QROPS

UK Pension Lump Sum Allowance


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Andrew has an initial pot of £200,000 that he invests in low risk funds which grow at 5% per year for 20 years, giving a £530,000 pension pot. But, only £140,000 needs to be used as a pension, meaning that the member has £390,000 which he can take as a lump sum to purchase properties when he retires. Leaving £140,000 to pay him a pension income.

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QROPS

New QROPS Legislation. QROPS Rules.


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New QROPS Legislation. QROPS Rules. There are new QROPS rules coming into place for UK expats living abroad who want to avoid paying UK taxes through a QROPS structure. The new legislation has come into effect already. New QROPS Rules and Legislation 1) Lifetime allowance is changing from £1.8m to £1.5m, thus, an additional £300,000

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QROPS

Inland Revenue Steals from Pensioner


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This is a sad and depressing story of how the Inland Revenue (HMRC) have treated a woman in her 60’s, whose pension fund was untouched and who was diagnosed with a critical illness. She never elected to take her pension within the 2 years she had left to live, even though she was nowhere near

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Tax Tips

Thailand Banking Charges and Tips


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Thailand Bank Charges and Thailand Banking Tips New fees from the 1/1/2011: Thai Bank ATM Charges Same-bank ATM transfers across provinces will be free once a month but will be liable to a fee of no more than 15 baht thereafter Same-bank ATM withdrawals across provinces will be subject to fee of no more than

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