With more than 40 years experience...

Welcome to Pryce Warner International Group, we have over 40 years experience providing comprehensive financial advice & services to expats around the world, as well as nationals residing in their home countries.

Whether you need a QROPS overseas pension, portfolio & asset management, international property, tax planning or inheritance tax advice, we can offer a solution tailored to your needs.

We believe financial services are all about peace of mind, knowing that your future is in safe hands, and that your assets are growing and will be there when you need them. That is why we strive to be completely transparent with our clients, and ensure that they always have the information they need to take control of their financial future.

With global barriers to travel and employment shrinking every day, we believe expats will come to shape the future of global business and enterprise in increasingly profound ways. Our goal is to help them negotiate their oftentimes-complex financial world, so that they have the freedom and peace of mind to do so.

In our 40 years of operating, we have grown every year and helped more and more businesses and individuals achieve their financial goals. Contact us today to find out how we can help you.

Contact Us

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News Headlines

New Tax Reporting Requirements for Expats in Spain
New reporting requirements in Spain mean that Expats will have to declare Overseas Assets over...Read More Expats in US Could Lose Green Cards
Expats based in the USA could lose their green card as part of new tax filing regulations London,...Read More Gibraltar QROPS Growing Rapidly
As the Gibraltar Tax Office prepares a code of conduct the amount of QROPS registered in the region...Read More Changes to How Britons Pay IFAs Will Also Affect Expats
Financial advisers will now have to charge clients fees rather than charge commission London, UK...Read More India's Popularity Growing Amongst Expats
The fast growing economy and exotic culture are making India highly popular with Expats London, UK...Read More US Expats Support Obama
Polls have shown that US expats overwhelmingly supported Barack Obama in the US presidential...Read More Middle East Attracts Most Young Expats
A new study has shown that the Middle East attarcts more young Expats than any other...Read More Expat Tax In Switzerland Increases
Switzerland introduces a higher tax rate for Expats London, UK (Pryce Warner International)...Read More

Confirmation

A Personal Approach To Financial Planning

Welcome to Pryce Warner International Group, we have over 40 years experience providing comprehensive financial advice & services to expats around the world, as well as nationals residing in their home countries.

Whether you need a QROPS overseas pension, portfolio & asset management, international property, tax planning or inheritance tax advice, we can offer a solution tailored to your needs. We believe financial services are all about peace of mind, knowing that your future is in safe hands, and that your assets are growing and will be there when you need them.

That is why we strive to be completely transparent with our clients, and ensure that they always have the information they need to take control of their financial future. With global barriers to travel and employment shrinking every day, we believe expats will come to shape the future of global business and enterprise in increasingly profound ways. Our goal is to help them negotiate their oftentimes-complex financial world, so that they have the freedom and peace of mind to do so.

In our 40 years of operating, we have grown every year and helped more and more businesses and individuals achieve their financial goals. Contact us today to find out how we can help you.

Since 1972 we’ve been helping individuals, particularly expatriates, manage their savings, assets and investments, wherever they are globally and at whatever stage they are in life. Our expert teams of financial planners and advisors listen to you, evaluate and understand your requirements and then apply our comprehensive experience to provide you with financial planning and investment solutions that are practical and effective.

Helping you
We are there to help you whether you have a modest or a comprehensive knowledge of managing your own money. We will provide the level of assistance suitable to your needs. If you are experienced in managing your own assets we will assist you in the way that you wish. Our professional management will allow you over time to obtain better returns and a better income stream than from saving accounts. We believe that are our fees are simple, straightforward and pay for themselves. You also benefit from being able to view your accounts 24/7 online in a completely secure manner.

Personal service
Pryce Warner International Group are committed to providing the very best in personal service to both our personal and our corporate clients. Our account managers understand that providing professional expertise and personal service to our clients throughout the world ensures the building of long-term relationships.

Keeping you informed
We make it a priority to keep you informed with the latest Expat & Financial News relevant to your expat lifestyle and also important matters pertinent to your financial affairs. We do this through our website, twitter, facebook & newsletter bulletins. Our clients also benefit from being able to view their individual portfolios through our highly secure web portal wherever and whenever they wish.

Your personal advisor is always available to answer any questions you may have.

Understanding your concerns and needs
Certainly, each client whether individual or corporate, has a unique set of circumstances and requirements. Our job is to listen, as well as advise and to understand your needs, and then create a mix of assets to suit your needs and circumstances.

Our experience shows us that the basic objectives for most clients have common characteristics which are; to maintain and enhance the value of your capital; provide regular income; to minimise your tax liability; to plan for estate and inheritance planning in the most tax efficient way. We ensure that your financial planning is flexible and is able to change in accordance with your needs and changes to your lifestyle or location. Our service has been carefully designed to ensure that you receive the best possible advice to optimise your financial position at every stage of your life wherever you are located worldwide.

Long term planning
We can help you plan for the transfer of your assets on death and advise you on reducing tax liabilities in order that your selected beneficiaries will receive the maximum benefits. We will help you to ensure that your financial affairs are dealt with in an effective and professional manner and that consideration is taken for material changes in your life.

Our Senior Staff
are our primary asset in assisting our clients achieve their financial objectives, you can meet them here.

International Pension Planning

International Pensions



In order to ensure that your retirement years are properly provided for, it is vital that you bear in mind the following: 

» Are your Health Needs in Retirement Provided for? » It is Never too Early to Start a Pension Plan » How well are Your Pension Assets Being Managed? » Is Your Pension Pot On Track to Meet Your Needs?  

International Pensions are specifically designed for Expats that need a portable pension that can move with them from country to country. Expats that have assets in more than one country can also significantly benefit from an International Pension.

Many expats find that for one reason or another the building up of their pension is their personal responsibility and is not something that is provided by their employer. We are able to help you structure your own personal pension plan by means of lump sum contributions as well as regular pension plan contributions.

Planning for retirement can be complicated, especially as an Expatriate. Let us remove the stress and strain and allow you to enjoy your retirement in full. We have extensive knowledge and experience of Expat retirement planning and can help make sure that your retirement is well planned for and that your retirement assets are professionally managed allowing you to enjoy a stress-free retirement.

Our Expert Pension Advice - This will help you avoid the complications of accessing your UK pension whilst abroad. We’re experts in Qualifying Recognised Overseas Pension Schemes (QROPS), which free up your UK pension for transferring abroad without tax deduction.

Professional Asset Management – We can select and manage the assets that meet your requirements, and manage them in a way that suits you. Your pension assets can provide retirement income to you in the currency or currencies of your choice.

Tax Planning – We have in-depth experience that can help you reduce your tax burden. Evaluating the best tax strategy for you is an important part of protecting and preserving your wealth for both you and your beneficiaries.

Wills and Trusts Planning – We can advise you how best to ensure that your assets are preserved ensuring that they are passed to your beneficiaries in the most tax-efficient manner.

Pension & Retirement Planning Audio Slideshow



 

 
 

Seminars

Seminars are very useful for acquiring information & understanding on any & all topics. Pryce Warner International give seminars to interested individuals, groups, associations & corporations throughout the world. By clicking on any seminar in the list below you will be able to see the content of the seminar and contact us if you or your group wish to attend.

Should you wish us to give a seminar to your group/expatriate association/ company et al we will be please to do so. You just need to provide us with your location, the likely number of attendees and the financial subject of your choice & we will be pleased to organise the seminar according to your requirements.

For further information contact David Harra at dharra@prycewarner.com or call +44 (0) 20 7735 5885.

2013 / 10

2013 / 11

2014 / 02

2014 / 03

2014 / 04

2014 / 05

2014 / 06

Corporate Planning

When you are busy running a business on a day-to-day basis, you often don't have the time to really look too far ahead or engage in a corporate financial planning strategy.

We can assist you in the investment planning of your retained earnings, thereby providing an additional source of revenue for your company.

We have great experience in assisting companies in tailoring benefits packages for Directors and Key Company Employees.

At Pryce Warner International Group, we have the time and expertise to review the financial areas that could help protect the company and benefit your business in the long term.

Business Insurance The range of commercial insurance types can often seem daunting, but failure to have the right type or amount can often result in dire consequences.  Our advisers can work with you to identify the most cost effective way of ensuring you obtain the right type and level of protection required.

International Employee Benefits

Pryce Warner International Group have an extensive network of contacts worldwide to assist us and our clients in dealing with all types of international employee benefits, including retirement schemes, life insurance, private medical, long term disability and personal accident plans for both local nationals and expatriate employees.

Our list of key services includes:

» Initial advice, the setting up and maintenance of international benefit schemes » Informing clients of state benefit levels country by country » Research of alternative providers via our network of contacts » Implementation of new arrangements » Cost analysis and projections  

Emigration Services Moving country requires detailed analysis of your future career, accomodation arrangements, health insurance, pensions and investments.  From leaving your home country to settling efficiently into your new country, Pryce Warner International Group can help you with all your financial issues and introduce you to our network of experienced specialist companies to ensure your move is as smooth as possible.

Multimedia Client Information

Audio Slideshows
» About Pryce Warner International Group » QROPS Client Information » QNUPS Client Information » Private Investment Banking » Property Purchase & Investment » Guaranteed Deposit Rates » International Tax Planning » Education Fund Planning » Asset Management » Wills & Estate Planning » Pension & Retirement Planning » Referral Agents » Careers » UK IFAs » Mobile News » FAQs
Powerpoint Slideshows » Pryce Warner International Group - Services » QROPS - Clients Services » QNUPS - Clients Services » Private Investment Banking » Property Purchase & Investment » Guaranteed Deposit Rates » International Tax Planning » Education Fund Planning » Asset Management » Wills & Estate Planning » International Pension » Referral Agents » Careers » UK IFAs
 
Podcasts » QROPS - What is a QROPS Overseas Pension? » Pryce Warner Retirement Planning » Moving Abroad Expat Check List » How To Reduce Inheritance Tax
Videos » QROPS - What is a QROPS Overseas Pension? » How to reduce your inheritance tax? » Do Your Investments Stand The Test » Moraira Property in Costa Blanca Spain » Dordogne Property » Antibes property South of France » Caribbean property Barbados, Bermuda, Cayman » Portugal property » European Property » Worldwide Property: Dubai, U.A.E
 
Testimonials » Read all Testimonials
PDFs
» End of Year Tax Planning » Statutory Residence Test » Tax, Inheritance & Investment Planning using Portfolio Bonds » Tax, Inheritance & Investment Planning using Portfolio Bonds Principal Points

Podcasts - Client Information

QROPS - What is a QROPS Overseas Pension?
 


Pryce Warner Retirement Planning
 


Moving Abroad Expat Check List
 


How To Reduce Inheritance Tax
 
 


 

Videos - Client Information

QROPS - What is a QROPS Overseas Pension?



How to reduce your inheritance tax?



Do Your Investments Stand The Test



Moraira Property in Costa Blanca Spain


 

Dordogne Property



Antibes property South of France



Caribbean property Barbados, Bermuda, Cayman



Portugal property



 

European Property



Worldwide Property: Dubai, U.A.E


 

 

 

 

Testimonials

Johannesburg, South Africa
We needed to structure pension and investment income in a tax efficient manner, minimise exposure to UK death duties and to construct a portfolio to protect us from the type of losses that have caused anxiety in the past. Pryce Warner have done this extremely professionally.
 

Amsterdam
Having used the services of numerous ex-patriate banking & investment groups I consider myself able to to be objective in Wealth & Asset Management. You have provided personal service, excellent investment results and that is what I was having difficulty in obtaining previously. Thank you Pryce Warner
 

Buenos Aires, Argentina
Pryce Warner International have provided us with a very effective and professional service. As experienced investors our relationship with PWI has proved to be a sound decision. First class results and our account manager has proved his worth many times over.
 

Tokyo, Japan
Becoming clients of PWI was one of the best decisions we have made, great client service, very satisfactory investment performances. We are able to view our investment performances online. Your team in the Private Client Division are informed and very effective
 

Bahrain
As long term Ex-Pats we needed to take responsibility ourselves for our retirement planning. Pryce Warner have done an excellent job for us in planning for our children's education & future university costs. The performance & management of our existing investment portfolio is first class. Your level of client service is excellent and meeting with our Pryce Warner Consultant twice per year keeps us up to date on our current & future planning.
 

Villefranche-sur-Mer, France.
Thank you to the PWI Mortgage Planning Division for an excellent personal service. As Brits moving to France your help was invaluable. Our very limited French language skills did not present a problem thanks to the help we received from your excellent multi-lingual team. The advice and re-structuring of our investments & pensions has resulted in a greatly enhanced retirement lifestyle for us. The fact that professional personal service is always on hand is a great comfort to us.
 

Bergerac, France & Oxfordshire UK
We became clients of PWI after attending an introductory seminar at one of the company ‘Open Days’ in their Paris office a few years ago. Going along to the ‘Open Day’ was one of the best decisions we have ever took. The team in the Private Client Division provides us with excellent service and we are agreeably impressed with the investment performance they have delivered.
We are able to access our investment portfolios ‘on line’ and the forward planning we have done to minimise taxes will ensure our children and grandchildren benefit from our assets in the future.
 

Mougins, France & London UK
As ex-patriates of some 25 years standing we have lived in many countries and consulted a number of different companies about our financial affairs. Now as clients of PWI we have finally found the ‘peace of mind’ we have been looking for. PWI expertise, attention to detail & personal service is the best we have ever encountered. We are very happy with our investment results and improved level of income. The ‘passing on’ of our assets to our children & grandchildren is very important for us and PWI has helped us to plan intelligently both for today and for the future.
 

Valbonne, France
Moving to a new country, in our case France, was for us a huge step. Thanks to PWI we were able to obtain a mortgage, structure our investments and have a regular income, which has made a fantastic difference to our lives. The multi-lingual team at PWI is excellent and the fact that we are able to view our investment portfolio on line is a great comfort. We always know where we are. Thank you PWI.
 

Brussels, Belgium
We wish we’d found PWI sooner! They have provided us with a truly professional service and brought organisation and order to our finances and investments. We now have significantly better returns and growth, and a regular income that we previously had not thought possible.
 

Monte Carlo, Monaco & London, UK.
I have worked with a number of investment management groups and have not always been impressed with their investment performance & level of service. With Pryce Warner International Group it has been a completely different story and I have finally found the results and personal service I was looking for. Having PWI managing my assets has given me true ‘peace of mind’ , excellent performance & results allowing me to concentrate on my business and what I do best.

 

QROPS Overseas Pensions

Could a QROPS (Qualified Recognised Overseas Pension Scheme) help you take greater control of your retirement planning?

QROPS overseas pensions are ideal for those living overseas but already have some form of pension plan in their home country, as it allows them greater flexibility, new investment opportunities as well as the possibility to reduce your tax burden.

If you live or are planning on living outside the UK for five years or more, you could benefit from a pension scheme of this type. In order to transfer your UK pension to an overseas scheme, the receiving scheme must meet the criteria established in HMRC's approved rules.

Pryce Warner International Group have over 40 years experience of international pension planning as well as hundreds of advisors in over 60 countries worldwide. We always endeavour to treat clients on a case-by-case basis, carefully assessing each individual’s unique set of needs to create a plan that is right for them.

We offer a free initial consultation, so, if an overseas pension is not suitable for you, there will be no fee.

QROPS Audio Slideshow

We can help you make the most of retirement today.

QNUPS Pensions

Could a QNUPS Pension help reduce the impact of UK Inheritance Tax (IHT) on the future of your assets?

QNUPS (Qualified Non-UK Pension Schemes) are a form of Overseas Pensions available to both those who are U.K. domiciled (whether U.K. resident or not) and are seeking to move their pension overseas.

QNUPS are most commonly used by Expats who are planning on retiring outside of the U.K. and are therefore potentially able to get a preferential tax rate in the country they are retiring in as well as alleviate U.K. inheritance tax (IHT). However, you do not need to be planning to retire abroad to be eligible, they are available to anyone who is U.K. domiciled (whether U.K. resident or not).

The scheme was introduced by the UK Government on 15th February 2010 to correct an ambiguity in the earlier legislation. The initial intention was to exempt a pension fund from IHT on the death of a pension member if no lump sum or other payment was drawn down from the retirement fund.

There are very specific benefits to the scheme, primarily that your assets are effectively removed from the U.K. tax net and introduced to a new tax environment depending on your residence. This can lead to a substantial increase in income derived from your retirement fund.  Individuals can also invest more regularly into their retirement fund than the UK annual allowance of £50 000.

Pryce Warner International Group have over 40 years experience handling retirement planning for Expats and we have hundreds of advisors in over 60 countries worldwide. We always ensure to work with clients on a case-by-case basis, carefully assessing each individual’s unique set of requirements to create a plan that is tailored to their needs.

We offer a free initial consultation, so, if this scheme is not suitable for you, there will be no fee.

QNUPS Audio Slideshow

We can help you make the most of retirement today.

Education Fund Planning

Education fund plans are becoming more and more important, as the cost of education from kindergarten to post graduate and beyond has increased significantly over recent decades and particularly so in the last few years. With education fees continually increasing, making provisions for your children's education requires a long-term plan.

The earlier you start your plan the better. Depending on your own objectives, you may choose to target one or all of the different stages of your children’s education:

» Primary » Secondary » University/higher education » Post University Degrees » Business or Many other forms of career training Education fund plans can take a number of forms, they can work as trusts, as part of an investment portfolio or a more straightforward saving scheme. Our financial advisors can help you find which form of plan would suit you best, and offer a much higher rate of return on investment that traditional savings accounts. With over 40 years experience, we can ensure the decision whether to go on to higher education can be made on ability, not financial standing.

Education Fund Audio Slideshow

Investment Services

Pryce Warner International Group provide a range of professional investment services. We offer Asset Management, Guaranteed Deposit Rates, Multi-Currency Investment Accounts, Wealth Accumulation & Private Banking.

Investments are available to small and large scale investors alike, and Investors can benefit from low tax rates by holding their investment funds in carefully chosen jurisdictions.

Individuals are often understandably concerned about the risks involved with investing. There always remains the possibility that you can lose money on investments, but the flipside of this risk is that you potentially gain much more than you do from savings interest rates. Savings interest often do not outpace inflation, which means they are losing money, and savings are only automatically insured up to £85 000. When you consider this, the additional risks involved in investing start to seem less problematic. Whilst there is always risk in investing, our proven track record of results shows that we know how to minimise that risk, and keep assets growing.

Our services can be combined with Inheritance planning, so your legacy can be passed on to anyone, avoiding any forced heirship regulations that may apply in the investor's country.

Our wealth managers can help you structure your savings and investments for maximum tax benefits and protection of capital. With over 40 years International finance experience, we know how to protect capital and achieve balanced growth.

International Tax Planning

When badly managed, international tax planning can be one of the most stressful and potentially hazardous aspects of expats working abroad. With expert knowledge and careful tax planning however, you can achieve full compliance and retain your wealth.

