- Published On: May 26, 2023|4.7 min read|
Navigating UAE Succession Law: A Guide for Expats
The United Arab Emirates (UAE) has become a popular destination for expatriates seeking new opportunities and a vibrant lifestyle. However, when it comes to matters of succession and inheritance, ex-pats residing in the UAE need to be aware of the unique legal framework in place.
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- Published On: April 18, 2023|2.7 min read|
The Removal of the Lifetime Allowance Limit. What does it mean for my Pension?
In the Spring Budget of 2023, Chancellor of the Exchequer announced the removal of the Lifetime Allowance (LTA) for pension contributions. This decision has sparked a lot of controversy and debate, as it has significant implications for pension savers in the UK.
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- Published On: November 18, 2022|3.4 min read|
Have you exceeded the Lifetime Allowance?
Should you continue to make pension contributions? With steady decreases in the value of the LTA over time. More and more individuals are finding themselves in excess of the lifetime allowance prior to their planned retirement.
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- Published On: November 14, 2022|4.1 min read|
CETV values 2023
The impact of rising interest rates on defined benefit transfer values is marked. With economists forecasting further interest rate rises in the UK in an attempt to tame inflation further drops in transfer values should be expected.
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- Published On: November 2, 2022|5.4 min read|
The UK / UAE Double Taxation Treaty. How to access your UK pension.
With increasing, mobility and collaboration between the UK and UAE employers and employees have welcomed the introduction of the double taxation agreement (DTA). The Double Taxation Convention entered into force between the UK and the UAE on 25 December 2016. The Convention took effect with regard to taxes withheld at source, in respect of amounts paid or credited on or after 1 January 2017.
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- Published On: October 14, 2022|2.9 min read|
Interest rates are rising. What will this mean for your CETV?
What's been happening to pension transfer values in 2022? If you are considering a pension transfer and are wondering how recent economic changes may impact your final salary pension's cash equivalent transfer value, read on!
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- Published On: August 22, 2022|2.8 min read|
Do you Know Where all Your Pensions Are?
Your pension is an asset, just like your home, and other investments. So, when you die, you’ll want to make sure that your family and loved ones are able to make use of anything that you have left in your pension pot.
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- Published On: May 3, 2022|3.4 min read|
Pension Transfer Values in 2022
Record numbers of people have been transferring out of their defined benefit pension schemes in exchange for a fixed pot of money known as the CETV, or cash equivalent transfer value. But more recently values have, in some cases been declining slightly. So what’s in store for pension transfer values in 2022.
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- Published On: February 23, 2022|3.5 min read|
How much money do I need for retirement?
The amount of money you’ll need to enjoy a retirement free from financial constraints will vary depending on your circumstances and retirement plans. There are various sources of advice that can guide you on the best ways to save, and the best ways to draw income from your saving pots in the future. But ultimately, you’ll only get it right by considering all the different variables for your unique position.
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- Published On: February 23, 2022|3.2 min read|
How will an increase in interest rates affect CETVs
Interest rates and Cash Equivalent Transfer Values (CETV’s) are indirectly linked, meaning that any change in rates can have a knock-on effect that may eventually mean an adjustment in your CETV. If you are considering a pension transfer and are wondering how recent economic changes may impact the cash equivalent transfer value of your final salary pension, read on!
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- Published On: November 25, 2021|5.4 min read|
A British Expats’ Guide to Transferring Funds to a SIPP
When it comes to saving money for the future, a Self-Invested Personal Pension, or SIPP, can be a suitable option for both UK and Non- UK residents. There are several pension choices to choose from, but a SIPP can provide you with greater flexibility, portability, and control over your investments.
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