Structured Products have been on the market for several years now and are steadily gaining in popularity as people seek ways of generating higher returns on their capital in a low-interest environment. A Structured Product is essentially a promise by the issuing bank to pay pre-determined returns in a pre-defined set of circumstances. So, for […]
The following notes are a useful summary of the recent UK budget changes. They originate from a QROPS provider. Flexible Drawdown With effect from April 2015, anyone will be able to take advantage of flexible drawdown, without the need to have (as is currently the case) a minimum guaranteed pension of £20,000 per annum. From […]
What is QROPS? A QROPS (Qualifying Recognised Overseas Pension Scheme) is a pension transfer scheme that is recognised by HMRC and meets certain conditions and standards equivalent to a UK pension. Therefore, any UK pension can be readily transferred into an overseas scheme, provided that the overseas scheme is registered with HMRC as a QROPS. […]
It is not a state of affairs most people want to think about, but sometimes people find out – after the fact – that they have been written out of a will they previously were part of. If you find yourself in this situation, there are some time-sensitive steps you can take to at least […]
An inheritance tax or estate tax is a levy paid by a person who inherits money or property or a tax on the estate (total value of the money and property) of a person who has died. In international tax law, there is a distinction between an estate tax and an inheritance tax: an estate tax […]