We can help you make the most of your newfound circumstances.

Our services include

» Personal financial planning for consultants: making the most of your personal financial situation and leveraging any benefits provided by the local authorities » Taxation compliance: The most important of any contract overseas is to ensure that you remain fully compliant in the eyes of your host country. A key aspect of our service is to ensure that this is always the case by means of accurate planning before the fact, and by taking care of your local tax return for you. » Expatriate taxation: Contracting abroad presents a number of advantages from a tax perspective, but care must be taken to remain compliant both in your host country and at home. » Offshore taxation services: There are many misconceptions and inaccuracies that are often repeated with regard to offshore tax. Depending on your circumstances, widely divergent laws may apply and varying advantages may be enjoyed, but detailed local knowledge and stringent attention to detail is required: There is no "one-size-fits-all" answer to questions such these. » We can help you make the most of advantageous situations, and avoid the common pitfalls of international tax. We will guide you at every stage of your contract, and take into account every detail of your personal situation in order to maximise your retention and compliance. In essence, if there is anything you are unsure about, we can help: from the most basic question to the largest project.

Tax Planning Audio Slideshow

International Wills Inheritance & Estate Planning

Whether you are planning a family, already have children or planning your retirement, it is essential to make a wil and have comprehensive estate planningl. International wills, inheritance and estate planning allows your assets (property, stocks, savings, etc) to be passed on to the people you love in a manner of your choosing and ensures that the value of your estate is not substantially reduced by inheritance taxes in your country of residence.

It is a common misconception that IHT only affects the rich. In fact, under UK inheritance tax law (IHT) any estate valued at over £325 000 (double for married couples) is liable to 40% IHT. Between the average value of property and savings, not to mention any stocks shares you may have, this means the majority of home-owners will likely be subject to IHT.

Imagine your assets are a big cake that's sliced up and distributed between your loved ones after you pass on. You want to control who gets each slice of the cake, how big their slice is and ensure that the slice that goes to the taxman is as small as possible.

For those that live and work internationally, it is even more important to a will in place. Working in one country, owning property in another and having dependents in a third can mean your estate may be subject to myriad of inheritance laws in numerous countries. For this reason it is a good idea to set up a will in every country where you own property and have your primary will in the country you are domiciled in for tax purposes.

The principal form of a will, a "Simple Will" leaves assets to another person or persons and will not protect assets from UK based IHT or protect your assets from claims for third parties e.g. a former spouse.

However, our services allow individuals to make much more detailed and complex provisions such as:

» You are free to decide how your assets are allocated » Minimising IHT » Ensuring your partner/children are provided for » If you are divorced, being able to decide whether or not to leave anything to your former partner/spouse To ensure the process of creating a will is as simple as possible, we've set-up an easy to use will-writing pack that can assist you in considering some of the decisions that you will have to make, e.g. appointing guardians for your children or dependants.

Wills & Estate Planning Audio Slideshow

Overseas Property

Looking to move abroad or perhaps you’re returning to the UK?

If so, we offer a range of services designed to make the process of purchasing and selling overseas property as simple and as worry-free as possible.

An estimated 1.8 million people from the UK will own or invest in an overseas property within the next 5 years, so if you’re looking to join them, why not first join our mailing list to get the very latest properties direct into your email inbox?

Buying & Selling Property

We have extensive experience in advising clients on buying property outside their home countries and have strong relationships with many English-speaking notaries, surveyors and specialised lawyers around the world.

If you are looking to sell your overseas property, then why not contact Pryce Warner International to show your property to an ever-increasing number of potential buyers? Our service is open to private sellers, estate agents and property developers. For private individuals you may list your property abroad for a flat fee, for all other enquires please contact us with your requirements.

We also have a comprehensive network of professionals with the local experience needed to make independent, intelligent assessments of investment property worldwide. Our staff are also multi-lingual, with comprehensive experience of real estate practices and regulations all over the world.

Mortgages & Equity Release

We partner with some of the world's most respected financial institutions to offer you a wide range of flexible, competitive mortgage solutions and insurance policies. The consultants in our in-house mortgage division are also able to advise on selecting the right type of mortgage, secure competitive rates and flexible repayment programs as well as all other aspects of your mortgage planning.

We also offer an equity release service that enables property owners to affect a cash release by borrowing money against the value of your home or homes. The monies released can then be used for whatever project you wish. Some common uses are;

» Increased retirement income » Home Improvement » Estate Planning » Educational needs for children &/or grandchildren » Additional Investment » Purchase of a second home » Travel The purchase of a family home, second home or other property investment can be central to planning for your long-term financial freedom and financial independence.

The consultants in our in-house mortgage division are able to advise you on all aspects of your overseas mortgage and property planning, everything from selecting the correct type of mortgage, securing competitive rates and flexible repayment programs, to putting you in touch with the best local or international moving companies.



» French Property For Sale
» Spain Property For Sale
» Portugal Property For Sale
» European Property For Sale
» Caribbean Property For Sale
» Worldwide Property For Sale
» Overseas Property FAQS
 

Living & Working Abroad Advice for Expats

The most important thing for Expats living, working or moving abroad to remember is to plan ahead and seek professional advice.

Even for people that have lived in several countries, relocating internationally marks a big change. Tax laws, property markets and day-to-day expenses can vary greatly from country to country, and it is highly important that you research the country you are moving to so that you can adequately prepare for these changes.

Even if you are returning to a country that you have lived in before, often tax laws change over time, so it is still necessary to ensure that you are fully protected.

That said, re-locating also brings with it new opportunities for savings and investments, which can be greatly beneficial if fully taken advantage of.

Contact Us

If you would prefer to speak to one of our advisors in person, we can arrange a meeting at one of our international offices. Any preliminary meetings are strictly no-obligation and are designed purely to assess whether or not our services may be of help to you.

 Please feel free to contact us at your most convenient office below. Alternatively, simply text the word "Callback" to +44 (0) 7920 195380 and let us call you back.

International Office (U.K): +44 (0) 20 7735 5885 
2nd Floor
Berkeley Square House
Berkeley Square
London
W1J 6BD 
View Map

Monaco: +377 97 97 29 22
9 Chemin de La Turbie,
Monte Carlo,
Monaco 98000
View Map

France: +33 (0) 1 39 73 87 66  
23 rue Balzac,
Paris 75008
View Map

Belgium: +32 (0) 2 403 6510 
6 Rond-Point Schuman,
Brussels,
Belgium B-1040
View Map

Email: clientservices@prycewarner.com

Our Expat Blog

QROPS Benefits

What are the benefits of transferring your pension to a QROPS?

» You are able to increase your monthly income from your UK-SIPP pension plan assets whilst at the same time minimising your exposure to currency fluctuations » Pension rights transferred into a SIPP-QROPS-HMRC approved are also now protected from UK inheritance tax (as introduced in the October pre-budget statement) » No need to buy an annuity or ASP (Alternatively Secured Pension) after 75 » You gain control of your retirement plan assets with the right to leave the assets in your plan to your chosen beneficiaries » You have the potential for increased growth of your retirement assets & reduced administration costs in comparison to your UK retirement plan » No UK income tax liability on income » 25%lump sum from retirement fund, 30% if resident outside the UK for more than 5 years » Fully portable from country to country » Greater flexibility in terms of how and when you draw down your assets Do not hesitate to contact us if you have any queries.

Transfer QROPS Pension Plans

If you transfer an existing QROPS pension plan to one of ours or open a completely new QROPS and transfer your pension plan assets and/or SIPP's to us, we will waive the new QROPS account fee, saving you £750.

So, if you have an existing scheme and are interested in changing provider or would like to set up a new scheme, contact us for a no obligation consultation with one of our expert advisors

Leading QROPS Providers

Pryce Warner International Group are amongst the leading QROPS providers and we primarily offer QROPS in Malta, though our QROPS are available in several jurisdictions, all of which are fully approved by HMRC.

Overseas pensions are not suitable for everyone, especially if you only plan to be overseas for a short period of time and intend to return to the UK before you retire. It is highly important that you seek independent financial advice regarding your options from one our fully qualified financial advisers before making a decision. 

We offer a free initial consultation, so, if an overseas pension is not suitable for you, there will be no fee.

The Key advantages of our QROPS over a traditional pension are;

» Transferable from existing QROPS schemes » Greater flexibility on drawing benefits » No limit on extra contributions or transfers » Flexibility on investment choice » Clear charges and no hidden penalties » Benefit payments are paid gross » Over 40 years experience » Bespoke service tailored around your needs

Overseas Pension for Expats

QROPS Overseas pensions are fairly new, and were introduced with the SIPP-QROPS-HMRC Approved (Qualified Recognised Overseas Pensions Schemes) by the HMRC (Her Majesties Revenue & Customs). In order to transfer your UK pension to an overseas scheme, the receiving scheme must meet the criteria established through the SIPP-QROPS-HMRC Approved rules.

At this stage, only Non-Protected Rights (money that you or your employer has contributed) can be transferred into a SIPP. It is anticipated that it will be possible in the near future to also transfer Protected Rights (SERPS, or S2P, rebates from your National Insurance Contributions from being Contracted Out).

Our QROPS are available in several jurisdictions all of which are fully approved by Her Majesty's Revenue & Customs (HMRC). HMRC state that the rules of the scheme must be broadly equivalent in terms of tax treatment, to a UK registered pension scheme and the scheme manager must provide HMRC with information on certain 'events'. Our QROPS are fully recognised and approved HMRC structures in the locations & jurisdictions in which they operate.

Overseas pensions are not suitable for everyone, especially if you only plan to be overseas for a short period of time and intend to return to the UK before you retire. It is vitally important that you seek independent financial advice regarding your options from one our fully qualified financial advisers.

We offer a free initial consultation, if the scheme is not suitable for you, we will advise you and there will be no fee. If it is suitable, ongoing advice can either be on a fee or commission basis and can be agreed beforehand.

Until recently it was very difficult to legitimately move UK retirement benefits built up during a working lifetime outside of the UK. All that has changed. You can now quite easily transfer pension assets outside the UK, as long as they meet the rules of the jurisdiction to which they are transferred and they are authorised in that jurisdiction as a pensions.

HMRC, backed by primary legislation, have put in place a pre-approved system whereby UK pensions rights can be transferred outside of the UK into a qualifying approved scheme at the pension holder's request.

To obtain approved status, the provider must meet a number of HMRC rules relating to how and when benefits can be taken, together with reporting requirements for five complete tax years after the member has left the UK. Not all schemes qualify, and therefore attempting to transfer into un-authorised schemes should be avoided at all costs.

In order to transfer UK pension rights into an approved scheme, the member must have left or intend to leave the UK for five years or more. In such cases, UK pension rights can automatically be transferred outside of the UK into approved schemes in the same they can be transferred between approved providers within the UK.

UK-based retirement assets may be transferred outside of the UK into an approved scheme either before the member commences benefit or once they have come into payment. This includes most types of scheme including income drawdown currently in payment and protected rights, which have accrued as a result of UK national insurance rebates. However it is not possible to transfer an entitlement to the basic UK state pension into an approved scheme, or to make a transfer after an annuity has been purchased, or Final Salary Schemes that are in payment.

Many approved schemes impose some restrictions, to the extent that an individual must be resident in the country into which they are transferring their pension benefits. However, others do not have this restriction and so there does not necessarily need to be a link between where the member lives and the geographical location of the scheme. This means individuals can choose tax friendly jurisdictions that have more flexible rules for how benefits can be taken.

A significant benefit for those who are not UK resident at the time they start drawing their retirement benefits is that payments from approved schemes will not suffer any UK tax. The jurisdiction in which they are resident for tax purposes may apply local taxes but with careful planning and specialist advice this can be minimised.

Once someone has been resident outside of the UK for ten or more complete tax years and has transferred their pension rights to an approved scheme, the reporting requirements to HMRC cease.

Do not hesitate to contact us if you have any queries.

QROPS Rules and Procedures

 An overview of QROPS rules and procedures 



Do not hesitate to contact us if you have any queries.

QROPS Glossary

Overseas QROPS Pension Plans » Qualified Recognised Overseas Pension Scheme. See QROPS for full details.

HMRC » Her Majesty’s Revenue and Customs, the tax authority for the UK

UK-SIPP » Self-Invested Personal Pension, a UK-government-approved personal pension scheme, which allows individuals to make their own investment decisions from the full range of investments approved by HM Revenue & Cusotms (HMRC).

Assets » Any and all holdings, savings, shares, stocks bonds, property, valuables.

Estate » The cumulative worth of your assets.

Expat/Expatriate » An individual who resides permanently in a country other than the one in which they were born/grew up. For example a UK citizen that lives, works or is retired in Spain and is domiciled for tax purposes in Spain would be considered an Expat.

FAQs QROPS Pensions

Below are some of the most frequently asked questions we receive regarding QROPS Pensions. If you have a query that is not answered below or you would like additional information, don't hesitate to get in touch with one of our expert advisors.



» 1. What is a SIPP-QROPS ? » 2. How are SIPP-QROPS-HMRC Approved structured? » 3. Should I transfer my pension to a QROPS-HMRC Approved? » 4. Which jurisdiction should I choose for my QROPS-HMRC Approved Transfer? » 5. Who can move their pension into a SIPP-QROPS-HMRC Approved ? » 6. Can I transfer my UK pension when benefits are already in payment? » 7. My pension has a large proportion of Protected Rights - can I move these into a SIPP-QROPS-HMRC Approved? » 8. When can I take the pension benefits? » 9. What is the minimum transfer I can make into a SIPP-QROPS-HMRC Approved ? » 10. Can I make additional contributions to my SIPP-QROPS-HMRC Approved ? » 11. Is there any Taxation on the Transfer? » 12. My UK pension is IHT protected - is a SIPP-QROPS-HMRC Approved ? » 13. Can I return to the UK after taking the benefits? » 14. What happens if I return to the UK before taking the benefits? » 15. What happens if I transfer to an international pension that isn't a QROPS-HMRC Approved? » 16. Can my existing UK pension transfer investments "in specie" rather than selling them and transferring cash to the QROPS-HMRC Approved? » 14. Can I invest in residential property? » 18. I am interested in transferring my UK pension to a SIPP-QROPS-HMRC Approved - What do I do next?
1. What is a SIPP-QROPS ?
A QROPS-HMRC Approved is a recognised overseas pension scheme that meets certain requirements. The rules of the scheme must be broadly equivalent in terms of tax treatment, to a UK registered pension scheme and the scheme manager must provide Her Majesty’s Revenue & Customs (HMRC) with information on certain ‘events’.

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2. How are SIPP-QROPS-HMRC Approved structured?
A SIPP-QROPS-HMRC Approved is structured in a similar manner to a UK pension; i.e. there is an investment vehicle which is owned on your behalf by a pension administrator (trustee). This trustee must be based outside the UK and approved by HMRC as a SIPP-QROPS administrator.

Through the investment vehicle you can access a wide range of cash, bond, property, hedge, equity and commodity funds - and switch between these funds as market conditions change.

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3. Should I transfer my pension to a QROPS-HMRC Approved?
If you are moving or are already residing abroad, with no intention of returning to the UK, then a QROPS-HMRC Approved may well be the best course of action.

However, if you have no intention of residing abroad but are simply trying to circumvent the rules that would apply to a UK registered pension, then The Overseas Pension is not for you. 

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4. Which jurisdiction should I choose for my QROPS-HMRC Approved Transfer?
The Pryce Warner International Group QROPS-Qualified Recognised Overseas Pension Scheme is available in Malta, a juridiction that is fully approved by Her Majesty’s Revenue & Customs (HMRC). This location is strictly regulated and provide our clients with well regulated and tax efficient solutions.

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5. Who can move their pension into a SIPP-QROPS-HMRC Approved ?
Anyone who has been living overseas for 5 years or more ,or who intends to live outside of the UK for more than 5 years and who has a UK ‘onshore’ pension scheme. As such, this scheme applies as much to Australians, New Zealanders and South Africans (and any other nationality) who have worked in the UK as to British expatriates.

Individuals who have not been non UK resident for 5 years can also apply for a SIPP-QROPS-HMRC Approved if they believe they not going to return to the UK within 5 full tax years of leaving.

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6. Can I transfer my UK pension when benefits are already in payment?
It is possible to transfer a pension where benefits are in payment provided that they are not from an annuity or certain company pension schemes.

 

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7. My pension has a large proportion of Protected Rights - can I move these into a SIPP-QROPS-HMRC Approved?
Yes. However, in certain circumstances it may not be advisable to do so.. Protected Rights often have far more favourable terms than standard pension benefits so we would strongly recommend speaking to us before transferring protected rights. If an individual does decide to transfer protected rights, disclaimers will need to be signed to confirm the policyholder understands the potential implications.

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8. When can I take the pension benefits?
Technically, you can take the benefits from the day of transfer. However, virtually all of the investment vehicles will have a minimum term of 5 years (unless you have less than 5 years to retirement). It is important to point out at this point that the money being transferred has been set aside for your retirement and we would strongly recommend leaving a large portion of the pension value in the SIPP-QROPS-HMRC Approved until you reach retirement.

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9. What is the minimum transfer I can make into a SIPP-QROPS-HMRC Approved ?
There is no minimum level. However, it may not be efficient to transfer a single smaller pension into a SIPP-QROPS-HMRC Approved. We can advise on the most efficient vehicle based on the size of your pension ‘pot’ and the length of time you have until you retire. Generally the minimum is 50,000 GBP

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10. Can I make additional contributions to my SIPP-QROPS-HMRC Approved ?
Yes - depending on the investment vehicle being transferred into.

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11. Is there any Taxation on the Transfer?
A transfer of a registered pension scheme to a SIPP-QROPS-HMRC Approved is a Benefit Crystallisation Event (BCE). This means it will give rise to an additional income tax charge where the transfer exceeds the individual’s lifetime allowance. Currently, this allowance is set at £1,500,000. Below this amount there is no taxation at transfer. Anyone with a pension fund larger than £1,500,000 who is contemplating such a transfer should obtain specialist advice from Pryce Warner International Group before proceeding.

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12. My UK pension is IHT protected - is a SIPP-QROPS-HMRC Approved ?
At present, no. However, in the Pre-Budget Report delivered by the Chancellor of the Exchequer on 9 October 2007, it was announced that IHT “protection” is to be extended to UK tax relieved pension’s savings held in overseas pension schemes. The change will be backdated to have effect from 6 April 2006

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13. Can I return to the UK after taking the benefits?
Yes, you can return without prejudice. If you return to the UK then the transfer will have a neutral affect as UK pension regulations will apply to the QROPS-HMRC Approved. However, to ensure there is no taxable event, we would recommend staying offshore until the next tax year begins.

