- Published On: July 10, 2024|3.2 min read|
The Merits of Accessing Your Pension Commencement Lump Sum in Stages
As you approach retirement, one of the significant decisions you'll face is how to access your pension commencement lump sum (PCLS). While it might be tempting to take the entire amount in one go, there are several benefits to accessing your PCLS in stages.
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- Published On: July 3, 2024|2.4 min read|
Understanding Inheritance Tax for UK Domicles: What You Need to Know
Inheritance tax (IHT) is a topic that often causes concern, but understanding it can help you plan more effectively for the future. Here’s a concise overview of what you need to know about inheritance tax, how it works, and ways to manage it.
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- Published On: March 9, 2024|1.5 min read|
Understanding the new lumpsum rules following the abolishment of the lifetime allowance
Savers could potentially DOUBLE the tax-free amount they can withdraw from their pensions, due to a potential new loophole created under incoming rule changes in the Finance Bill.
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- Published On: January 18, 2024|2.2 min read|
Why you need to know about the UK Inheritance Tax 14-Year Rule
Most of us have heard about the 7-year gifting rule in relation to UK IHT planning. But the '7-year rule' isn't the whole picture. You need to know about the '14-year rule' Here's why ..
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- Published On: January 15, 2024|1.8 min read|
Untangling the new Lifetime Allowance rules on UK pensions
From 6 April 2024, the LTA will be no more. Yet, it's not that straightforward. With the Lifetime Allowance removed, two new limits are being introduced, specifically to control tax relief on lump sums:
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- Published On: June 5, 2023|3.9 min read|
Establishing a Domicile of Choice: A Guide to Finding Your Legal Home
Your domicile, often referred to as your legal home, holds significant implications for various legal matters, including taxation, inheritance, and jurisdictional matters. While your domicile is typically determined by your place of birth or origin, it is possible to establish a domicile of choice in a different location.
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- 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 19, 2023|2.5 min read|
How Does a Financial Adviser Add Value?
Financial advisers can be valuable resources for individuals seeking to manage their money and achieve their financial goals. While many people believe that financial advisers simply provide investment advice, they actually offer a range of services that can help their clients achieve financial success. In this blog, we’ll explore how financial advisers add value and the benefits they can offer.
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- Published On: April 19, 2023|2.4 min read|
Common problems bankers face when looking after their own wealth
Bankers tend to be experts in managing other people's money, but when it comes to their own finances, they can encounter unique challenges that require careful attention. Despite their financial expertise, bankers are not immune to common wealth management problems. In this blog, we'll explore some of the most common issues bankers face when looking after their own wealth.
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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 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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