Financial Planning, Pensions, QROPS, Retirement Planning, Tax Cut

UK Pension Update

27 Oct , 2014  

UK Pension Planning ThumbnailA month ago the UK Chancellor, George Osborne, announced additional amendments to UK pension legislation to take effect from 6th April 2015.

Whether you are living abroad, planning to live abroad or you intend to retire in the UK, you will feel the affects of these changes if you have a pension or pensions held under UK jurisdiction. The future of the pension system in the UK remains very uncertain, particularly with the general election looming next year. However, the changes that have already been announced are summarised in the document below and deserve your full attention.

If you have been living outside of the UK for some time or plan to retire abroad, then you should certainly look at the option of transferring your pension offshore. Depending on your circumstances, there are many benefits to removing your pension from a UK jurisdiction, and therefore protecting it from the threat of further changes within the UK system.

If you would like to explore the option of transferring your pension offshore, please get in touch.

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