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Tag: Wealth

The list below is a collection of articles that refer to, mention or discuss Wealth

QROPS Transfer Charge Overhaul On The Way

Another overhaul is on the way for Qualifying Recognised Overseas Pension Schemes (QROPS) as the government publishes new draft regulations. Listing both as ‘technical consultations’,...

Gifts Gone Wrong Raise Millions For Tax Man

You would think giving stuff away is easy - but if you want to gift your home to loved ones, the tax man will...

Do Foreign Spouses Inherit Expat Pensions?

A question expats married to a foreign spouses often ask is if their partners will inherit their UK pensions should they die before them. Expats...

Judges Throw Out Pension Inflation Switch Bid

Judges have thrown out a plea from charity Barnardo’s to change the way cost of living increases are calculated for staff pensions. Barnardo’s was counting...

Pension Transfers On Hold After Equal Benefits Ruling

If you are planning to transfer retirement savings out of a final salary company pension, then you may be too late. Retirement savers who want...

FATCA List – November 2018

The US Internal Revenue Service’s list of foreign financial institutions reporting to them under the Foreign Account Tax Compliance Act (FATCA) grew by 2,113...

Don’t Overlook Those Unforeseen Retirement Costs

How much money you will need for retirement is one of those imponderable questions that is almost impossible to answer. To calculate the right amount,...

Cost Of Dying Set To Soar For Wealthy Families

A new stealth tax on families passing wealth across the generations will start to bite from April 2019. That’s the date when the cost of...

Taxman To Tackle Wealthy Families With Trusts

Wealthy taxpayers who rely on trusts to avoid paying tax on their fortunes could come under attack from HM Revenue & Customs. The tax authority...

Waspi Women Come Of Age As Pension Equality Rules Start

Women who are 65 years old on or after November 6, 2018 are the first who must wait until the same age as a...

Tax Shock On The Way For 1 In 4 Pension Savers

Not enough people understand pensions and will have a shock in retirement when they realise they will have to pay tax on their savings. More...

Dubai Rents And Property Prices Set To Fall Again

Property prices and rents are expected to take a dive in Dubai before the end of the year. Property consultants are forecasting both will drop...

Pension Cold-Calling Ban Is A Little Closer

The ban on pensions cold calling to crack down on scammers is slowly moving forward. The government has published draft regulations aimed at stopping fraudsters...

Brexit Rumours Of City Deal Boost FTSE

Unconfirmed speculation that Britain has reached a Brexit deal with the European Union over financial services have boosted the markets. The FTSE has risen along...

One In Three Over 50s Have No Retirement Savings

Nearly a third of the over 50s are looking forward to a miserable retirement because they have less than £1,000 in the bank or...

Golden Age Of Contracting Coming To An End

Chancellor Phillip Hammond has extended the controversial IR35 tax rules to private businesses to make contractors pay the same taxes as all other workers. If...

Fraudsters Snatch £500m From Scams In Just Six Months

Fraudsters netted £503 million and diverted the cash to organised crime in the first six months of the year, according to new data. Trade body...

Financial Rescues Cost Lifeboat Service £150,000 A Day

The true cost of rogue pension advice has been revealed in data released by a consumer champion. Savers have lost millions of pounds to rip-off...

Budget 2018: Hammond Resists Raid On Pensions

Chancellor Phillip Hammond resisted the temptation to raid pensions to raise money for his spending spree in Budget 2018. In the lead up to the...

Budget 2018 – Era Of Austerity Comes To An End

Chancellor Phillip Hammond has delivered his last Budget before Britain exits the European Union readying the nation and the economy for a ‘new chapter’. He...