How British Expats are Impacted by the 2021 UK Government Budget
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.
Applying for an NT Tax Code
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.
How will the Lifetime allowance affect my UK pension if I live overseas?
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.
Another Blow to Retirees in Europe with UK Pensions?
The flexibility surrounding transferring your defined benefit scheme to a more flexible arrangement seems to be getting tighter and tighter through ever more stringent regulations by the FCA.
How will the Lifetime allowance effect my UK pension if I live overseas?
What is the lifetime allowance? Pension simplification came in to effect from 6th April 2006 to rationalise the British tax system in regards to pension schemes. One of the policies introduced was the lifetime allowance for all UK pensions.