Ums, Ahhs, Buts And Maybes…. Are QROPS Transfers Dead!?!?
Over the last 14 years we have seen many reforms in the pensions industry some for better, some for worse. One thing that does stand out is the human nature of wanting something we cannot have which exists in our everyday lives. Making difficult decisions in a timely manner has always been uneasy for us...
Covid-19 Self-Employed Income Support Scheme In UK
Missed the January self-assessment deadline? You have four weeks to file your 18/19 tax return to enable you to access the government grant announced by Chancellor Rushi Sunak. Written for Expat Network by GoSimpleTax Self-Employed Income Support Scheme Summary: You must have completed your 18/19 tax return 80% of profits up to £2,500 per month...
New Regional Visas To require A Three Year Stay Before Permanent Residence
The Government has introduced legislation for Australia’s new Skilled Regional Visa options, which will require migrants to work for three years in regional areas before becoming eligible to apply for permanent residence. Written by Sheila Woods of Interstaff 18 April, 2019 Currently, migrants can directly apply for permanent residence in regional areas through the Subclass 187...
I Live In Canada. Where Do I Pay Tax On My UK Pension?
One of the members of the Expat Network community asked the following question about where her UK pension will be taxed having emigrated to Canada. Richard Watts-Joyce, Partner at Global Tax Network responded to her query. Question: “I have just submitted a request to collect my pension early from Merseyside Pension Fund of which...
Portugal Property Market Set For Strong Growth
The prospects for the Portugal property market in 2019 after a strong 2018 look encouraging. This is despite the reduction in investment from British buyers. In 2008 60% of buyers on the Algarve originated from the UK and Ireland according to Knight Frank. Demand from Britain has been in slight decline with the uncertainties over...
Looking To Transfer Your Expat Pension?
Expats generally have the right to transfer their pension abroad into a qualifying scheme. For some, the benefits of doing so are manifold. However, there are risks, and it’s fair to say that you need to tread very carefully when considering all your options, as a significant tax charge can apply in certain circumstances. Written...
Death In Service Insurance
Many people working abroad for UK companies are entitled to death in service benefits either as part of their pension or an employee-run insurance scheme. These will usually pay out up to four times you annual salary as a tax-free lump sum if you die while working for that company. Under the Armed Forces Compensation...
Oil And Gas Workers Should Retrain?
A new online tool is designed to help skilled workers in the oil and gas sectors find job opportunities in the wider UK engineering sector, supported by the pipeline of large energy and infrastructure projects, according to the UK government. The existing Talent Retention Solution scheme, which is used by over 1,000 companies in the...