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14. What happens if I return to the UK before taking the benefits?
Yes, you can return without prejudice. However, to ensure there is no taxable event, we would recommend staying offshore until the next tax year begins. The SIPP-QROPS-HMRC Approved administrator will have to report this ‘event’ to HMRC and the pension scheme will become subject to UK pension regulations again. If the administrator does not do so, they will lose their approved status - if you do not inform the administrator, you are breaking the law.

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15. What happens if I transfer to an international pension that isn’t a QROPS-HMRC Approved?
There are serious tax implications if the scheme turns out not to be a QROPS-HMRC Approved, including unauthorized member payment and surcharge, as well as a scheme sanction charge.
The scheme sanction charge is 40% of the transfer value payable by the pension scheme. The unauthorised payments surcharge is 15% of the transfer value and would be payable by the individual.

UK-IFA's QROPS

We provide QROPS-HMRC approved transfer services for IFA's  (Independent Financial Advisors) in the UK and around the globe. We are more than happy to assist you and your Clients with QROPS-HMRC approved enquiries & transfers.

We have over 40 years proven experience in dealing with financial advisors in this capacity. It is often difficult for UK financial advisors to be able to find the products and structures that best serve the needs of Expatriates, as they often require their income in one or more currencies and require a different range of investments than would normally be found in a UK pension planning structure.

Pryce Warner International Group will work with you in conjunction with your Expatriate clients to deliver the best QROPS solutions.

For further information contact David Harra at dharra@prycewarner.com

Monaco office: +377 97 97 29 22

UK IFAs Audio Slideshow

QNUPS Guide

Our handy QNUPS guide tells you everything you need to know about setting up a QNUPS, so if you want to find out more and whether or not a QNUPS could help you, enter your details below to receive one of our FREE guides.

All information collected will be held in the strictest confidence and is transferred through our secure server.  Under no circumstances will your details be passed onto a third party.

QNUPS Pension Benefits

QNUPS benefits include:

» There is no upper limit on how much you can contribute into a QNUPS; this may be of particular interest to higher rate taxpayers » Flexibility to be structured in such a way as to avoid local tax liability dependent upon residency » Investment potential irrespective of age » You can continue to invest even after you have retired » Potentially avoids local inheritance tax and forced heirship laws, giving you complete control over how you wish to disseminate your estate » Available to UK resident/domicile and non-resident members » Discretion over distribution of residual fund upon death of member » Assets held in plan grow free of taxation-except for withholding taxes » There is a greater flexibility on paying into a scheme » You do not need to receive an income directly from employment to allow you to make a contribution
Do not hesitate to contact us if you have any queries.

Leading QNUPS Providers

Pryce Warner International Group are amongst the leading QNUPS providers on any QNUPS providers list and we primarily offer QNUPS in Guernsey, though our QNUPS are available in several jurisdictions, all of which are fully approved by HMRC.

Overseas pensions are not suitable for everyone, especially if you only plan to be overseas for a short period of time and intend to return to the UK before you retire. It is highly important that you seek independent financial advice regarding your options from one our fully qualified financial advisers before making a decision.

We offer a free initial consultation, so, if an overseas pension is not suitable for you, there will be no fee.

The principle benefits of a Pryce Warner International QNUPS are;

» Plan benefits are paid gross » Greater flexibility on drawing benefits » No limit on amount you can put into the scheme » Not subject to UK based inheritance tax » Can be structured so as to avoid local IHT » Considerable flexibility on the type and value of assets that can be transferred into the scheme » Over 40 years experience » Bespoke service based on your needs

QNUPS Legislation & Procedures

A brief overview of QNUPS Legislation & Procedures

» Client QNUPS enquiry sent to QNUPS providers, Pryce Warner International Group. » Pryce Warner International Group contact client and send letter of authority (LOA) for signature by client. » Clients send LOA to Pryce Warner by Email or Fax with original to follow. » Pryce Warner International Group then make a detailed review of the clients assets & prepare a detailed proposal for the client. » On the acceptance of the proposal the assets are moved to the QNUPS structure & managed by Pryce Warner International Group.  

QNUPS Pension FAQs

QNUPS Overseas Pension FAQs (and Vs. QROPS):

What Assets can be transferred into a QNUPS?
QNUPS are notably flexible in terms of asset transfer. Anything from shares, investments, property, works of art and even cash can be transferred to a QNUPS.

How will a QNUPS affect my retirement?
It is possible to retire at 55 with the requirement that you start drawing an annuity or drawdown before the age of 75. There are many ways this income can be taken as long as 70% of the fund is available for income. You can continue to contribute assets over the age of 75.

Do I have to Pay IHT on a QNUPS?
QNUPS are based outside the U.K. and as long as you meet the qualifying criteria, you do not need to pay any UK based IHT on a QNUPS.

Is there a limit to QNUPS contributions?
No, you are free to contribute as much as you are able to into a QNUPS. There is no maximum nor minimum limit for contributions to a QNUPS.

What are the investment benefits?
QNUPS fund managers have more freedom than those of other pension schemes due to breadth of assets QNUPS allow. This in turn allows a broader range of investment opportunities to arise form a QNUPS.

Are QNUPS available worldwide?
Yes, with some reservations depending upon personal circumstances & certain geographic locations.

Education Fund Guide

 under construction

Education Funding Plans FAQs

The Education Funding Plans FAQs we most commonly receive;

1. Which jurisdiction will the education fund be set up in?

2. Can I transfer an existing UK based plan to an overseas one?

3. Who manages the fund?

4. How secure is the fund?

5. What happens if I move country?

6. How can I be sure that all my information and financial details are handled securely?

7. What age should my children be when I start planning?

 

1. Which jurisdiction will the education fund be set up in?

Pryce Warner International Group education funds are available in several jurisdictions all of which are fully approved by Her Majesty’s Revenue & Customs (HMRC) requirements, these being Guernsey & The Isle of Man. Both of these locations are strictly regulated and provide our clients with well regulated jurisdictions and tax efficient solutions.

2. Can i transfer an existing UK based fund to an overseas one?

Yes, our plans are highly flexible and it will be possible to transfer funds from an existing one to a new international one.  In some cases this may require a letter of authority (LOA) from your existing provider.

3. Who manages the fund?

Pryce Warner International Group's fund managers select the underlying investment funds for each client portfolio. Each fund chosen has a long term proven quality track record of growth. Each fund within the portfolio has a dedicated fund manager of the specific fund selected. These experts research the companies that comprise the investment fund, to ensure that they offer excellent potential for growth. They alter the composition of the fund, by buying and selling the individual holding to maximise the return.

4. How secure is the fund?

Pryce Warner International Group select funds and investment products for clients which are subject to the closest and most stringent standards and in many cases are subject to investor protection structures which ensure that investments are protected against corporate failure and fund mismanagement. Portfolio Values will reflect changes in the underlying value of the investments within the portfolio.

5. What happens if I move country? 


Should you move, we would still expect to keep in contact with you through the normal methods of communication, including fax and e-mail. Using the Internet you may view your unit statements and other account information, review market summaries, contact your consultant via email and access information related to financial and investment markets.  In terms of the fund itself, as this will be based outside your country of residence it will not be directly affected by moving to a new country.

6. How can I be sure that all my information and financial details are handled securely?


With over 40 years experience in handling expat financial planning, we deeply understand how important it is to handle client's information with the utmost care and confidence. This is why all your information is stored in our secure database and is only accessible by you and your advisor.

7. What age should my children be when I start planning?

Though a plan can be started at any time, it is best to start as early as possible.  With tuition fees continuing to rise it is best to be prepared for whatever changes in tuition fees may happen in the future.

Education Fund Benefits

Education fund planning has one principal benefit: ensuring that you are able to provide the best possible education for your children.

With education fees becoming higher and competition for school places becoming much harder, it is more important than ever to ensure that you have enough squirrelled away to provide the best possible education for your child's ability. It is common practice to set up a simple savings account, but often there are many benefits to setting up a more comprehensive scheme, such as;

» Greater flexibility to input funds » Reduced tax burden » Higher rates of return than savings accounts » Global and currency diversified funds that protect against currency fluctuations » Broader range of investment opportunities

Education Fees Tax Deduction

It is occasionally possible to get an education fee tax deduction, though this will always depend on indivuduals particular circumstances.

For more details and to find out if this may be possible for you, please feel free to download our courtesy guide or don't hesitate to contact us.

EFA Education Fees & Awards

EFA education fees and awards are new forms a financial support for education fees being introduced by the EFA (Education Funding Agency).  The EFA is a new government body in the UK that aims to take over the rubric of the Partnership For Schools (PFS) along with the Department for Education.

It is expected that the transfer of responsibilities will take place in April 2012.  The Education Funding Agency will take over responsibility from the Young People’s Learning Agency for the funding of young people’s education and training.  This means that some Expats may be able to apply for support with education fees if their children are attending school or university in the UK.

Though it may be possible to get a bursary for school fees, it is always best to have a back-up plan in case you are unable to obtain them or the bursary only covers some of the cost.  It is also necessary to provide living costs as well as fees for education, which is something bursaries do not often provide.  This means a secure education fee fund will always be highly useful when planning your child's tuition, as it provides a safety net and resource pool should other forms of funding ultimately not be available.

Guaranteed Deposit Rates

Guaranteed Deposit Rates allow you to grow your savings and ensure that your money is protected. You benefit by having a guaranteed rate of return.

Once agreed, the Guaranteed Deposit Rate is fixed into a Guaranteed Investment Account that provides an attractive rate of interest, over a fixed term that you decide according to your needs. The amount, the term and the interest rate are fixed at the time of making the deposit, providing you with greater certainty when planning your finances.

At the end of the term, you will get your initial capital, plus any interest accrued on your investment at the guaranteed rate, without any of the risks associated with investing in the stock market.

We are able to advise you on the best interest rates available in British pounds and Euros, here are some current examples;

 

Currency	Term	Deposit Amount	Rate	Deposit Amount	Rate
Sterling	1yr	£50 000	3.50%	£100 000 +	3.75%
	2yrs	£50 000	3.75%	£100 000 +	3.95%
	3yrs	£50 000	3.90%	£100 000 +	4.00%
Euro	1yr	€50 000	3.30%	€100 000 +	3.40%
	2yrs	€50 000	3.45%	€100 000 +	3.70%
	3yrs	€50 000	3.65%	€100 000 +	3.90%

If investment capital is not being held tax efficiently, then it may be possible to restructure your holdings to ensure that you enjoy better returns on your investment and reduce the taxable amount. It may well prove advantageous to review your present strategies and investments with the objective of greater protection and diversification and where possible, enhanced income.

Multi-Currency Investment Account

Multi-Currency Investment Accounts can be denominated in a single currency of your choice. Within the account your holdings will also be globally and currency diversified, meaning you can withdraw assets from the account in the currency of your choice. This also provides a much higher level of protection against currency movements than traditional investment accounts.

Historically, the long term performance of our Multi-Currency Investment Accounts has enabled clients to withdraw regular income considerably in excess of bank deposits whilst also allowing the account value to appreciate at a mich higher rate.

Please note that this account requires a minimum investment of £85 000 (€100 000 or $135 000)

The principal benefits of a Pryce Warner International Group Multi-Currency Investment Account are:

» Monthly, quarterly or specified peroid withdrawals from your account » Distribution in the currency of your choice » Complete confidentiality and complete liquidity » Your portfolio will be managed by professional managers with over 40 years experience » Access to Global Funds & Fund managers » Assets held within an insurance policy wrapper giving 101% death benefit of account assets » Assets are held by a third party custodian » Flexibility to monitor and change the underlying investments as and when required » Portfolio can be monitored 24 hours per day 7 days per week online » International portability » Mimise your tax burden » Designate the beneficiaries of your choice

Asset Performances

Pryce Warner lnternational Group Portfolio Performances (as at 31st December 2012).
Performances are shown in % annual compound rates of growth.


Pryce Warner lnternational Growth Portfolio

This Portfolio is a Multi-Currency Globally Diversified Equity Portfolio providing comprehensive access to markets around the world & provides a suitable structure for investors requiring regular income provision.


Pryce Warner lnternational Growth & lncome Portfolio

This Portfolio is a Multi-Currenry Globally Diversified Equity Portfolio providing comprehensive access to markets around the world whilst at the same time providing added focus for the regular income needs of investors.


Pryce Warner lnternational Bond & lncome Portfolio

This Portfolio is a Multi-Currency Globally Diversified Portfolio providing comprehensive access to Bond & lncome Producing lnvestments around the world whilst at the same time providing for the regular income needs of investors.


Pryce Warner lnternational Property & lncome Portfolio

This Portfolio is a Multi-Currency Globally Diversified Property Portfolio providing comprehensive access to property markets around the world. The portfolio allows complete liquidity whilst at the same time accessing & investing in the global property markets in a diversified & balanced manner.

Wealth Accumulation

Build Your Wealth with our Wealth Accumulation Plan


Financial security means different things to different people. What does it mean to you?

» Enough money to pursue your dreams? » Paying for your children's college education? » Paying for a wedding, family trips or a vacation home? » Early retirement? Or even a retirement with the same lifestyle or better than you currently have? » Being able to leave a legacy to your heirs or favourite charity? Whatever financial security means to you, it begins with a plan for accumulating wealth. The longer you wait, the harder it will be to find the money you'll need to set aside to meet your goals.

Strategies

Start with the two fundamental principles for a successful accumulation program

Save at least 10% of your earnings, consistently and throughout your earning years.

» Examine your spending. Write down everything you spend for one month. Where can you cut back? » Reduce your debt. You can save hundreds, even thousands of £’s/Euros/Dollars in interest every year by consolidating debt and paying off high-interest debt as soon as you can. » Pay yourself first. Save or invest at least 10% of your earnings each month. Develop a sound investment strategy and stick to it over the long term.

» Determine your long-term investment goals. Where do you want to be 10, 20, or even 30 years from now? » Determine your time horizon. How much time does your money have to grow before you will need it? Don't forget to factor in the impact of inflation. » Assess your risk tolerance. Are you willing to ride out fluctuations in the value of your investments in order to achieve higher long-term returns? Or do you need to see regular and steady growth, with perhaps less fluctuation in return? » Diversify your money among different kinds of investments, a process known as asset allocation. » Invest regularly through a process known as investment cost averaging. The idea is to invest a constant amount at regular intervals. By doing so, you even out the cost of your investments over time.

Private Investment Banking

Pryce Warner International Group provide a range of professional private investment banking services from offshore banking and funds to offshore company formations and multi-currency accounts.

Private Offshore Banking is the setting up of personal and business bank accounts located outside the country of residence of the depositor, typically in a lower tax jurisdiction. Though offshore services often have a reputation for dubious financial activities and tax avoidance, in reality they are completely legal and highly effective ways of protecting and growing your assets.

Some of the key benefits are:

» Banking services that may not be available from domestic banks such as anonymous bank accounts that enable enhanced client privacy. » Some offshore banks operate from a lower cost base. » Interest paid by offshore banks is often credited without tax being deducted. » As part of our offshore services we are able to offer a comprehensive and competitive currency exchange service in all major currencies. We also offer multi-currency investment accounts that can be denominated in a currency of your choice. This is because the account holdings will be globally and currency diversified, meaning that you have the capacity to withdraw monies from the account in the currency of your choice. This also offers a significant level of protection against currency fluctuations.

You will also be able to monitor your portfolio online 24 hours a day, 7 days a week.

Historically, long-term performance has allowed clients to take regular income withdrawal considerably in excess of bank deposits whilst also allowing account value to continue in appreciation.

Please not that this account will require a minimum investment of £50,000.00 or €80,000.00

We have over 40 years international finance experience and would be more than happy to assist you in setting up your personal (or business) flexible, stable and confidential, offshore bank account.

For additional details or to speak to an advisor today, please use one of the contact forms on the right-hand side of the page.

Private Banking Audio Slideshow

Questions Investors Should Ask Themselves

Experience has shown us that many savers & investors often do not plan their savings and investment needs as well as they could do.

Here are some pointers & some questions that you should ask yourself.

» Are my investments protected in the event of financial failure of my bank, broker or financial institution » Each calender quarter, what are the value of my investments » Each year what are the value of my investments? » What is the annual compound rate of growth of my investments over 1-3-5-10 yrs? » Are they globally diversified? » Do I have a balanced portfolio of investments? » Do I have enough cash content to serve my need for the next 6-12 months? » Are my investments invested in the appropriate currency for my living needs? » Is there a way that I can reduce my exposure to currency fluctuations? » Is there a way that I can produce more monthly income without reducing the value of my investments? » Have I maximised tax planning for yearly requirements? » Have I structured my investments to minimise taxes on my assets regarding inheritance considerations? » Can I move my UK-SIPP's & Pension Plan Assets to a structure that will better serve my needs-QROPS-HMRC Approved? » Does my present plan really work-see question 3 & 4? » Can I view the value of my investments 24/7 online? » Does my Financial Advisor review my needs on an ongoing basis-at least twice per year? The above questions are extremely important in assessing whether your current actions are meeting your needs.

Investment FAQ

1. Who manages my investments ?
Pryce Warner International Group's asset managers select the underlying investment funds for each client portfolio. Each fund used has a long term proven top quality track record of growth. Each fund within the portfolio has a dedicated fund manager of the specific investment fund selected. These experts research the companies that comprise the investment fund, to ensure that they offer excellent potential for growth. They alter the composition of the fund, by buying and selling the individual holding to maximise the return.

2. How do I receive the benefits from my investment ?
In the case of regular withdrawals, we arrange for the amount required to be transferred to the bank account of your choice anywhere in the world. This also applies for any partial or total lump sum amounts you may wish to encash.

3. How secure is my investment ?
Pryce Warner International Group select funds and investment products for clients which are subject to the closest and most stringent standards and in many cases are subject to investor protection structures which ensure that investments are protected against corporate failure and fund mismanagement. portfolio values will reflect changes in the underlying value of the investments within the portfolio.

4. How do I send my funds to the relevant investment company?
All client investment monies go directly to the institutions selected. For capital investments, transferring the funds by telegraphic transfer is the easiest option. Otherwise a bankers draft is acceptable. For regular investments, a bankers standing order is the most popular, though in many cases investment companies are able to collect contributions by credit card.

5. Can I contact the relevant investment companies directly myself ?
Yes of course. All companies issue an account number to every client, and full contact details are supplied with the investment schedule. You may contact them directly. Though our clients generally prefer us to assist with any administrative procedures.

6. What happens if I move?
Should you move, we would still expect to keep in contact with you through the normal methods of communication, including fax and e-mail. Using the Internet you may view your unit statements and other account information, review market summaries, contact your consultant via email and access information related to financial and investment markets.

