by SJB Global | Jun 21, 2024 | Expat Financial Planning, Tax Planning, UK
2025 UK Inheritance Tax Changes: What Brits Living Abroad Need to Know Welcome! Today, we’re diving into the thrilling world of tax law, specifically focusing on the ever-so-captivating subjects of residence and domicile. Now, you might think, ‘Oh joy,...
by SJB Global | Jun 21, 2024 | Expat Financial Planning, Jake Barber, Tax Planning, UK
A Step-by-Step Guide 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. Should you wish to apply for an...
by SJB Global | Jun 13, 2024 | Expat Financial Planning, Pensions, Tax Planning
So, you’re thinking of retiring somewhere sunny, where the tea isn’t the national beverage, and you’re wondering about your UK pension? Specifically, the lovely chunk known as the Pension Commencement Lump Sum (PCLS)? Before you pack up your...
by SJB Global | Jun 13, 2024 | Estate Planning, Expat Financial Planning, SJB Global, Tax Planning
A Shift from Domicile to Residency Status Explained There have been significant proposed changes to the UK’s tax regime concerning non-domiciled individuals and how it impacts inheritance tax (IHT). Here’s an overview based on the latest updates from the...
by SJB Global | Jun 4, 2024 | Ben Eccles, Expat Financial Planning, Tax Planning
To take more tax-free lump sum from a UK pension by having fixed protection in place, you need to understand the intricacies of pension protection schemes and how they interact with the tax-free lump sum rules. Here’s a step-by-step guide: 1. Understand Fixed...
by SJB Global | May 22, 2024 | Alex Gover, Brexit, Europe, Expat Financial Planning, Guides, Middle East, North America, Pensions, Tax Planning, UK
Expatriates often contemplate whether transferring their UK pensions is the right choice. In this article, we’ll delve into these questions and explore the considerations surrounding the decision. I will also point out some of the key differences between a SIPP...
