by SJB Global | Mar 22, 2022 | Regulations, Retirement, Tax, UK
Hearing about the Spring Budget or Statement? You’re not alone. The finance sector is always on edge when it comes time for these statements, as people know that there will be some sort of new tax law soon which may have positive or negative consequences. This year might seem like an exception though – with little information released so far by HM Treasury and none since Rishi Sunak spoke at length before his Autumn 2021 Budget Address last month! With the cost of living going up and little sign that things will improve anytime soon, many people are wondering what measures might be taken by Chancellor George Osborne to help ease their pain.
by SJB Global | Oct 11, 2021 | Pensions, Regulations, UK
Pension simplification came into effect from 6th April 2006 to rationalise the British tax system regarding pension schemes. One of the policies introduced was the lifetime allowance for all UK pensions.
by SJB Global | Mar 4, 2021 | Pensions, Regulations, Tax
This article will help you understand why budget changes have come into force as well as how they affect UK expats that no longer reside in the UK.
by SJB Global | Feb 25, 2021 | Regulations, Tax
An NT (no tax) code is granted to individuals who receive UK-sourced income and reside in a country that has a double taxation agreement with the UK. Within a UK pension, including a SIPP, your gross pension is subject to PAYE income tax unless you personally apply to HM Revenue & Customs (HMRC) for exemption on the grounds that you are non‐resident.
by SJB Global | Feb 10, 2021 | Pensions, Regulations, Tax
Pension simplification came into effect from 6th April 2006, one of the policies introduced was the lifetime allowance for all UK pensions. The lifetime allowance is the limit on the amount of pension benefits that can be taken without incurring a tax charge.
by SJB Global | Nov 25, 2020 | Brexit, Europe, Regulations, SJB Global
Following the recent news of UK banks closing off services in EEA, the FCA announced last week that passporting rights will end for all UK firms, effective 31st December 2020.