7. How am I able to obtain this comprehensive advice and ongoing support without being charged by Pryce Warner International Group?
Many international investment and insurance companies, banks and capital management companies do not have the marketing and sales forces in place to visit prospective clients, with a view to presenting their products and services. Also many are not allowed to offer advice. Consequently, they offer remuneration to independent financial brokerages when their products are used. In this way we are able to provide comprehensive, unbiased advice without charging planning fees. We are paid directly by the financial institutions with whom we place business. These fee schedules are clearly shown for each and every investment used.

8. Can I view my investments Online to Monitor Performance?
Yes, clients can view their investment portfolios 24/7 online.

Currency Services

We are able to offer a comprehensive & competitive currency exchange service in all major currencies. In a majority of cases we will be able to save you money on your currency exchange requirements.

Tax Planning Guide

End of Year Tax Planning

Click here to view as a PDF

This guide is intended to give you an outline of many areas of tax planning that may affect you as we approach the end of the current tax year, and that you may feel you need to discuss with your advisor at Pryce Warner International Group.

INCOME TAX

This applies to UK residents, in many cases this information will be of assistance to those British Expatriates who may have certain tax obligations within the UK Tax System.

Charitable Donations

HMRC gross up any and all donations made to charity. This creates a simple way in which you can reduce your annual tax liability.

What you can do:

» Higher rate taxpayers (earning £42 475+) can extend their tax band by the amount donated to charity. This allows them to pay more tax at the basic rate of 20%. » In households with more than one income, the higher rate taxpayer should make such donations. Tax Rates

From the 6th April 2013, anyone earning over £150 000 will pay an additional rate of Income Tax of 45%. If this affects you, you should consider whether or not it would be possible to defer any income so that it would fall under the lower tax rate.

Anyone earning between £100 000 and £116 210 has a restricted personal allowance and this creates an effective rate of tax of 60% on income within this band.

What you can do:

» Make pension contributions or charitable donations to reduce your taxable income. » Spread your assets more evenly between yourself and your partner. » Defer income into the 2013/14 tax year. Review your investments, and consider if they would be best served generating capital growth or providing income.

Pension Planning

The maximum pension saving that can presently be made whilst still allowing tax relief is £50 000. However, this can be a complex area and our personal financial planners can provide more information based upon your circumstances.

What you can do:

» Some individuals can carry forward any unused annual allowance from 2009/10. This would be lost if not used by April 6th 2013. » Stakeholder pension schemes can be established for non-earning spouses/civil partners and children or grandchildren. HMRC will gross up the maximum net payment of £2880 to £3600 each year. » Changes have been made to the state pension retirement age and the number of qualifying years of contributions needed to receive a full state pension. Whether or not you need to claim the state pension, it is always a good idea to double check what your entitlements are. CAPITAL GAINS TAX

What you can do:

» Make full use of your annual Capital Gains Tax exemption (£10,600 for 2012/13), as this cannot be carried forward into the next tax year. » Realise any accrued losses from assets or investments. Losses are offset against capital gains arising in the same year, and any excess losses are then carried forward. » Transfer assets to your spouse/civil partner if they are not utilising their annual exemption or would pay Capital Gains Tax at a lower rate. » The tax paid on capital gains depends on how much you earn, meaning pension contributions not only reduce your Income Tax rate, but also your capital gains tax rate. » If selling property, consider if the sale would expose you to Capital Gains Tax or if any form of Principal Private Residence relief would be due. INHERITANCE TAX

What you can do:

» When planning your inheritance remember that you can make gifts of up to £3000 per tax year. If no gifts were made in the previous year the exemption can be rolled forward for one year only. » Gifts of up to £250 can be made to any number of separate individuals. » Exempt gifts in consideration of marriage/civil partnership - £5000 can be made by parents of either party, £2500 by a grandparent or by one party to the marriage/civil partnership to the other, £1000 by anyone else. Any gifts made, in any circumstance, should be documented. » If larger lifetime gifts are made, these will become exempt if you live seven years from the date of transfer. » Review the wills you have in place to ensure that they still accurately reflect your wishes. » Make use of both spouse’s nil rate bands. TAX-EFFICIENT INVESTMENTS

What you can do:

» Make full use of your ISA entitlement. ISA’s are not subject to capital gains or income tax, and have an annual contribution limit of £11 280 on stocks and shares ISAs and £5640 for cash ISAs. » Junior ISAs are available to for children who do not have a Child Trust Fund. Withdrawals are restricted until age 18. » Significant tax relief can be obtained by investing in either an Enterprise Investment Scheme. (EIS) or Venture Capital Trusts (VCT). An investment in an EIS of up to £1 000 000 can secure Income Tax relief of 30% as well as deferring capital gains. VCT investment attracts tax relief at 30% up to £200 000, although there is no capital gain deferral available. PENSION LIFETIME ALLOWANCE

The lifetime allowance is the maximum amount of pension savings you can accrue that can benefit from tax relief. Pension savings in excess of this allowance will face tax liabilities.

The pension lifetime allowance limit is currently £1.5m with this being reduced to £1.25m. Anyone approaching this threshold may want to consult an advisor to discuss how best to accrue pension assets beyond this level.

PENSION AUTO-ENROLMENT AND FIXED PROTECTION

Auto-enrolment is being introduced in order to make it easier for people to save for retirement. Employers must automatically enroll employees in a qualifying workplace pension scheme, if they are not in one already. It is possible that these contributions may expose you to a tax liability.

If you have registered your pension savings for ‘protection’, additional pension payments could take you over the annual allowance, thus creating a tax charge.

RESIDENCY CHANGES FOR 2013/14

Statutory Residence Test From

April 6th new rules will be in effect that determine whether or not an individual is resident in the UK. The proposed rules contain numerous exemptions and conditions and can potentially affect a large number of expats. An outline of the new rules can be found at http://www.prycewarner.com/pg-statutory-residence-test-325.html, but this is a highly complex area and personal advice should be sought immediately.

Split Domicile and Asset Transfer

It was previously the case that If a UK domiciled individual transferred assets to their non-UK domiciled spouse, an Inheritance Tax exemption of £55 000 applied on the value of the transfer. However, the ‘cap’ on these transfers will now increase to £325 000.

If this may affect you, you should carefully consider when you want to make these transfers or defer them into the next tax year if possible.

Additional changes state that whilst a death transfer from a UK domiciled spouse to a non- domiciled spouse suffers an IHT charge, from April 6th 2013 this issue can be overcome with appropriate elections when the death occurs.

PENALTIES

Penalties for late submission of Tax Returns apply even if there is no tax to pay. It is highly important that you make sure your Tax Return is filed before the deadline.

IMPORTANT DATES 2013/14

» 5th April 2013 – End of 2012/13 tax year » 31st July 2013 – 2012/13 second payment on account » 31st October 2013 – Last day for filing paper copy of 2012/13 Tax Return » 31st January 2014 – Last day for filing electronic copy of 2012/13 Tax Return » Balancing payment of 2012/13 tax and first payment on account for 2013/14

Statutory Residence Test

Click here to view as a PDF.

A new Statutory Residence Test (SRT) that determines whether or not someone is considered UK resident for tax purposes will come into force on April 6th 2013.

Expats have until that time to ensure that they will not be affected by the Statutory Residence Test. Currently, anyone that spends over 183 days or more in any one tax year, or more than 90 days on average per tax year over four years, will be considered UK resident by for tax purposes.

The SRT is divided into three parts.

First is a test to determine whether or not someone is ‘automatically non-resident’, then a test to decide If they are ‘automatically resident’, and If they do not fall into either of these categories, a sufficient ties test will be carried out.

The sufficient ties test determines residency based on a combination of the time spent in the UK with the number of ties a person has. Ties to the UK would include family, property, employment and social connections.

More details are below:

PART A - Automatically Non-Resident

You would be considered non-resident if any of the following conditions are met:

» Resident in one or more of the previous three years and visit the UK for fewer than 16 days, or » Non-resident in all of the previous three years and visit the UK for fewer than 46 days, or » Left to carry out full-time work abroad and visit the UK for fewer than 91 days, with fewer than 31 days spent working in the UK PART B - Automatically Resident

You are considered resident if Part A does not apply and any of the following conditions are met:

» Present in the UK for more than 183 days, » Have a home in the UK for more than 90 days and more than 30 days are spent there in the year. Whilst having that home, there is a period of 91 consecutive days during which time they have no home overseas or they have a home overseas but spend less than 30 days there in the tax year. » Carry out full-time work in the UK PART C - Sufficient Ties Test

If you are not automatically considered resident or non-resident as per Parts A and B, then first it is determined whether you are:

» an Arriver - If neither Part A nor Part B applies, then you first determine if you are: » a Leaver - someone who has been resident in one or more the previous three years The number of ties you have with the UK would then be examined to determine residency:

Family Ties - spouse/partner/common law equivalent or minor children are UK resident

Accommodation Ties - has accessible accommodation that is available for at least 91 days and the individual spends one night there in the tax year

Work Ties - you do not work full time in the UK, but perform more than 40 days’ work in the UK

90 day ties - you have spent more than 90 days in the UK in either of the previous two tax years

Country Ties (applies to leavers only) - you spent more days in the UK than any other single country in the tax year

The numbers of ties relevant are then combined with the days spent in the UK for that year and status is determined as follows:

Arriver

Impact of connection factors on residence                                  Days spent in the UK

Always non-resident Fewer than 45 days

Resident if individual has 4 Factors                                              46 - 90 days

Resident if individual has 3 Factors or more                               91-120 days

Resident if individual has 2 Factors or more                              121- 182 days

Always Resident 183 days or more

Leaver

Impact of connection factors on residence                                  Days spent in the UK

Always non-resident Fewer than 16 days

Resident if individual has 4 Factors or more                               16 - 45 days

Resident if individual has 3 Factors or more                               46 - 90 days

Resident if individual has 2 Factors or more                               91 -120 days

Resident if individual has 1 factor or more                                  121 - 182 days

Always Resident 183 days or more

 

In addition to the criteria laid out above, there are various exemptions and other, more minute criteria that are too numerous to list here. Whether or not any of this applies to you also depends on specific defitnions of what constitutes, full-time work abroad, a workday, and accessible accommodation. Specific rules also apply to International Transportation Workers, aircrew and lorry drivers.

Who needs to take action?

» Anyone living outside of the UK who intends to visit here after 6 April 2013. » Aircrew need to make themselves aware of the specific rules for their industry. » If you are currently non-resident and complete a UK Tax Return. » Those considering leaving the UK and subsequently being considered non-resident should be aware of the new legislation relating to splitting the tax year of departure and new temporary non-residence rules. Likewise if you are planning on returning to the UK after 6 April 2013, it is no longer a clear-cut case of being treated as resident only from the point of your arrival. Further changes may be made to the test, so check this page regularly for the latest updates. If you want more personalised advice on how this may affect you, please do not hesitate to contact one of our advisors today.

International Tax Planning Advice

Our advice covers a variety of international tax planning methods that Expats can use to help them reduce their tax burden.  These range from a variety of trusts and foundations, to setting up offshore accounts, to carefully managing the jurisdictions under which your portfolio of assets falls under.

Many Expats hold various assets in a variety of countries and this can make tax planning more complicated.  Often people find it complicated enough dealing with one tax authority, let alone two or three.  For this reason it can be extremely helpful to consult proffesional tax planning advisors, as often they will have a high level of experience dealing with tax authorities in several countries.

We offer many avenues for individuals to reduce their tax burden, however which are available to you will vary greatly depending on your circumstances and also your country of residence.  To discuss which options are available to you, please don't hesitate to speak to one of our advisors.

Expat Tax FAQs

Below are some of the Expat tax FAQs we receive, but if there is anything you are unsure about or if you have a questions not covered below, please don't hesitate to contact us.

1. Which country do I pay income tax in?
2. Do I have to pay tax in the U.K. and the country I work in?
3. Will I have to Pay National Insurance contributions when working abroad?
4. Will I still be eligible for tax credits in the U.K.?
5. When will I need to submit a tax return?
6. Will I get a better tax rate if I open a new bank account in the country I move to?
7. In which country will I pay tax on my pension?
8. Why Pryce Warner?
9. What are the benefits of tax planning?
10. Isn't tax planning highly complicated?
11. How does being an expat effect my tax planning options?
12. Who handles my tax planning?
13. How can I be sure that all my information and finances will be handled securely?

1. Which country do I pay income tax?
A. If you will be living and working abroad for more than six months you will be obliged to pay income tax in the country you are moving to.

2. Will I have to pay tax in the U.K. and the country I work in?
A. No, the U.K. has special double taxation agreements with all E.U. countries and many others to ensure that this does not happen.

3. Will I still have to pay National insurance contributions when working abroad?
A. No

4. Will I still be eligible for tax credits in the U.K.?
A. No, but Pryce Warner can ensure that any similar tax credit systems in other countries are taken advantage of.

5. When will I need to submit a tax return?
A. This will vary depending on the country you are moving to. Most European countries have their end of the tax year correspond with the calendar year. For countries outside the E.U. we can advise as appropriate. Simply call one of our advisors for more details.

6. Will I get a better tax rate if I open a new bank account in the country I move to?
A. No, but having a bank account in the country you move to will mean that you do not lose out on currency exchange fees during bank transfers.

7. In which country will I pay my pension and the associated tax?
A. Your pension should remain in the UK and pension contributions will be taxed according to UK rates. However, if you are planning on living abroad for a very long period of time or retiring abroad, it is possible to move your pension and get a better tax rate.

8. Why Pryce Warner?
A. In addition to tax planning solutions Pryce Warner also offers investment services, estate planning, will writing and pension planning. As all of these services tie in closely to overall tax planning, we believe it is in the interest of clients to have all of their assets managed under one roof. This way, you can more easily keep track of how your various assets and incomes affect each other, as well as get more comprehensive feedback and advice on how to best plan for your future.

9. What are the benefits of tax planning?
A. Proper tax planning is vital to your financial wellbeing for a number of reasons. The main benefit is ensuring that you are paying the correct amount of tax and that you are getting all the returns and breaks you are entitled to. As tax planning also effects your pension, the long term benefits are greater financial security and confidence that your assets are working for you in the most effective manner possible. If your tax affairs are not handled properly, you risk being audited or owing large sums of money in unpaid tax. With over 30 years experience, Pryce Warner International are able to ensure that this never happens.

10. Isn’t tax planning highly complicated?
A. When moving to live and work overseas, the tax procedures in a new country can seem overwhelming at first. However, with the right guidance and support, you will find that navigating an alien tax system can be relatively easy and stress-free. Pryce Warner International presently have clients all over the world. This has provided us with invaluable experience when dealing with tax systems the world over. With our expert knowledge you will be able to achieve full compliance and good retention, all completely stress-free.

11. How does being an expat affect my tax planning options?
A. Being an expat means that you will have to pay income tax in the country you now work, and you will lose any tax credits or breaks that you received in your previous country of residence. However, many countries will have myriad tax credits and savings that you will be able to take advantage of. Pryce Warner are here to make sure you are able to claim everything you are entitled to.

12. Who handles my tax planning?
A. Your tax planning would be handled by one of our expert personal advisors. See our contact section for details on how to speak to one today.

13. How can I be sure that all my information and finances will be handled securely?
A. With over 40 years of experience in handling expat financial planning, we deeply understand how important it is to handle client's information with the utmost care and confidence. This is why all your information is stored in our secure database and is only accessible by you and your advisor.

Tax Planning Procedures

Whatever tax planning solutions you require; whether it be reducing expat income tax or capital gains tax, Pryce Warner can help you. We recognise how difficult it can be for expatriates to manage the various demands of settling in a new country and re-organising your finances. In order to help make your transition abroad as easy as possible, we offer a range of services of which you are free to determine your level of involvement.

Pryce Warner International Group’s Tax Planning Services

Income Tax
This is a tax on most UK income (for most non UK residents) and on worldwide income (from most UK residents).

Capital Gains Tax
This is a tax on profits or gains made on the disposal of assets. There are exceptions and qualifications to Capital Gains Tax, for example, no tax is payable on any gain on the sale of a person's home as long as it is their main residence.

Inheritance Tax
Inheritance Tax is payable on your estate if it exceeds the threshold or nil rate. These rates have been modified (March 2011) contact us to review your position.

Wealth Tax (France & other European Countries)
This is an increasingly important area for expatriates becoming resident in their new country of choice. Please contact us & we will review your personal situation with you.

An Overview of Our Process

» Client enquiry sent to Pryce Warner. » Contact you to discuss your needs and long term planning goals. » Based on the country you are resident/domiciled in, discuss what tax arrangements need to made to suit your needs. » Determine your level of involvement in the long term tax planning and asset management process; we are more than happy for people to be heavily involved or let us do the work you. » If you already have any services set up relating to overseas tax planning we will arrange for an LEA (letter of authority) to be sent to you so that you Pryce Warner is able to help manage your affairs. » Help you through all the relevant assessment forms and tax enquiries, providing helping advice and solutions along the way. » Keep you up to date on all the latest news and developments through our newsletters, facebook page, twitter and the prycewarner.com news feed.

Tax, Inheritance & Investment Planning using Portfolio Bonds

Principal Tax, Inheritance & Investment Planning Advantages of Portfolio Bonds

» The ability to assign a plan to other individuals is a real benefit of the Life Assurance structure » Policy & the policy contents can be assigned to the chosen recipient without triggering a taxable event » It is possible to assign the overall plan so that an assignee becomes joint policyholder » Professional Portfolio product allows for up to 6 plan holders. » Once assigned all plan holders have joint ownership and therefore all decisions in relation to the plan must be made jointly. » The plan holders who have been assigned the policy can also reassign policies once they have been assigned. » No inheritance tax if the assignor survives the event by 7 years » On withdrawal the plan holder can avail of a 5% tax deferred allowance on withdrawals each year. » The allowance is cumulative so if the allowance is not used in a particular year it rolls up into the next year’s allowance. The 5% allowance is available until 100% of the premium has been returned to the policyholder » The 5% allowance is available until 100% of the premium has been returned to the policyholder » A withdrawal, not a full surrender, that is greater than 5% will be taxed at the marginal rate of income tax. » The benefit of the 5% tax deferral is that it allows the policyholder to time when they pay the tax. For example it is possible to make withdrawals from the policy within the 5% allowance and then surrender the policy at a later date when non UK tax resident and therefore have no UK tax liability. » The taxation of the policyholder only happens when the policy is surrendered or withdrawals are made from the policy. » Assignments to a lender as security over a mortgage are Disregarded Assignments and so the Chargeable Event is disregarded.  

Principal Investment Planning Advantages

» Globally diversified portfolios » Proven record of portfolio performance » Currency diversified » Professional Management » Ability to withdraw an annual income » Investment Holdings accumulate tax-free » Access to view portfolio account 24/7 via secure web connection » Twice yearly Advisor-Client Meeting to review your account » Direct Access to Your Personal Account Advisor as required by telephone and email  

Further detailed Information

Just to clarify the situation on withdrawals and surrender from a pooled portfolio bond when a client becomes or is UK tax resident.

