05/22/2019

HMRC collects £1bn from loan charge

The introduction of the loan charge, which is an extra fee on top of the tax owed, was announced in the 2016 Budget and confirmed in the 2017 Finance Bill.

05/15/2019

QROPS helps expats limit punitive 55% tax

If you transfer one or more UK pensions into a QROPS and your total benefits are under £1.055m, you will not face lifetime allowance taxes on the transfer

04/28/2019

Significant Changes in the 19/20 Tax Year by Penny Lovell

If you’re a parent or grandparent putting savings into a Junior ISA, you’ll also want to adjust the family’s contributions to ensure you’re making the most of the new limit, which has risen from £4,260 to £4,368.

04/24/2019

Momentum launches SIPP for US clients

The US SIPP is administered by Momentum in the UK and is only available through regulated advisers in the United States and Europe, including FCA-regulated advisers in the UK, the company said.

04/17/2019

Don’T Tax Us Into Oblivion’ On Public Pension Deficit

The IMF has for several years, with increasing urgency, been prodding the Government to address the multi-billion dollar liability it and Bahamian taxpayers face as a result of unfunded civil service pension liabilities.

04/09/2019

Top five inheritance tax queries

There is also a lot of confusion around transferring the residence nil rate band (RNRB), which was introduced in April 2017.