 2017, analysts believe that the market has bottomed out. Contributing heavily to the market’s position is the strength of the dollar. With the surge…
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