» On withdrawal a client can avail of a 5% tax deferred allowance on withdrawals. So it is possible to withdraw 5% of the premiums paid every year without an immediate income tax liability. The 5% allowance is calculated on each premium (if more than one) starting in the year it was paid. The allowance is cumulative so if the allowance is not used in a particular year it rolls up into the next year’s allowance. The 5% allowance is available until 100% of the premium has been returned to the policyholder. A withdrawal, not a full surrender, that is greater than 5% will be taxed at the marginal rate of income tax. » On full surrender the actual gain on the growth within the policy is taxed as follows. » The calculation is: (Surrender Value + Previous Withdrawals) – (Premium Paid + Excess Gains) = Gain chargeable to tax » In the above calculation Previous Withdrawals are all withdrawals taken during the life of the policy. » The Excess Gains are any withdrawals taken over and above the 5% cumulative allowance that will already have been taxed. » So you can see here that the previous withdrawals that haven’t been taxed get added back into the calculation on full surrender so ultimately they will be taxed and any withdrawals that have already been taxed because they are over the 5% allowance also get added back into the calculation and removed from the gain. » The benefit of the 5% tax deferral is that it allows the policyholder to time when they pay the tax. For example it is possible to make withdrawals from the policy within the 5% allowance and then surrender the policy at a later date when non UK tax resident and therefore have no UK tax liability.  

Other benefits of the Portfolio Bond include

1. Gross roll up, the funds are owned by Generali International in Guernsey and not subject to any Guernsey tax so the funds can roll up gross.

2. The product is a life assurance contract which means that although the value of the policy is directly linked to the value of the funds within the policy, the client doesn’t directly own the funds so has no direct tax liability on the assets. The taxation of the policyholder only happens when the policy is surrendered or withdrawals are made from the policy.

3. Unlike direct holdings the policyholder can switch funds without selling them and therefore not suffer a Capital Gain. Generali international sell the funds and purchase new funds without a tax liability.

4. If the clients want to gift the policy in full or in part in the future, they can do this without having to dispose of the funds like they would have to do if they owned the funds themselves. It is possible to assign life assurance contracts.

5. The assignment route can be important in a number of scenarios. An example being if a father is sending a child to university and paying for the education costs, it might be more beneficial to assign the life assurance contract or part of it to the university going child and make use of the child’s tax allowances. If the Father was a higher rate tax payer or an additional rate tax payer there could well be a 40% or 50% tax charge on surrender or indeed if they held the funds directly they would have to dispose of the funds and have a Capital Gains Tax hit.

6. For UK resident plan holders the ability to assign a plan to other individuals can be a real benefit of the Life Assurance structure. Below is some information in relation to the situation of a UK Resident plan holder.

7. In order for the assignment not to be treated as a chargeable event and therefore not assessed for tax, the assignor must not receive ‘money or money’s worth’ for the assignment of the policy i.e. the assignment should be done by way of a gift. This compares favorably to direct holdings in funds and equities etc. where the owner of the funds is seen to be disposing of the asset in order to gift to another individual and therefore creates a potential capital gains tax liability.

8. The benefit of being able to assign a policy without incurring a chargeable gain can be beneficial, especially if gifting to a tax payer who pays a lower rate of tax than the current plan holder. So instead of the original plan holder surrendering the plan and incurring a chargeable gain at their marginal rate of tax, they can assign the plan (or individual policies within the plan) to the lower rate tax payer who surrenders and pays tax at the lower rate. As the assignment is made by way of a gift, the value of the assignment would still be subject to Inheritance Tax if the assignee is also UK Domiciled and does not survive 7 years from the date of the gift.

9. The Generali Professional Portfolio product is divided up into 20 individual policies (unless requested not to on application). As the individual policies are individual contracts of life assurance each individual policy, or more than one, can also be assigned to another individual, this is a way of subdividing the product so the original owner can keep control of the unassigned policies in full. It is also possible to assign the overall plan so that an assignee becomes joint policyholder, the Professional Portfolio product allows for up to 6 plan holders. Once assigned all plan holders have joint ownership and therefore all decisions in relation to the plan must be made jointly. They can also reassign policies once they have been assigned.

10. The choice of the assignee may have important tax consequences. Consider the situation where the assignor is a higher rate taxpayer and, post Assignment of a Plan, the future tax in relation to it is charged at the rates applicable to the assignee who may be a basic rate taxpayer. Also, for example, by assigning to a student or spouse without an income, any Chargeable Event Gain (e.g. on full surrender) may be under their Personal Allowance and therefore tax free*.

11. For elderly Plan Holders, an Assignment may also be a useful strategy for protecting Age Allowance. If a taxable person is aged over 65, he/she enjoys a higher Personal Allowance (this is £10,500 if an individual is aged between 65 and 74, and £10,660 for individuals aged 75 and over for the Tax Year 2012/2013). This enhanced allowance only applies if that person's income on a particular Tax Year is below a certain limit (£25,400 for 2012/2013). The Age Allowance is reduced by £1 for every £2 by which the total income exceeds £25,400, until it falls back to the standard Personal Allowance (£8,105 for 2012/13).

12. Assignments to a lender as security over a mortgage are Disregarded Assignments and so the Chargeable Event is disregarded.

13. Assignments of Offshore Bonds into and out of Trust would normally be purely by way of Gift and so would not trigger any Chargeable Events. Trustees may also consider assigning individual Policies to the Beneficiaries prior to full surrender in order to achieve a more favorable tax rate.

14. An Assignment as part of a divorce settlement is considered as an Assignment for money or money’s worth. However, following the observations of Justice Coleridge in G v G (2002), HMRC have been advised that where a court makes an order for ancillary relief under the Matrimonial Causes Act 1973 which results in a transfer of rights under an Offshore Bond, or ratifies an agreement reached by the divorcing parties on the division of assets including Offshore Bonds, then the spouse to whom the rights are transferred does not give consideration in the form of surrendered rights for their transfer and no Chargeable Event Gain can arise.

15. A part Assignment occurs when the 3 conditions below are verified:

» a) There is a change of ownership; » b) Either before and/or after the change in ownership there were two or more owners (multiple owners test), and » c) At least one person had an interest in the Plan both before and after the change in ownership (common owner test). Note that if all 3 tests are not met then it is likely that the Assignment will be a full Assignment of the Plan. 16. For the sake of clarity, after a part Assignment has been made, the assignee will be deemed to be the chargeable person of the individual Policies transferred as he/she is entitled to benefit from those individual Policies. By contrast, the assignor will be deemed to be the chargeable person of the remaining individual Policies (i.e. the individual Policies which were not transferred).

17. From a HMRC perspective, the chargeable person should do any calculation of a gain on each individual Policy, even if he/she has 20 identical individual Policies. If the chargeable person has made a gain from more than one individual Policy, and the gains from all of the individual Policies are identical, then he/she can add the individual gains together and include the total gains received an identical lump sum from each one.

18. A part Assignment is only considered a Chargeable Event if it is for consideration in money or money’s worth (part Assignments by way of Gift will not give rise to a Chargeable Event). The value of a chargeable part Assignment (see part surrender formula) corresponds to the proportion of the Plan that has been assigned.

If a Chargeable Event Gain is made Income Tax may be payable on it. Where the total value of all part surrenders and part Assignments (“transactions”) in the ‘final Insurance Year’ exceeds the amount of gain that would have otherwise been treated as arising on the Chargeable Event that ends the final year if the other “transactions” had not been taken into account (the “Gains Limit”) then the taxable amount under the Chargeable Event rules for the 'final Insurance Year' is limited to the “Gains Limit”. Where the Plan has been assigned in the ‘final Insurance Year’, the assignor is responsible for any potential Tax Liability**.

 

Case & Client Examples

*Consider a plan that had an initial premium of £100 000 across 10 individial policies which have grown to £150 000 (after 5 years) and £15 000 is then assigned to a non-income beneficiary over age 18. If this beneficiary fully surrenders that individual policy immediately the chargeable event gain would be £5000 (£15 000 - £10 000) and because the gain is below his/her personal income tax allowance (£6475 for the tax year 2011/12) no tax would arise.

**If an individual takes out an offshore bond with a single premium if £50 000 on March 1st 2005 and decides to part assign individual policies for £30 000 on Feb 1st 2011 and, finally, fully surrenders the plan for £40 000on April 1st 2011, then there is no need to calculate whether an excess gain ocurres on Feb 1st 2011 as the value of the part assignment (£30 000) will be included within the 'final gain' (i.e. the calculation of the chargeable event gain on full surrender is as follows: CG = (£40k + £30k) less (£50k + NIL) = £20k).

About Trusts & Foundations

TRUSTS

What is a trust? A trust is a legal relationship created by a Trust Settlement or Agreement, which is evidenced by a written document and established under the Laws of the relevant jurisdiction. The 'settlor'* of the trust would transfer ownership of assets to the trustees. Trustees are appointed in terms of the Trust Settlement to administer the assets of the trust for and on behalf of 'beneficiaries'.

The creation of a Trust relies upon the transfer of legal ownership of a person's assets to the control of a Trustee(s), who will then manage the assets for the ultimate benefit of the chosen Beneficiaries.

A trust is an efficient way to help you plan for such events in your family's life. You want your family to be able to enjoy the benefits of your wealth and be able to determine how your money is directed. A trust can be used in a number of ways to ensure that these wishes are met.

There are countries throughout the world where, upon death, assets must be divided according to local law. A trust, with chosen beneficiaries, can help ensure that your assets are distributed according to your wishes. The trust law has specific provisions to help avoid the potential problems caused by laws of forced heir ship that are applicable in some countries.

The person creating a Trust is known as the Settlor. To create a Trust, a Settlor transfers legal title of specific assets (which then form the Trust Fund) to the Trustee(s), who must then hold and manage the assets in accordance with the terms of the Trust (set out in the 'Trust Deed') and the special duties imposed by law. Only the named Beneficiaries can benefit from income or ultimate ownership of the Trust assets.

The most common use of trusts is for the protection of assets, deferment or mitigation of tax, creation/maintaining anonymity and inheritance planning.

A Trust Protector may be appointed to represent the beneficiaries and to guide the trustees in the exercise of their discretion and in accordance with the Trust Settlement. There is no legal requirement in certain jurisdictions to register trusts. Thus the identity of the trust, its settlor and beneficiaries remain anonymous.

In most circumstances, a trust is not liable to any form of taxation provided all the beneficiaries are not resident where the trust is located.

What assets may be transferred into a trust?

» Stocks and shares in quoted and unquoted companies » Investment portfolios » Real and intellectual property » Bank deposits • Property » Life assurance policies By establishing a Trust you know that any investment earnings in the assets underlying the Trust fund fall outside your estate for UK inheritance tax (IHT) purposes from the date the Trust is established. Should you live for seven years from the date the Trust is established, it is possible that the entire value of the investment at that time will escape the IHT net.

Trusts are useful for passing wealth intact through generations whilst at the same time allowing nominated beneficiaries to enjoy the benefits of that wealth. This is particularly important with assets that may not be easily divided between beneficiaries without losing some of their value.

An International Trust can last for a maximum of 100 years (known as the Trust Period). The Trust can come to an end at any time before the 100 year limit e.g. as soon as its purpose has been satisfied. Once established, however, the Trust is irrevocable.

FOUNDATIONS

The word foundation is generally perceived as a charitable or non-profit making organization. In fact only a small percentage of all foundations are charitable. Most foundations are set up for the protection of the founder’s assets and as a tax benefit.

The speciality of a foundation is that it has no actual owners but only a board of officers. This fact seems to be a minor juridical issue but actually it is of utmost importance. Once assets have been placed into the foundation the founder does not legally own them or have a requirement to declare them. Neither does he own the foundation. This is of particular interest in cases of bankruptcy, divorce or third party claims.

All types of assets can be owned by a foundation such as bonds, stocks, real estate and even patents or rights. Using a regular company structure there would always be a beneficial owner in the background and relatives or third parties could be informed about this. With a foundation there is legally no owner and even if somebody should be aware of a connection between the founder and the foundation, they cannot access the property of the foundation. Due to the fact that a foundation is a corporate body it allows for easy controlling.

The term of the foundation is unlimited and certain requirements or specifications may be fixed in the articles. These specifications cannot be altered or revoked at any time, even after the death of the founder. This ensures that the founders’ funds are only ever granted to whom he states.

A foundation is not formed in order to conduct business. It is made to manage and protect it's own assets. However it is a very common and useful structure to have a foundation as the owner of an offshore corporation. The profit of the corporation is regularly transferred to the foundation but should a bankruptcy of the corporation occur, it would not affect the foundation at all.

Advantages in forming a foundation

» The Founder can transfer assets into the foundation and legally declare he does not own them » No assets that belong to the foundation can be seized » Potential inheritors can not make claims against the foundation » Foundations are free from taxation • Foundations are not required to be charitable or non-profit making organizations

Types of Trust and Foundations

There are different types of Trusts and Foundations, each with their own particular features and benefits. We can help you choose which Trust would be best suited to your specific needs and help you legitimately reduce your exposure to UK IHT. The main types are;

» Discretionary Trust offering outstanding flexibility » Discretionary Gift Trust for greater control and UK IHT planning » Discretionary Loan Trust with the option to enjoy capital, when required » Discretionary Wealth Protector Trust for asset protection Discretionary Trusts

A Discretionary Trust is one of the most common and popular Trust solutions as a result of its ability to achieve a wide range of objectives, while retaining flexibility.

The original Settlor can be both a Trustee and a Beneficiary under the Trust. The Settlor has the comfort of knowing that although the Beneficiaries are named, the Trustees have the discretion, if circumstances alter, to change the Beneficiaries or change the level of beneficial interest they may have in the Trust at any time in the future. This is often an important consideration when the Beneficiaries are young when the Trust is established.

This Trust is best if...

» You are in a position to give away assets but wish to retain the option to benefit from the Trust yourself in the future. » You want to be able to have some control over who benefits from your estate and need the flexibility to change Beneficiaries as your family circumstances change. » You do not want your dependants to suffer delays in the distribution of your wealth, for example, as a result of onerous probate requirements on death. » You wish to retain a higher degree of confidentiality when it comes to your personal finances. Discretionary Gift Trusts

A Discretionary Gift Trust, as its name implies, can be an excellent choice if you are in position to gift your assets, without needing access to them in the future.

The Gift Trust allows the Settlor to give away wealth that will not be needed in the future. For UK domiciliary, the assets held within this Trust have the added benefit of being outside the Settlor's estate for UK IHT purposes after seven years, with investment earnings on those assets being outside the estate immediately.

By virtue of being a Trustee, a Settlor can still have an influence over decisions related to the Trust assets. Importantly, with the Gift Trust, the Settlor is not permitted to be a Beneficiary.

Main features

» Suitable where the Settlor wishes to start IHT planning and does not need access to capital, now or in the future. » The Trustees and Beneficiaries can be changed as circumstances change. » The Trustees have discretion over the level and proportion of benefit each Beneficiary receives from the fund. » The Settlor can be a Trustee. This Trust is best if...

» You wish to take steps to mitigate possible IHT liability for your family upon your death. » You have assets that you will not need to use in your lifetime. » You are not yet in a position where you wish to finalise the Beneficiaries under your Trust arrangement and the amount each is to receive. Discretionary Loan Trusts

A Discretionary Loan Trust, in contrast to the Discretionary Gift Trust, is an ideal way to establish effective UK Inheritance Tax (IHT) planning but without giving up the ability to enjoy access to your capital if and when you need it.

Suitable for individuals seeking to do some IHT planning but who do not want to give away their capital, the Loan Trust allows the Settlor to lend an amount of capital to Trustees. The Trustees then invest the loan. The Settlor can demand repayment of the loan at any time and repayments are usually made by way of regular withdrawals. Any investment earnings on the Trust assets belong to the Trustees and are automatically outside of the Settlor's estate for UK IHT tax purposes.

Main features

» Suitable where the Settlor is not ready to make a gift of capital but it is an effective start to inheritance tax planning. » The Settlor has full access to their capital at any time. » The Settlor has the flexibility to start and stop loan repayments. » The loan repayments will come back into the client's estate and can be spent or gifted within annual allowances to reduce the Settlor's estate. This Trust is best if...

» You wish to start inheritance planning that will help to mitigate IHT liability on your death. » You may need to have access to your capital at some time in the foreseeable future. » You may wish to have a regular income from the Trust, either to spend or gift. The effect of this Trust is to remove your assets from your estate. By taking this step, you can gain control and security as a result of the legal title to your wealth being held outside your country of residence.

Discretionary Wealth Protector Trusts

The Discretionary Wealth Protector Trust makes use of the Trusts (Guernsey) Law, 2007 to help strengthen the Trust by excluding foreign law on decisions relating to its validity. By transferring your assets to a Discretionary Wealth Protector Trust, you can potentially remove these assets from your estate, giving a number of possible benefits in terms of the protection and eventual distribution of your wealth.

In addition to other benefits of a Discretionary Trust, a Discretionary Wealth Protector Trust offers the following:

» The Settlor can make use of asset protection laws in Guernsey, which can help to protect one's assets. » The Settlor can make use of the Guernsey laws that prevent forced heir ship from outside jurisdictions. » A Beneficiary’s interest in the Trust Fund is automatically removed if that Beneficiary becomes bankrupt. You might use this Trust if... » You wish to do all you can to protect your assets for your family to enjoy. » You reside in a country where local laws can dictate how your estate is distributed on your death. » You wish to take your assets outside a politically volatile region. » You wish to keep your options open as far as possible as to who will benefit from your trust. Pryce Warner International Group has chosen Guernsey as a base for its Trusts as it is widely recognised by industry experts as being one of the foremost locations for the establishment of a Trust, based on the flexibility, protection and confidentiality that the Island's Trusts Law provides.

A Focused Range

Pryce Warner International's focused range of Trusts is designed to cover the majority of situations, providing simple, straightforward Trust solutions to bring an extra dimension to your financial planning.

In Good Hands

You can rest assured that our formatted Trusts are offered in conjunction with Generali. Generali is part of Assicurazioni Generali S.p.A (the Generali Group), which has the benefit of over 175 years' experience in providing savings and investment solutions for a wide variety of investment needs. The Generali Group has a truly global presence, operating in some 40 markets covering five continents.

How to Set Up a Trust and Foundation

We will discuss your circumstances with you in order to help you to set up a Trust and foundation based around the individuals that you wish to benefit from the assets and that you are intending to pass on. The specific type of Trust that we will recommend will depend on a number of factors, including whether you are likely to need access to your capital at any time, need an income from the investment and how much control you wish to maintain.

We offer all our Trusts and Foundations through Guernsey.

The enhanced Trust law in Guernsey provides protection against attacks from foreign courts by barring the application of foreign law in determining validity, variation and administration of the Trust.

