New EIS Rules May Sacrifice Investment Tax Reliefs

New EIS Rules May Sacrifice Investment Tax Reliefs

HM Revenue & Customs (HMRC) has halted processing advance assurances and compliance statements for Enterprise Investment Scheme (EIS) companies that have more than £10 million of risk finance. The paperwork has also stopped for companies that are more than seven years old and have not yet raised risk finance investment. The change of rules is

Flexible Pension Freedom Triggers Fraud Alert

Tips For Avoiding Bogus Investment Scams And Fraud

Pension freedoms have triggered a flood of fraudsters cold-calling over 55s with dodgy investment opportunities, according to consumer watchdogs. Thousands of over 55s have received telephone calls, texts and emails from suspected bogus IFAs offering high returns on risky investments, says the Consumers Association. Shockingly, 40% of those contacted confess they have no idea how

EU Inheritance Law Signals All Change For Expats

Managing money to save tax is not immoral, says the law

Expats living in Spain who have not made a will in their new home are at risk of having their estate distributed against their wishes and their loved ones paying more tax than they need. Spain is the number one expat retirement destinations for the British, with thousands moving to the Mediterranean country each year.

How To Benefit From A QROPS In Malaysia

US Residents See Extra Benefits in QROPS

So you are an expat living in a country without any Qualifying Recognised Overseas Pension Scheme (QROPS) providers – so how do you switch your pension offshore? This is an often asked question as only 45 financial centres offer QROPS and for many, the retirement saver must live in country. Most of the popular British

Crowdfunding Platform Directory

Designs For Life Smashes Crowdfunding Equity Record

Crowdfunding is the buzz word for alternative business finance and plenty of investors are looking for a piece of the action. But which are the best platforms for entrepreneurs to make pitches – and the best places for investors to look for deals? Most of the UK crowdfunding platforms have three funding options – Rewards

deVere Group Awards, Accolades and Accusations

Hong Kong

Owing to its status as the largest and the highest profile expat financial advisory firm in the world, deVere Group often comes under scrutiny. But rarely has it received this scrutiny in such extreme forms as it has this week. On the one hand, deVere Group CEO, Nigel Green, posted a blog in which he

EU Looking At Taxing Crowdfunding Rewards

Crowdfunding 101 – The Basics Explained

Crowdfunding platforms are worried that a tax on rewards for small investors could stop start-up businesses from seeking backing via the alternative finance phenomenon. The European Union’s Value Added Tax Committee is considering imposing VAT on rewards to crowdfunding donors. These donors typically part with a small sum of money in return for recognition in

Borrowers Advanced £459m From P2P Lenders

Peer-To-Peer LendingHow To Get Involved

Peer-to-peer lending platforms advanced more than £459 million in cash to borrowers in the first three months of the year, according to industry figures. Data from the Peer-to-Peer Finance Association (P2PFA), the trade body for the nine leading lenders in the UK market place, shows individuals and businesses have turned to the alternative finance source

QROPS List – May 19, 2015


New Zealand Qualifying Recognised Overseas Pension Schemes (QROPS) have seen 23 expat pensions delisted in the past two weeks. The HM Revenue & Customs (HMRC) QROPS List for May 1 listed 57 pensions – which has been sliced to 34 on publication of the latest list. HMRC declines to comment on why schemes are delisted,

EIS Tax Rule Change Boost For Entrepreneurs

Flexi-Drawdown Rules For QROPS Published

Tax rules aimed at urging entrepreneurs to reinvest their chargeable gains in another business have changed why they might plough cash into an Enterprise Investment Scheme (EIS). How entrepreneurs decide to take their gains revolves around the tax breaks offered by Entrepreneur’s Relief and how capital gains are taxed by EIS. From December 2014, chargeable

EIS Investors Lose Reverse Take-Over Appeal

VCTs Offer Good Value To Wealthy Investors

Tax tribunal judges expressed surprise to investors who lost valuable tax reliefs under the Enterprise Investment Scheme (EIS). They felt lawmakers did not intend investors to lose their tax breaks when an EIS company was taken over by another company, but told them they had to follow the law and dismiss their appeal. The four

Hundreds Of QROPS Face Flexible Access Rule Change

Financial Planning For Your Flexible Access Pension

Hundreds of Qualifying Recognised Overseas Pension Schemes (QROPS) could face suspension with the introduction of flexible access rules in the UK. The rules which came in on April 6, 2015, only allow a pension to be classed as a QROPS if the retirement savers can access their benefits in the same way as British pension

EU Ready To Switch On A Digital Europe

Wealth Managers Focus On Digital Entrepreneurs

A revolutionary plan to make Europe into a single digital market by breaking technology barriers hampering business on the internet has been set in motion. The Digital Single Market Strategy expects to deliver key targets within 18 months that will smash technology barriers between European Union nations. These barriers, says European Commission President Jean-Claude Juncker, are

Eurozone Finally Pulling Out Of Downward Spiral

Eurozone Deflation After Months Of Stagnation

After years stuck in the doldrums, the Eurozone economy is finally showing signs of recovery, according to financial analysts. The decisive move was the European Central Bank acting to free up the economy with quantitative easing – helped along by plunging oil prices. The sizing up of progress in the single currency area was made

Expat Exchange Rates – May 2015

Expat Exchange Rates

Expats need to keep an eye on foreign currency exchange rates to make sure they are getting value for money. Forex rates can be so volatile in the short-term, it’s easy to think you should have asked for a rise or left that cash in another currency rather than switching to one that’s on a

QROPS List – May 1, 2015


The number of Qualifying Recognised Overseas Pension Schemes (QROPS) has dropped for the first time in eight months. The latest QROPS List published by HM Revenue & Customs (HMRC) on May 1, 2015 lists 3,723 pensions – a decrease of 31 schemes since the last list was published on April 15, 2015. The last time

DB Pension Savers Jam Switchboards Seeking Advice

Savings protection

Thousands of retirement savers with defined benefit pensions are asking financial experts to work out whether switching schemes makes financial sense for them. One firm, Mercer, says 22,000 direct benefit pension savers contacted them to discuss their savings last year. The company expects even more inquiries as employers and pension trustees relax the rules about

Expat Savings Rates – May 6, 2015

Expat Savings

Interest rates are definitely going up as they have nowhere else to go, but when they will start to rise is anyone’s guess. That makes locking money away in a long term fixed account a poor move, as expat savings rates should rise when the Federal Reserve and Bank of England start to raise official

Election 2015 Pension Pledges Hurt High Earners

Pension Top Up Cash At Risk After Next Election

High earners will seek alternative savings away pensions whatever the result of Election 2015, according to financial experts. Both the Conservatives and Labour have hinted in their manifestos that tax relief on pension contributions for those earning more than £150,000 a year will change. As a result, these wealthy individuals will look elsewhere for reasonable

Pension Liberation Wrecks Lives And Relationships

Pension Liberation Wrecks Lives And Relationships

Pension liberation fraudsters have left a trail of suicide and wrecked manages in their trail as they ruthlessly target vulnerable retirement savers. A campaigner fighting for justice for hundreds of ordinary workers who lost their lifetime savings to crooks has revealed the human cost of their scams. Angela Brooks, who heads Ark Class Action, claims