Is time running out for UK expats who want to transfer their defined benefit pensions?

The FCA has been cracking down on poor financial advice in the defined benefit transfer market for a few years since the British Steel scam was brought to light. Unfortunately, not all advice is sound.

Understanding the Passive vs. Active Fund Argument for Investment Funds

When it comes to investing, the most important decision is deciding where to invest your money, and from the numerous options available it can prove a difficult decision to make. The 2 main choices are investing actively or passively

How SJB Global conduct an X-Ray Review

Here at SJB Global, we pride ourselves on putting our clients first. One of the initial stages of our engagement with someone before they are client takes the form of an ‘X-Ray Review’. This comprises a deep dive into your existing financial arrangements in the hope of helping you to make the best possible informed decision for your portfolio.

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.

What options do I have with my Shell Overseas Contributory Pension Fund?

The Shell Pension Scheme, the non-UK scheme being the Shell Overseas Contributory Pension Fund (aka SOCPF), has consistently been targeted by scammers due to the lack of advice requirements to transfer away. Unlike a UK defined benefit scheme, this scheme does not require FCA regulated advice to transfer away.

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.

Should I invest into an Assurance Vie or a Platform if I am a French resident?

Why choose an Assurance Vie? If you have been a French resident for a few years, then you probably have come across the term ‘Assurance Vie’. Over 22m residents of France choose to invest into Assurance Vies due to the benefits they offer. Please see a list of the main benefits below:

Terence’s 30-Day Interview

As SJB’s newest member, Terence has now been at SJB for a full month. We had a brief session with him to learn more about his experience: the highs, the challenges and the surprises. We hope you enjoy hearing what it’s like to work with us.

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.

Should I transfer my UK pension if I am resident in France?

If you are a tax resident in France, retired in France or thought about moving to France, you may have asked yourself “What should I do with my UK pension?”. We have just updated our Taxation in France for Expats page with plenty of fresh information as of Jan 2021, to help keep you in the know about tax legislation in France

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