The Trusts (Guernsey) Law, 2007 came into force March 2008 to the acclaim of the international finance industry. This now features tighter protection for both Settlors and Trustees and establishes a foundation from which Guernsey-based Trusts can continue to provide an excellent basis for successful financial planning.

Guernsey Trusts are not subject to Guernsey income tax as long as the beneficiaries under the trust are not Guernsey resident, and any income arising is from outside the Island. There are no gift, capital gains or estate taxes payable in Guernsey that might affect the value of the assets within a trust.

Guernsey's reputation in the fiduciary world is renowned for the quality of its Trust law and the professionalism of its Trust services. This was recently reinforced with The Society of Trust Estate Practitioners (STEP) announcing Guernsey as 'International Financial Centre of the Year, 2008.

To begin setting up a Trust and securing your loved ones financial future, contact us today.

Trust and Foundation FAQs

Below are some Trust and Foundations FAQs we receive about trusts and setting up a trust, if there is anything you are unsure about or if you have a questions not covered below, please don't hesitate to contact us.

1. What is a loan trust?
2. Does my Will not stipulate who gets my money?
3. Why should I consider trusts?
4. How wil Inheritance tax affect the value of my estate?
5. I'm still relatively young, can I postpone IHT planning for a few years?
6. How long do I need to live abroad before I lose my U.K. domicile?
7. What if my circumstances change or I change my mind?
8. Who could get hold of my assets if I don't properly prepare my estate?
9. So, with a trust I can say who gets my assets and when?
10. What else do I need to know?
11. If my estate is worth less than the IHT exemption Level, does that mean I avoid IHT completely?

1. What is a loan trust?
A. A loan trust is type of trust suitable for individuals seeking to do some IHT planning but who do not want to give away their capital. The loan trust allows the settlor to lend an amount of capital to trustees. The trustees then invest the loan. The settlor can demand repayment of the loan at any time and repayments are usually made by way of regular withdrawals. Any investment earnings on the trust assets belong to the trustees and are automatically outside of the Settlor's estate for UK IHT tax purposes.

Main features

» Suitable where the Settlor is not ready to make a gift of capital but is an effective start to inheritance tax planning. » The Settlor has full access to their capital at any time. » The Settlor has the flexibility to start and stop loan repayments. » The loan repayments will come back into the client's estate and can be spent or gifted within annual allowances to reduce the Settlor's estate. You might use this Trust if...

» You wish to start inheritance planning that will help to mitigate IHT liability on your death. » You may need to have access to your capital at some time in the foreseeable future. » You may wish to have a regular income from the Trust, either to spend or gift. 2. Does my will not stipulate who gets my money?
A. Not necessarily. In some circumstances your assets may not be able to go to the persons you set out, even though you have written a will.

3. Why should I consider trusts?
A. Our Trust range can provide you with a number of opportunities to enhance the effectiveness of your financial planning and help to protect your wealth. It is not surprising that an increasing number of people are now taking advantage of the many benefits that such Trusts offer.

4. How will inheritance tax affect the value of my estate?
A. This is a question that deserves some serious thought. The reality is that; unless you take appropriate action, the IHT net can spread over a surprisingly wide area and seriously undermine the ultimate value of your legacy.Fortunately, with the right advice and some careful forward planning, your estate's IHT liabilities can be kept to a minimum, giving you the peace of mind that comes from knowing future generations will receive the maximum benefit from your bequeathed savings, property and other assets.

5. I'm still relatively young, can I postpone IHT planning for a few years?
A. It is best to start planning for IHT as soon as you can if you wish to mitigate your future IHT liability. Establishing a Trust now could allow you to make the most of the opportunities it offers, given that some IHT advantages are only fully realised after seven years have elapsed. This does not mean that your plans are fixed as Trusts can adapt to changes in your circumstances.

6. How long do I need to live abroad before I lose my U.K. domicile?
A. Even if you have worked and lived outside the UK for many years, the UK may be considered your 'home' country (known as your 'domicile'). If so, the Inland Revenue will include the value of not only your UK assets but also your worldwide assets in calculating the worth of your estate for IHT purposes. By establishing a Trust, you can potentially take wealth out of your estate so that it is not included in your UK IHT calculation.

7. What if my circumstances change or I change my mind?
If your views or circumstances change you can change the Trustees, the named Beneficiaries and/or how your assets are split. With certain Trusts, you can even have access to your capital on an infrequent or regular basis.

8. Who could get hold of my assets if I don't properly prepare my estate?
A. Well, for one, there is the taxman - trusts can defer or, in certain circumstances, remove certain tax liabilities, including inheritance tax. Then there is what is known as 'forced heirship'. The law in certain countries can dictate the recipients of some of your assets when you die and how they are divided. A trust, where you can choose your beneficiaries, may help avoid this and ensure that your assets are distributed in accordance with your wishes.

9. So, with a trust I can say who gets my assets and when?
A. A trust allows you to determine how your assets are distributed in the future, something that is particularly useful if some of your intended beneficiaries are currently minors, or if you have concerns about family circumstances. A further advantage of putting your money into trust is that, on death, matters can be settled quickly and delays avoided, such as those that can arise in obtaining a grant of probate or letter of administration.

10. What else do I need to know?
A. Choosing the right Trust There are different types of Trusts, each with their own particular features and benefits. Your Financial Adviser can help you identify which Trusts vehicle is best suited to your specific needs.

11. If my estate is worth less than the IHT exemption Level, does that mean I avoid IHT completely?
A. Not necessarily, as this greatly depends upon your personal circumstances. For more information contact one of our personal advisors.

Inheritance Tax

Inheritance tax planning is one of the most important aspects of setting up a will and planning your estate.  If not carefully considered an unnecessarily large proportion of your legacy may end up being absorbed by inheritance tax.

Careful inheritance tax preparation can ensure that everything in your will can be passed on to the beneficiaries of your choosing without losing too much through inheritance tax.

Different countries have different laws, which means people who have assets in more than one country need to set up plans so that they are covered fully and understand which laws will apply to them.

The UK currently has a freeze on inheritance tax at the rate of £325 000 (double for married couples). This will remain in place until 2019. The freeze will push many more people into the inheritance tax threshold because their assets will grow in value, while the inheritance threshold will not move in line with inflation. For example if you currently have assets of around £300 000, you will almost certainly become liable for taxation, as your assets will grow over the threshold over the next six years. If you are an expat or UK non-domicilied, depending upon your circumstances there may be ways this can be reduced or eliminated.

We have over 40 years experience protecting legacies, and with hundreds of consultants around the world, we are easily able to advise the best course of action to take regardless of your country of residence.

Trusts & Foundations

The received wisdom is that international trusts and foundations are complicated structures. In reality, when thoughtfully applied trusts can help protect your assets, minimise UK inheritance tax and provide the comfort of knowing that your wealth is being efficiently distributed according to your wishes all with the minimum of fuss.

Pryce Warner International Group has a wealth of knowledge and experience to help grow, protect and distribute your financial assets. Our range of Trusts are designed to be easy to understand and require the minimum of documentation and administration. When considering the substantial benefits and peace of mind that it can bring, the short time it takes to set up a Trust could very well prove to be time spent wisely.

In subsequent sections please refer to the below glossary for a clarification of terms.

» Settlor: The individual who establishes the Trust » Trustee: Individual(s) or corporate entity(ies) that manage the Trust assets » Trust Deed: The legal document that sets out how the Trust assets are to be managed » Beneficiary: The individual(s) that may ultimately benefit from the assets within the Trust

Wills & Estate FAQs

Below are some Wills & Estate FAQs we receive, however, if you are unsure about anything specific or related to estate planning please do not hesitate to contact us.

1. In which country will I pay inheritance tax?
2. What constitutes my estate?
3. Do I have to list everything that I own in my estate?
4. What's the difference between and executor and a trustee?
5. Do I have to appoint a solicitor or bank as my trustees?
6. Does it matter if my executors live abroad?
7. Is there a limit to how many executors I can choose?
8. What is required of an executor?
9. What will happen if I die without a will?
10. How will having a life insurance policy impact my estate planning and will it be taxed?
11. How can a will protect my children?
12. How can I ensure my disabled child is protected?
13. What is joint tenancy?
14. If my marital status or partner changes, how can I change the ownership of my property?
15. Who manages my will writing process?
16. Am I free to change my will at a later date if my circumstances change?
 

1. In which country will I pay inheritance tax?
If you are British but no longer resident in the U.K. and you own property in the UK and/or abroad i.e. U.K. domiciled, the British tax man will be entitled to claim inheritance tax (IHT) on your worldwide assets. The current rate of IHT is 40% if your estate is worth over £325 000 (double for married couples). However, Pryce Warner offer various estate planning solutions that will help you minimise IHT and in come cases circumvent it entirely.

2. What constitutes my estate?
Property and everything you own minus any outstanding debts or money owed (mortgages) will be considered your estate. There are many complicated exemptions and inclusions that will depend on your circumstances. Contact one of our advisors for more information.

3. Do I have to list everything that I own in my estate?
No, only specific objects, collections or even amounts of money you want to go to particular people, or items/collections that are especially valuable.

4. What's the difference between an Executor and a Trustee?
The trustee is the person responsible for making the decisions that maintain the estate whilst it is held on trust before it is given to the beneficiaries. The executor is the person that carries out the wishes of the trustees during this period.

5. Do I have to appoint a Solicitor or Bank as my Trustees?
Anyone can be a trustee. However it is likely that when your estate is going through probate you will require some professional assistance. For this reason we recommend your will includes a clause that empowers your trustee to hire any professionals not previously nominated (If the appointed trustee is not a professional).

6. Does it matter if my Executors live abroad?
No, but for practical reasons it is best to appoint an executor(s) that reside in the same country as you.

7. Is there a limit to how many Executors can I choose?
You are allowed to appoint as many executors as you wish, but the law only allows four to act at the same time.

8. What is required of an executor?
The main role of an Executor is to carry out the wishes of the testator's estate. For more details please contact one of our advisors.

9. What will happen if I die without a will?
In this instance your family would need to choose a representative to approach probate, obtain and grant of letters of administration and ensure someone is appointed as the administrator for your estate. Your estate would then be distributed under the rules intestacy, which are very strict.

In this instance the law would not consider any wishes the deceased may have had, even if those wishes appeared obvious or were written down other than in a properly executed will. In fact, even an incorrectly executed will can be interpreted as constituting that the deceased had changed his/her mind as to whom the beneficiaries should be.

10. How will having a life insurance policy impact my estate planning and will it be taxed?
Life insurance/assurance falls outside of your estate and is not eligible for IHT. These types of policies can often be a good way to provide liquidity to pay for IHT and other expenses your beneficiaries may incur.

11. How can a Will protect my children?
In cases where both parents die before the children reach 18 and no will was left the courts will issue an order as to who will have custody of your children and how your assets should be invested. If you have children under 18 there are two provisions you can make if you wish that they be in control of your affairs.

The first is to nominate who you want to act as their legal guardians. The law stipulates that only one person need be nominated but it is common to appoint two, either grandparents or friends who are partners. You have the option to decide whether they will be jointly responsible or if you want one to be the first choice and the second a reserve.

The second part is to appoint a trustee(s) to manage your assets for the benefit of the children should both parents die before they reach age 18. For the sake of simplicity it is best to appoint a guardian as the trustee.

The trust created in the will should grant powers to the trustees to manage the funds for the benefit of the children the same way you would wish if you were still alive. This can include payments for items such as schooling and the provision of housing. It also may be necessary to make provisions for financial support of the guardians.

If you have young children it is highly important to consider these options and seek further advice, otherwise all arrangements will be dictated by the courts.

12. How can I ensure my disabled child is protected?
This matter is highly complex and therefore it is best to contact an advisor directly. The best option will vary according to many factors, not least the exact nature of the disability.

13. What is joint tenancy?
A joint tenancy means all parties that have signed the agreement own the property jointly and upon death the property automatically transfers to the surviving parties. What this usually means is that upon the death of one partner the family home purchased jointly will transfer to the surviving partner.

14. If my marital status or partner changes, how can I change the ownership of my property?
Switching ownership from joint tenancy to tenants in common requires a notice of severance of joint tenancy and needs to be signed by all parties.

In cases where a property is registered under only one partner of a couple, the property will need to be transferred into both names before the above can take place. This is a fairly simple transaction with only minimal costs compared to the long-term benefits.

15. Who manages my will writing process?
We appreciate that the process of setting up one's estate can be highly personal. For this reason we like to provide a one-to-one service so that you feel as confident as possible that your wishes will be carried out to the letter.

16. Am I free to change my will at a later date if my circumstances change?
Unfortunately it is not possible to amend or change a will once it has been approved. If your circumstances change and you wish to re-write your will you need to cancel the existing one and then create a new one with the relevant changes.

Wills & Estate Planning Procedures

Wills & Estate Planning Procedures are the process by which an individual or family arranges the transfer of assets in anticipation of death. An estate plan aims to preserve the maximum amount of wealth possible for the intended beneficiaries as well as provide flexibility for the individual prior to death.

Wills and trusts are common ways in which individuals dispose of their wealth.

Trusts, unlike wills, have the benefit of avoiding probate, a lengthy and costly legal process that oversees the transfer of assets.

Sometimes, it is possible to make inter vivos gifts (gifts made while the donor is alive) in order to minimise taxes.

Planned estate and inheritance planning will allow you to preserve your assets and distribute them in the manner that you wish whilst at the same time minimising taxes.

The broad method of our will and estate services is outlined below.

» Client makes an enquiry to Pryce Warner » We will then contact you and discuss your planning goals and which country you plan to retire in so we can find the best combination of services for you. » If you already have any services set up relating to wills or estates we will arrange for an LEA (letter of authority) to be sent to you so that you Pryce Warner is able to manage your estate. » Client decides on trustees and executors. » Client comes in for a meeting to arrange and sign documentation. » Pryce Warner will then ensure that all the necessary finalisations are in order, so you can enjoy peace of mind.

International Property Management and Consultants

Pryce Warner International Group have over 40 years of experience of international property management and consulting.  

Our international property management and consultant service is available to private buyers and sellers, corporations and investors.  We have many expert contacts around the world that ensure only the best international property management and consultant opportunities are considered.  Often, our international property consultants will find some of the best available property investment opportunities before they reach the open market.

We will help you indentify the best property investment opportunities for your needs and budget, then guide you through the purchasing process, aid in the management of the investment and offer regular consulting advice on how to ensure you make the most of your investment.

Our service is fully integrated globally, so whever you are in the world, and wherever you plan to be, you can rest assured that we will be able to assist you.  As we offer a global service, we can advise you on the best property investments in your location or the best globally to suit your needs.

With over 40 years experience in the field, our expert consultants can guide you through the entire process with ease.  From researching potential properties to eventual selling, we can make sure the process of investing in international property is managed as smoothly as possible.

To speak to one of our advisors today, please use the contact boxes on the right, or visit out contact page here.

International Property Purchase & Investment

Our property investment consultants act solely on behalf of our clients to provide impartial and objective advice on the purchase of buy-to-let investment property, unlike estate agents whose main duty of care remains with the seller.

An investment property is not a liquid asset and our clients are in it for the long haul. Choosing the right property in the right location, as well as being fully aware of your responsibilities as a landlord, is vital to ensure success.

With a high degree of local knowledge combined with in depth expertise, we recommend only the most exceptional buying opportunities. We have close links with local estate agents and developers allowing us to identify suitable properties, often before they even reach the open market.

With the support of our lettings, property management and asset management departments we are able to offer a fully global service from initial search right through to eventual disposal. Our Global network of contacts and clients ensures that there are always a wide range of properties available in many countries around the world.

Property Investment Funds

Investment Property Funds are an excellent way to diversify your portfolio and invest in property worldwide. This can be done in such a way so that you have a multicurrency investment portfolio.

Moving Overseas

Moving overseas presents a series of great challenges and opportunities, but with careful planning, the opportunities will easily outweigh the challenges. This moving overseas checklist highlights some of the most commonly overlooked areas.

International moving is by its very nature complex and costly, but careful planning can ensure that costs do not spiral out of control and that any new investment opportunities that may be available to you are taken advantage of.

One of the most vital aspects of leaving the UK is ensuring that you are no longer considered resident in the UK for tax purposes. Prior to leaving you need to ensure that all tax refunds you are entitled to are claimed, something our financial advisors can help you with.

Another key decision is whether to sell or rent any property you may own in the UK. Both options have benefits and drawbacks so it will take careful consideration of your circumstances to make the right decision for you.

One of the principal benefits of becoming an Expat is the opportunity to set up offshore savings and investments. These can prove to be highly beneficial and can help ensure that any expenses incurred during the process of moving do not prove to be too overwhelming. Along with this comes new ways to arrange your pension scheme, as Expats can benefit from specific pension services that are often much more secure than traditional ones.

Things to Remember:

When leaving the UK, there are many financial and personal elements that you will need to review. Here are some things to remember that have helped our staff when returning to the UK in the past:

» Bank Account » Set up a bank account in the country that you are moving to before arrival rather than doing that when you arrive. » Schooling » Research potential schools before hand and if possible, time your move over the summer holidays. » Housing » Consider renting in the short-term as you get to know your new area, it will also give you more time and flexibility to find a local house that you really want to buy. » Register » with a local doctor and dentist » Register » with the local council for council tax and local elections » Your Credit Rating » Depending on where you live evidence of you UK credit ratings will prove helpful in your chosen location. » Medical » Within the European Union you will be able to “transfer in” to the medical system of your chosen country but in many countries you will need to buy a comprehensive health insurance if this is not supplied by an employer. » Insurance » Ensure your contents and home insurance covers you in your new address

Moving To The UK

Whether you are moving to the UK for the first time or returning after living abroad, always make sure that you review your finances before doing so. It can be easy to under-estimate the cost of moving to the UK or overlook an element of becoming resident for tax purposes. In order to ensure total peace of mind, we recommend that individuals begin this process at least 18 months prior to re-locating.

As an Expat, certain benefits will be available to you when you arrive in the UK. One of these is that you should be able to reduce your income and Capital Gains Tax before your return to the UK. This forms a part of one of the most crucial aspects of relocating to the UK, ensuring that you are fully resident under the UK tax system.

Part of this process requires you to consider you financial situation and this may reveal some aspect in which it could be improved. Relocating to the UK offers ample opportunities to renew and improve your assets and portfolio. We have over 40 years experience helping Expats make the most of their finances so don’t hesitate to get in touch if you would like to hear how we can help you.

Things to Remember:

When returning to the UK, there are many financial and personal elements that you will need to review. Here are some things to remember that have helped our staff when returning to the UK in the past:

» Bank Account » If you have never lived in the UK before it is best to set up a UK bank account before arriving in the UK rather than doing that when you arrive. » Schooling » Under the UK system children cannot be enrolled in school until they are physically in the country. This means you need to research potential schools before hand and if possible, time your move over the summer holidays. » Housing » Consider renting in the short-term as you get to know your new area, it will also give you more time and flexibility to find a local house that you really want to buy. » Register » with a local doctor and dentist. » Register »with the local council for council tax and local elections. » Your Credit Rating » In order to have a credit rating in the UK you need specific bank accounts, ones that you may not have if you have never lived in the UK before or have lived abroad for some time. As credit ratings are necessary to get phone lines, loans, mortgages and credit cards ensure you discuss credit ratings with your bank before you move. » Broadband » Those that work from home should be aware that it typically takes two weeks to set up an internet connection in the UK. For this reason you may need to research alternatives during that period or arrange the installation for the day you move in. » Insurance » Ensure your contents and home insurance covers you in your new address.

Overseas Healthcare

The first overseas healthcare issue in this brief guide that any British expat will have to get to grips with is paying for medical treatment abroad. The UK is one of the few countries in the world where healthcare is provided free at the point of use. Other E.U. countries have a variety of systems, most of which require the patient to pay for medical bills that the government subsequently reimburses them for.

If you are moving to an E.U. country you can apply for an EHIC (European Health Insurance Card), which means you can expect the same access to healthcare as any citizen of the country you are in. However, these are really designed for tourists and short time visitors. It is important to remember that you are only allowed the same access that anyone else in the country is afforded. This does not necessarily mean that all treatments will always be free; dental care and consultations will usually have to be paid for.

If you are planning to move abroad for a long time it is best to research what health insurance programs are available as they may be more appropriate than short-term solutions like an EHIC card. Though the term “health insurance” can conjure up worrying scenarios of extortionate premiums, in most European countries this simply means that you are required to pay for healthcare at the point of use and the government reimburses you afterwards.

When moving abroad it can be easy to assume that healthcare overseas will be inferior to that in the U.K. or be worried that more complicated and advanced medical programs will not be available.

In reality the NHS ranks number 18 in the WHO’s list of the worlds best healthcare systems. So while it can be an ordeal to set up healthcare provision when living abroad, the end result is often a much better service.

Working Abroad

Working abroad can often be a fantastic opportunity. The chance to explore new parts of the world and develop your career at the same time is one that more and more people are seizing. Meeting new people, learning a new language, embracing a new culture and of course, earning a better salary, are just some of the benefits of working outside the U.K.

Depending on who you work for, your working routine abroad may be little changed from what it was in the U.K. The majority of expats work as diplomats or for U.K./U.S. owned companies, meaning you will be working predominantly in English and with other British employees.

This may tempt you to socialise exclusively with other expats, especially during the initial adjustment period. But there is much to be gained from learning the local language and culture, and not only for social reasons, you’ll find that many new business contacts and opportunities open up to you if you are able to connect with the locals.

When planning to work abroad it is important to remember that you will pay tax in the country you will be working in. In Western Europe especially, you can expect to pay a higher rate of income tax than you would in the U.K., though this is often offset by the fact your company will usually pay for things like rent or your children's education fees.

Working in a new country also gives you a choice with regards to your pension. While it is possible to retain a U.K. based pension while abroad, choosing to transfer it over to your adopted home can yield a better tax rate and potentially help reduce you inheritance tax burden. However, this is only possible if you are planning on residing outside the U.K. for more than five years and is of course most appropriate for those considering retiring outside the U.K.

Retiring Overseas

If you're retiring overseas first & foremost review your financial options and strategies. When you leave your country of residence, there are several strategies that you can use that can have a significant effect on your financial health and future security.

Things to Consider:

» Network as much as possible, either by Internet or letters with expats that are already living in the area you will be moving to. They will prove to be your most valuable source of information of do's and dont's, especially on what to bring and not bother buying and packing up to take to your new home. » As with most endeavours, prior planning and staying organised will help keep you focused and might just save your sanity! » Set your mind that this move is a big adventure, not a prison sentence. If you have the proper mindset then the transition will be that much easier to make. You just might regret that you didn't move sooner! » Don't wait until the last minute to get ready for the move. As soon as you make the commitment to make the move, start making the master list of things to be done and things to be purchased. » When time allows read as much as possible about the culture and the people of the place you are moving to, and be sure to learn some of the language!

Expat Lifestyle

When first moving abroad, it is common for expats to feel a range of emotions. The chance to immerse oneself in a new country and culture is simultaneously exhilarating and daunting- a new lifestyle!

The initial adjustment period is often the most difficult. Leaving behind friends and family is always tough, however exciting the possibility of making new ones can be. In their first few months many expats will try to connect with the existing British community to form bonds as well as bank on their experience and advice.

Though this is certainly a good way to get settled and take care of the practical issues like finding a house, school and where to get a good curry, in the long term you need to get to know the local culture.

Learning the local language is the first and most frustrating step in this process. You may have never had any prior exposure to the local language, meaning even ordering food in a restaurant or navigating road signs can be difficult.

However challenging it may seem at first, the long-term benefits easily outweigh the drawbacks. The rewards are not only a better understanding and appreciation of the nuances of your adopted home, but also new friends and contacts. While you will often find a large expat community in any given country, especially based around British schools, it would be a shame to move to another country and try to vicariously live in the UK.

If you have or are planning to have children, choosing to send them to a local or British school can be a difficult decision. Most people prefer to stay abreast of developments in the UK education system and send their children to a Britsh school, thereby also ensuring a better chance of getting them into a British university. However the benefits of sending children, especially very young ones, to a local school are numerous. Not only does it allow you to better get to know people from the local community but it enables your children to develop deep-seated language skills that may prove invaluable later in life. A good compromise is to send them to a local school until they are around fourteen-sixteen, then enroll them in a British school for GCSEs and A-Levels.

Life overseas can often be a strange hybrid between recreating or seeking out what you miss in the U.K. while trying to absorb as much of the local colour as possible. Who would want to miss out on cherry blossoms in Tokyo, Mediterranean beaches, Paris in the autumn or surfing and skiing in the same day in Sydney? But what would these things be without proper tea, pubs, the BBC or the premier league?

Once settled expats often find that they would prefer to remain and even retire in their adopted homes. The combination of strong ties to U.K. through the expat community, better career opportunities, lower house prices and a vibrant local culture often mean expats enjoy the best of both worlds.

Typical Expat

More and more people are choosing to leave the U.K to live and work abroad. There are roughly 5.5 million U.K. nationals now living overseas and the rate of emigration is increasing every year. In fact, there are now more British nationals living abroad than there are foreign-born people in the U.K.

The biggest reason people choose to emigrate is for better career opportunities, with the past few years in particular seeing an explosion in people choosing to leave for this reason.

Research from the IPPR shows that Britons living overseas ore predominantly young (25-35), educated to at least bachelor's degree level and highly skilled. But this only just scratches the surface. Brits moving abroad range from diplomats moving their family to Brussels to young entrepreneurs moving to Hong Kong to builders and plumbers finding new opportunities in Eastern Europe.

Statistically, there may be a typical expat, but expats are anything but typical.

Our Management Team

David Retikin
Director of Operations
Provides a range of experience in the financial services industry that encompasses working with expatriates for more than twenty five years. David has lived in North America, Canada, the Middle East & South East Asia specifically dealing with the financial needs of expatriates throughout the world. He is also a member of the investment management team.


 

David Harra
Senior Market & Investment Analyst
David is a member of the investment management team with a comprehensive range of experience in asset management in financial services industry specifically in the needs of the expatriate community.


 

Melissa Burton
Investment Management Director
Administration & co-ordination of client accounts is very capably handled by Melissa. Her responsibilities also include the company seminar schedule in conjunction with our team of financial advisors.


 

Aneil Fatania CIOJ
Financial Editor & Online Marketing
Aneil Fatania is a NCTJ qualified journalist and member of the CIOJ and has been widely published online. Having lived overseas as an Expat for many years himself, he has a strong passion for bringing vital news to what can be an overlooked audience.


 

Stephen Spelman ACIM
Online Marketing & Communications
An associate and former guest speaker at the Chartered Institute of Marketing; Stephen has over 15 years marketing experience and has lived and worked as an expatriate in the Middle East and South East Asia. Stephen brings a Total Quality Management philosophy to Pryce Warner, levering digital technology to disseminate the Pryce Warner brand and excel in the service provided to Pryce Warner’s clients.


 

Sarah Warner
Senior Executive Administrator
With a comprehensive background in the planning of wills, inheritance planning as well as international pension planning she is of great value to our Planning Staff in the minimisation of taxes & preservation of client assets.


 

Sarah Fielding
Manager of Client Services
Sarah has extensive experience in dealing with the needs and requirements of both our existing clients and the needs of expatriate new client enquirers. With a comprehensive background in the financial services as well as having lived as an expatriate herself her excellent range of skills and experience gives her a deep understanding of the needs of our clients and those individuals & corporations who are interested in becoming clients.
 

Anthony Standring
Social Media Manager & Financial Contributor
Social media has become an effective way for people to communicate with each other as well as with an ever growing range of businesses. Anthony is responsible for further developing our capacity to communicate with both new and existing clients, corporations and trusts through social media and timely news articles.


 

Jerome Laurent
Website Manager
Jerome Laurent is a valued and key member of our administration team. He has held various roles within the company including designer, programmer, database administrator and network administrator he is responsible for the administration of our website.


 
 

Careers

Linking to Pryce Warner International

We wish to nurture partnerships that network our joint resources for our mutual benefit and the benefit of the wider expat community. If you have any projects, events, campaigns or resources that would be of interest to our readers please do not hesitate to contact us and we will do our utmost to publicise it on the Pryce Warner Network. The easiest way to place a link on your website is to simply copy and paste this code wherever you would like the link to appear.

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ExpatsVillage

New Tax Reporting Requirements for Expats in Spain

New reporting requirements in Spain mean that Expats will have to declare Overseas Assets over €50 000 in 2013

London, UK (Pryce Warner International) January 14th, 2013 - A Spanish anti-fraud law introduced in July last year increased the penalties for those who commit tax fraud and set out new powers to collect taxes. Considering the €50 000 threshold is relatively low, almost all Expats in Spain (especially those with property overseas) will be affected.

Failure to report any assets will incur heavy penalties. Undeclared income arising from the asset will be deemed to arise in the previous tax year that is not statute barred, (four years in most cases). This means the penalty can include income tax at the income tax scale rates (where the top rate is over 50% even if the income would normally be taxed under the savings income regime) late payment interest for the last four years, penalties as high as 150% of the total tax due on the asset and a fine of €5000 per each piece of unreported data with a minimum of €10,000.

Expats must ensure that they declare their overseas assets, as any fraud valued over €120 000 will be considered a criminal offence.



A spokesman from Blevins Franks commented: "This is a new, additional requirement for Spanish taxpayers. You remain obliged, as always, to also fully declare your annual worldwide income for income tax purposes, and your taxable worldwide assets for wealth tax purposes. From now on, anyone who is tax resident in Spain must declare all the assets they own outside Spain. The authorities will be very strict with anyone who incorrectly declares their offshore assets." A new official tax form has been issued and all reporting myst be done by the end of the first trimester of each year. The first deadline under these new regulations is the 30th of April 2013. In the future, the deadline will be the 31st of March for the preceding 31st of December.

All asset classes fall under this new legislation, including; accounts, property (valued on cost of purchase), shares, stocks and life insurance policies. If you are the owner, beneficiary or authorised signatory, you will need to declare these assets. if the value of your assets in each class is less than €50 000 you do not need to report them.

You will also not need to report your assets after the first year unless the total value of them increases by more than €20 000.

Tax payers will also need to report the average balance on bank accounts for the last three months of the year. This includes bank accounts, deposits and credit cards in all currencies.

Due to heavy burden of the penalties all Expats in Spain should speak to a tax advisor immediately to ensure that they declare all the assets required before the deadline.

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By Aneil Fatania
Financial Editor
Pryce Warner International Group
For any corrections of factual information contained within our news items please contact our editor.
Email: af@prycewarner.com
Skype: newsdesk-pwi
Management Contacts
Telephone: U.K.- +44 20 7735 5885 or Monaco - +377 97 97 29 22
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Expats in US Could Lose Green Cards

Expats based in the USA could lose their green card as part of new tax filing regulations

London, UK (Pryce Warner International) December 5th, 2012 - FACTA (the Foreign Accounts Compliance Act) requires every US citizen to inform the IRS of the details of all overseas investments and bank accounts they hold. This includes individuals that hold dual citizenship and perhaps have not lived in America for some time.

FACTA will come into full force from the 1st of January 2014 and over 50 countries have agreed to co-operate with the FACTA regulations.

Holding a green card in America means you fall under the scope of FACTA, regardless of your nationality. This means individuals with green cards and resident in America will from now on need to supply an annual return to the IRS with full details of all offshore holdings.

This has put many Expats in a bind. They must either give up their green card or else face providing full details of personal accounts that do not fall under the remit of the IRS and potentially be faced with a large tax bill.



Some Expats may not fall under this rule. Another law states that if you took up US tax residency after June 17th, 2008 you would be considered to have disposed of any property owned outside the US.

Put simply, Expats potentially face a complex collision of laws that relate to their overseas holdings and income. It will probably be unclear to most Expats how exactly this will affect them due to the difference personal circumstances can make in terms of what rules apply.

All Expats should immediately consult an appropriately qualified tax accountant or attorney to avoid the risk of conflict with the IRS.

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By Aneil Fatania
Financial Editor
Pryce Warner International Group
For any corrections of factual information contained within our news items please contact our editor.
Email: af@prycewarner.com
Skype: newsdesk-pwi
Management Contacts
Telephone: U.K.- +44 20 7735 5885 or Monaco - +377 97 97 29 22
Subscribe to NEWS

Gibraltar QROPS Growing Rapidly

As the Gibraltar Tax Office prepares a code of conduct the amount of QROPS registered in the region are growing

London, UK (Pryce Warner International) November 28th, 2012 - Since becoming QROPS approved earlier this year Gibraltar has seen a large influx of schemes to the region.

Legislation passed in September allows Gibraltar to work within the recently amended QROPS framework that led to the close of many schemes in Guernsey and the Isle of Man.

Pension providers had initially decided to close schemes to new applicants since 2009, as this carried some risk of losing HMRC approved status. However, the since the new laws on the island have passed it is now once again open to new business.



Steven Knight, chairman of Gibraltar’s Association of Pension Fund Administrators commented: “In 2009 when Gibraltar took the decision to self-impose a QROPS ban, it was perhaps not seen by everyone as a good decision.  However, pensions are long term and I think people realise it was the best thing to have done and this strategy of taking our time and getting it right is beginning to pay dividends.”

In addition to this, many overseas pension providers are now offering services through Gibraltar. Among the reasons for provider's migration are the 2.5% tax rate and the fact that Gibraltar is particularly well placed to serve clients based in Asia, the Middle East and any country that has a restrictive double taxation treaty network.

Gibraltar is also now seen as much more reliable and transparent than other jurisdictions. This is due to a new voluntary code of conduct that has been agreed to by all providers. This is set to be further legitimised by an official code of practice currently being drawn up by the local tax office. Non-compliance with the new code of practice would see a providers approved status revoked.

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By Aneil Fatania
Financial Editor
Pryce Warner International Group
For any corrections of factual information contained within our news items please contact our editor.
Email: af@prycewarner.com
Skype: newsdesk-pwi
Management Contacts
Telephone: U.K.- +44 20 7735 5885 or Monaco - +377 97 97 29 22
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Changes to How Britons Pay IFAs Will Also Affect Expats

Financial advisers will now have to charge clients fees rather than charge commission

London, UK (Pryce Warner International) November 21st, 2012 - Expats that are clients of UK regulated financial advisers (IFAs) will face a change in how they are charged from advice as of December 31st.

The Retail Distribution Review (RDR), formed by the UK’s Financial Services Authority (FSA) states that advisers will no longer be allowed to take commission payments from providers, and that they will have to charge clients a fee instead.  However, the fee can be taken from returns on the clients' investments.

The FSA states that this will mean less advisers recommending investments solely because they offer the adviser a higher level of commission. The new rules will apply to all UK regulated financial advisors and will apply to all clients regardless of residency. If you are an Expat you should double check if your IFA is regulated in the UK or abroad, if it is regulated in the UK you may need to speak to a new financial advisor if you are unhappy with the new rules.

Theoretically this new rule should make the general charges associated with life insurance companies, pension funds and investment fund managers drop, as they will no longer need to price in the commission they pay to advisers.



However, an FSA spokesperson commented: “It is too early to work out what the effects may be." This was confirmed by two statements made by financial advisers whose clients will be affected.

Mr Michael Foy, managing director of Axa Wealth International commented: "RDR will result in clients and their advisers being clearer about charges, and make it easier to put a value on what they are buying.”

Financial adviser Alan Steel, commented that the decision was "using a sledgehammer to crack a nut because UK-regulated advisers are already required to disclose to clients the amount of commission they are paid. In theory RDR should result in lower charges for investors, but in many cases charges will actually rise. We have to wait and see what happens.”

Any expats that think they may be affected should contact their IFA directly to determine exactly how best they can manage the transition.

-------------------------------
By Aneil Fatania
Financial Editor
Pryce Warner International Group
For any corrections of factual information contained within our news items please contact our editor.
Email: af@prycewarner.com
Skype: newsdesk-pwi
Management Contacts
Telephone: U.K.- +44 20 7735 5885 or Monaco - +377 97 97 29 22
Subscribe to NEWS

India's Popularity Growing Amongst Expats

The fast growing economy and exotic culture are making India highly popular with Expats

London, UK (Pryce Warner International) November 14th, 2012 - India has become one of the preferred destination for Expats according to a study by Association of Executive Search Consultants (AESC).

The study revealed that over the past several years, executives based in India have witnessed a large growth in the number of Expats choosing to work there.

The study noted: “Expats are eager to tap into the opportunities it has to offer, witness its rich transformation and sample a way of life often very different from their native countries.”

Peter Felix, President of AESC, commented: “Due to talent shortage at the senior levels in organisations, there is a demand for expats in India.”

Felix went on the suggest that the fast growing economy is a big factor in attracting Expats to the country. Manufacturing and information technology are currently the sectors that attract the most Expats. IT/telecoms and technology industries staff are 30% Expat, and manufacturing has about 12% Expat staff.



At present, the most inhibiting factor to finding an executive job in India is building a strong contact network. This is difficult because of the way relationships are built and maintained. However, it was revealed that most Expats felt that as a foreign born executive working in India, is it not hard to gain access to executive positions in India.

About 59% of executives queried have noticed a growing change in the Indian workforce, with workers coming from more diverse nationalities.

There is also an increasing salary level in India, especially for top ranking positions, which has also proved to be an important motivator fuelling the trend. It was also shown that with more multinational companies setting up in India, they were attracting top executives with special technical expertise. Further, it said that a chance to gain experience in the global market also adds to the allure in working in India. 

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By Aneil Fatania
Financial Editor
Pryce Warner International Group
For any corrections of factual information contained within our news items please contact our editor.
Email: af@prycewarner.com
Skype: newsdesk-pwi
Management Contacts
Telephone: U.K.- +44 20 7735 5885 or Monaco - +377 97 97 29 22
Subscribe to NEWS

US Expats Support Obama

Polls have shown that US expats overwhelmingly supported Barack Obama in the US presidential election

London, UK (Pryce Warner International) November 7th, 2012 - Barack Obama's victory in the US presidential election yesterday was helped in part by US Expats. Though they are a group that are largely ignored by American journalists and pundits, they number between 3-6.5M and it is estimated that over a million expats voted in yesterday's election.

In the run up to the election numerous polls showed that US expats overwhelmingly favoured Obama. 96% of expats in France, 82% in Germany and 66% in the UK supported Obama. In fact, expats in only one country supported Mitt Romney; China.

One of the principal reasons so many expats support Obama is due to their highly diverse nature. US Expats may be military personal deployed in Afghanistan, bankers in the City of London or students in Paris. While living abroad they often see in action the policies that Obama has supported, making them more likely to support them e.g. universal health care.

Many US expats held all night parties to watch the election, like Scott Brink, a social studies teacher at The American International School of Muscat, Oman, who commented: "I have a different perspective than most people in my home state, where they always vote Republican. I find on certain issues, especially foreign policy issues, my world view, is different from those living in my home state."

While it was speculated that the US expat voting block could play an important role in deciding what was seen as a close election, this didn't quite come true. This is largely because the election was not In fact as close as suggested. Nate Silver, a statisical analyst of election polls noted that Obama had over an 80% chance of winning the day before the election, pointing out that in polls the week before the election Obama was winning 18 out of 20 polls.



Another reason that expats votes are not necessarily game changing is that expats vote count in their home state.

The majority of states in America are decidedly republican or democrat meaning that only a handful -like Ohio and Florida- actually play a role in deciding the victor. The states in America with the highest percentage of passport holders typically vote democrat and it is uncoincidentally these states that also have the most expats. So most expats votes went to states where the result was already decided.

The voter turnout was relatively low for US expats and this was blamed on the difficulty that many of them had in voting and submitting the necessary forms in time.

One Expat commented: "9 times out of 10 I'd have sent in a voting package that would have been discounted in NJ (New Jersey). In NJ if you email your vote, you also have to send the entire packet by mail. In the packet is a waiver of privacy that is not clear if it is meant for the email or paper transmission or both... To count as a vote, I have to do what my state wants even though they don't make it clear. It's a good idea not to assume anything."

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By Aneil Fatania
Financial Editor
Pryce Warner International Group
For any corrections of factual information contained within our news items please contact our editor.
Email: af@prycewarner.com
Skype: newsdesk-pwi
Management Contacts
Telephone: U.K.- +44 20 7735 5885 or Monaco - +377 97 97 29 22
Subscribe to NEWS

Middle East Attracts Most Young Expats

A new study has shown that the Middle East attarcts more young Expats than any other region

London, UK (Pryce Warner International) November 2nd, 2012 - The study showed that although expats accross the globe are feeling the effects of the financial crisis, those in the Middle East remain highly optimistic about their finances.

This is leading to more and more young career minded individuals to seek out opportunities in the Middle East.

Across the Middle Eastern nations, Expats are drawn to the job opportunities, with this being the key factor for Expats moving to Qatar (77%), Saudi Arabia (76%), Bahrain (74%) and the UAE (65%).

High salaries and the low tax rates on personal income in many Middle Eastern countries have helped expats to secure increased disposable income as a result of their move, in comparison to those living in other regions.

With job possibilities being scare in Europe and North America, let alone highly paid and lowly taxed, young people are seeing the Middle East as the smart destination. For example, in Saudi Arabia 46% of Expats heading to the region are 18 to 34 years old.



The ages of Expats heading to the region are in stark contrast to that of Expats worldwide, where 32% of expats are aged 18 to 34. However, despite the strong performance of many of the Middle Eastern countries in the Expat Explorer Economics league tables this year, a high proportion of Expats in the region are looking to leave their current country.

Middle Eastern based Expats retain a much stronger affiliation with their home country than expats in general, which may suggest these Expats have always intended to move to the Middle East for a set period of time, before returning to their home country or moving to another Expat posting.

This trend is most pronounced in Saudi Arabia where 75% of Expats have retained a very strong connection to their home country, but is also replicated across other Middle Eastern nations such as Bahrain and Kuwait at 71%, Oman at 65% and Qatar at 60%. As a result, the key drivers behind xpats looking to leave the region are in fact changing family needs or simply wanting a change.

-------------------------------
By Aneil Fatania
Financial Editor
Pryce Warner International Group
For any corrections of factual information contained within our news items please contact our editor.
Email: af@prycewarner.com
Skype: newsdesk-pwi
Management Contacts
Telephone: U.K.- +44 20 7735 5885 or Monaco - +377 97 97 29 22
Subscribe to NEWS

Expat Tax In Switzerland Increases

Switzerland introduces a higher tax rate for Expats

London, UK (Pryce Warner International) October 3rd, 2012 - The principal reason for Switzerland increasing certain types of taxation is due to a perceived lack of equality in its tax system.  At present, non-domiciled residents, i.e. Expats who move to Switzerland stand to massively reduce their tax burden as long as they don’t do any work in the country.  Anyone that fell into this category would only pay tax based on a figure calculated from the annual rent they paid on their property.

For many years this meant that individuals with large, internationally sourced incomes could easily reduce their tax liability.   But the amount Expats have to pay is set to increase due to a growing dissatisfaction among Swiss nationals.

Swiss nationals considered this disparate approach to foreigners highly unfair.  Historically the low rates charged to Expats were justified on the grounds that wealthy Expat would spend a lot of money while in the country, thereby contributing to the economy.  However, this rationale has been much harder to back up with evidence over the last five years.



Despite the new tax rates Expats are unlikely to be put off moving to Switzerland.  The current tax is based on five times the rental income of their swiss home and the new one will see this increase the seven times.  There will also be a minimum income threshold for anyone that wants to benefit from this (roughly £250 000).

The new measures have seemingly been introduced due to local pressure from Swiss nationals as well as tax authorities from other countries who consider Switzerlands tax rules as enabling tax avoidance.  While these new measure do show some contrition to local and international pressures in terms of increasing tax, it seems Expats will not be overly fazed by the new changes.

-------------------------------
By Aneil Fatania
Financial Editor
Pryce Warner International Group
For any corrections of factual information contained within our news items please contact our editor.
Email: af@prycewarner.com
Skype: newsdesk-pwi
Management Contacts
Telephone: U.K.- +44 20 7735 5885 or Monaco - +377 97 97 29 22
Subscribe to NEWS

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning

Bordeaux / France >> 2013/10/12 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments & Investment Income against Currency Fluctuations. QROPS Transfers-International Pension Planning. International Asset Management Tax & Investment Planning for Ex-patriates.

Rennes / France >> 2013/10/17 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

International Pension Plan Changes-Transferring your UK Pension outside of the UK SIPP-QROPS

Paris / France >> 2013/10/19 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments & Investment Income against Currency Fluctuations. QROPS Transfers-International Pension Planning. International Asset Management Tax & Investment Planning for Ex-patriates.

Monte Carlo / Monaco >> 2013/10/19 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning

Lyon / France >> 2013/10/24 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

QROPS Transfers-International Pension Planning. International Asset Management Tax & Investment Planning for Ex-patriates & Nationals.

Buenos Aires / Argentina >> 2013/10/25 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

QROPS Transfer your UK-SIPP-Pension Plan to an International Plan-QROPS

Brussels / Belgium >> 2013/10/26 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

QROPS Transfers-International Pension Planning. International Asset Management Tax & Investment Planning for Ex-patriates & Nationals

Rio de Janeiro / Brazil >> 2013/10/29 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

International Asset Management Tax & Investment Planning for Ex-patriates & Nationals. QROPS Transfers-International Pension Planning

Mumbai (Bombay)-India / India >> 2013/11/02 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Providing Income & Balanced Growth whilst Protecting Your Investments and Savings from Currency Depreciation

Riberac, Dordogne / France >> 2013/11/02 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 
» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.
» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries
» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan
 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75 » No UK income tax liability on pension income » Benefits can be taken from age 50, compared to 55 under UK schemes from 2010) » 30% Lump Sum from pension, compared to 25% under UK schemes » Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more. » Fully portable from country to country » HMRS SIPP-QROPS registered » You are able to leave the remainder of your pension fund to your heirs on your death » Greater flexibility in terms of how and when you draw down your benefits » Plan more effectively in terms of how your benefits are taxed in the country in which you reside » Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement). » By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.  

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning. Asset Management & Investment Planning for Expatriates

Paris / France >> 2014/02/08 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 
» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.
» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries
» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan
 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75 » No UK income tax liability on pension income » Benefits can be taken from age 50, compared to 55 under UK schemes from 2010) » 30% Lump Sum from pension, compared to 25% under UK schemes » Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more. » Fully portable from country to country » HMRS SIPP-QROPS registered » You are able to leave the remainder of your pension fund to your heirs on your death » Greater flexibility in terms of how and when you draw down your benefits » Plan more effectively in terms of how your benefits are taxed in the country in which you reside » Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement). » By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

Providing Income & Balanced Growth whilst Protecting Your Investments and Savings from Currency Depreciation

Riberac, Dordogne / France >> 2014/02/15 » Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 
» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.
» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries
» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan
 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75 » No UK income tax liability on pension income » Benefits can be taken from age 50, compared to 55 under UK schemes from 2010) » 30% Lump Sum from pension, compared to 25% under UK schemes » Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more. » Fully portable from country to country » HMRS SIPP-QROPS registered » You are able to leave the remainder of your pension fund to your heirs on your death » Greater flexibility in terms of how and when you draw down your benefits » Plan more effectively in terms of how your benefits are taxed in the country in which you reside » Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement). » By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

QROPS Transfers-International Pension Planning. Protection of Investments against Currency Fluctuations. International Asset Management Tax & Investment Planning for Expatriates

Brussels / Belgium >> 2014/02/17 » Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 
» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.
» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries
» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan
 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75 » No UK income tax liability on pension income » Benefits can be taken from age 50, compared to 55 under UK schemes from 2010) » 30% Lump Sum from pension, compared to 25% under UK schemes » Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more. » Fully portable from country to country » HMRS SIPP-QROPS registered » You are able to leave the remainder of your pension fund to your heirs on your death » Greater flexibility in terms of how and when you draw down your benefits » Plan more effectively in terms of how your benefits are taxed in the country in which you reside » Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement). » By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.  

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Expatriates. QROPS Transfers-International Pension Planning. Asset Management & Investment Planning for Expatriates

Lyon / France >> 2014/02/23 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 
» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.
» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries
» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan
 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75 » No UK income tax liability on pension income » Benefits can be taken from age 50, compared to 55 under UK schemes from 2010) » 30% Lump Sum from pension, compared to 25% under UK schemes » Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more. » Fully portable from country to country » HMRS SIPP-QROPS registered » You are able to leave the remainder of your pension fund to your heirs on your death » Greater flexibility in terms of how and when you draw down your benefits » Plan more effectively in terms of how your benefits are taxed in the country in which you reside » Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement). » By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

QROPS Transfers-International Pension Planning. Protection of Investments against Currency Fluctuations. International Asset Management Tax & Investment Planning for Expatriates

Geneva / Switzerland >> 2014/03/12 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 
» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.
» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries
» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan
 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75 » No UK income tax liability on pension income » Benefits can be taken from age 50, compared to 55 under UK schemes from 2010) » 30% Lump Sum from pension, compared to 25% under UK schemes » Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more. » Fully portable from country to country » HMRS SIPP-QROPS registered » You are able to leave the remainder of your pension fund to your heirs on your death » Greater flexibility in terms of how and when you draw down your benefits » Plan more effectively in terms of how your benefits are taxed in the country in which you reside » Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement). » By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

QROPS Transfers-International Pension Planning. Protection of Investments against Currency Fluctuations. International Asset Management Tax & Investment Planning for Ex-patriates.

Limasol / Cyprus >> 2014/03/13 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning. Asset Management & Investment Planning for Ex-patriates

Paphos / Cyprus >> 2014/03/15 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

International Pension Planning. Asset Management & Investment Planning for Expatriates

Paris / France >> 2014/03/16 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 
» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.
» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries
» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan
 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75 » No UK income tax liability on pension income » Benefits can be taken from age 50, compared to 55 under UK schemes from 2010) » 30% Lump Sum from pension, compared to 25% under UK schemes » Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more. » Fully portable from country to country » HMRS SIPP-QROPS registered » You are able to leave the remainder of your pension fund to your heirs on your death » Greater flexibility in terms of how and when you draw down your benefits » Plan more effectively in terms of how your benefits are taxed in the country in which you reside » Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement). » By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

International Asset Management Tax & Investment Planning for Ex-patriates & Nationals. QROPS Transfers-International Pension Planning

Sydney / Australia >> 2014/03/18 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protectection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning

Frankfurt / Germany >> 2014/03/20 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning. Asset Management & Investment Planning for Ex-patriates

Geneva / Switzerland >> 2014/03/22 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

International Asset Management Tax & Investment Planning for Ex-patriates & Nationals. QROPS Transfers-International Pension Planning

Saigon / Vietnam >> 2014/03/25 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning. Asset Management & Investment Planning for Ex-patriates

Budapest / Hungary >> 2014/04/03 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

QROPS Transfers-International Pension Planning. Protection of Investments against Currency Fluctuations. International Asset Management Tax & Investment Planning for Ex-patriates.

Malaga / Spain >> 2014/04/12 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning

Caracas / Venezuela >> 2014/04/13 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning. Asset Management & Investment Planning for Ex-patriates

Toulouse / France >> 2014/04/17 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning. Asset Management & Investment Planning for Ex-patriates

Prague / Czech Republic >> 2014/04/18 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning. Asset Management & Investment Planning for Ex-patriates

Warsaw / Poland >> 2014/04/24 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning. Asset Management & Investment Planning for Ex-patriates

Johannesburg / South Africa >> 2014/04/26 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

International Asset Management Tax & Investment Planning for Ex-patriates & Nationals. QROPS Transfers-International Pension Planning

Moscow / >> 2014/04/30 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning. Asset Management & Investment Planning for Ex-patriates

Paris / France >> 2014/05/02 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning. Asset Management & Investment Planning for Ex-patriates

Monte Carlo / Monaco >> 2014/05/03 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

QROPS Transfers-International Pension Planning. Protection of Investments against Currency Fluctuations. International Asset Management Tax & Investment Planning for Ex-patriates.

Barcelona / Spain >> 2014/05/08 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Pryce Warner International Open Day for Existing Clients & Expatriates seeking Financial Advice

Hotel Ibis Perigueux, Perigueux, Dordogne / France >> 2014/05/10Our staff will be available to chat with you on Friday22nd May 2009 from 10.00 hrs to 18.00 hrs

Please take the time to join us & we will be pleased to assist you with any questions that you mave have regarding Financial, Pension & Investment Planning.

Our staff have in depth knowledge of the Financial Needs & Investment Requirements of Expatriates living in France

Here are some reminder points that may be of interest to you

The International Banking Crisis & the effects on Expatriates

Protecting Your Investments &  Savings from Currency Movements & Depreciation

Increasing Your monthly Income from Existing Savings & Investments

QROPS new legislation regarding International Pensions and Retirement Multi Currency Banking & Investment

Guarantee of Bank Savings & Investments

Should you wish to make an appointment in advance with one of our Financial Advisors please telephone us or send an email to:-

Melissa Burton

International Tel:         +33 (0)1 39 73 87 66

Within France Tel:      01 39 73 87 66

email: m.burton@prycewarner.com

Refreshments will be provided

Pryce Warner International Group have been assisting Clients in Planning Financial Freedom & Independance for more than 30 years

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning. Asset Management & Investment Planning for Ex-patriates

Stavanger / Norway >> 2014/05/15 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning. Asset Management & Investment Planning for Ex-patriates

Brussels / Belgium >> 2014/05/17 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning. Asset Management & Investment Planning for Ex-patriates

Madrid / Spain >> 2014/05/23 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning

Praia da Luz / Portugal >> 2014/05/24 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

International Pension Plan Changes-Transferring your UK Pension outside of the UK SIPP-QROPS

Bahrain / >> 2014/05/28 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

QROPS Transfers-International Pension Planning. Protection of Investments against Currency Fluctuations. International Asset Management Tax & Investment Planning for Ex-patriates.

Barcelona / Spain >> 2014/05/29 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning. Asset Management & Investment Planning for Ex-patriates

Alicante / Spain >> 2014/05/30 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning

La Rochelle / France >> 2014/06/14 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.

 

Protection of Investments against Currency Fluctuations.International Asset Management Tax & Investment Planning for Ex-patriates. QROPS Transfers-International Pension Planning. Asset Management & Investment Planning for Ex-patriates

Tokyo / Japan >> 2014/06/19 

» Protection of Investments against Currency Fluctuations. » International Asset Management Tax & Investment Planning for Ex-patriates. » QROPS UK-SIPP Transfers-International Pension Planning » Protection & Growth of Capital » International Property Investing » Benefits from QROPS UK-SIPP Transfers to an International Pension Structure 


» You are able to Increase your monthly income from your UK-SIPP Pension Plan Assets whilst at the same time minimising your exposure to Currency Fluctuations.

» You gain control of your pension plan assets with the right to leave the assets in your plan to your chosen beneficiaries

» You have the potential for increased growth of your pension assets & reduced administration costs in comparison to your UK Pension Plan

 

» No need to buy an annuity or ASP (Alternatively Secured Pension) after 75
» No UK income tax liability on pension income
» Benefits can be taken from age 50, compared to 55 under UK schemes from 2010)
» 30% Lump Sum from pension, compared to 25% under UK schemes
» Wide range of investments, ranging from cash, unit trusts, shares, commodities, gold, ETF's, property (including overseas property) and much more.
» Fully portable from country to country
» HMRS SIPP-QROPS registered
» You are able to leave the remainder of your pension fund to your heirs on your death
» Greater flexibility in terms of how and when you draw down your benefits
» Plan more effectively in terms of how your benefits are taxed in the country in which you reside
» Pension rights transferred into a SIPP-QROPS are also now protected from UK inheritance tax (as introduced in the October Pre-Budget Statement).
» By moving UK pension benefits to a SIPP-QROPS , assets are effectively removed from the UK tax net and introduced to a new tax environment depending on the member's new residence. For many expatriates the avoidance of UK taxes on pension income and the dangers of additional pension tax levies are an important planning consideration.