Category: Offshore Pension

Dutch Tax Administration to tax pensions of Belgian workers working in the Netherlands

Part of the supplementary pension of Belgian workers, previously working in the Netherlands, will be taxed by the Dutch Tax Administration (the “DTA”). The DTA confirmed this on Thursday. The Belgian and Dutch government treasuries are engaged in a tug of war around the second pillar of the pension. This… – Continue reading

UK-UAE treaty means UK pension free of income tax

Denton warns people of the long-term implications of stripping down their pension A new double tax treaty (DTA) between the UK and the UAE, which becomes effective April 6, will allow UAE residents to access their UK pension free of UK income tax, according to an expert. David Denton, Head… – Continue reading

Chancellor slaps 25% charge on people who move pensions abroad to dodge UK tax bills

People still be able to shift pensions overseas tax-free if they and their pot are located in same country Stiff new penalty is aimed at those who retire to one country while parking their pension in an offshore tax haven The Chancellor is to slap a 25 per cent charge… – Continue reading

France: French Tax Update – Amending Finance Bill For 2015 And Noteworthy Q4 Case Law

The present French Tax Update contains (i) an overview of the main provisions proposed by the draft amending finance bill for 2015 (loi de finances rectificative pour 2015, 2015 Draft Amending Finance Bill), (ii) an update of the parliamentary amendments adopted in respect of the draft finance bill for 2016… – Continue reading

RBI Eases Overseas Borrowing Rules for Local Firms

Mumbai: India will allow offshore insurance companies, pension funds and sovereign wealth funds to lend to local companies for the long term, the Reserve Bank of India (RBI) said on Monday, easing rules for offshore borrowing. The RBI said it was taking a “more liberal approach” for long-term foreign currency… – Continue reading

Pension Funds Reduce Offshore Investments In Kenya

Uncertainty over the US Federal Reserve’s rate hike decision caused lower returns for offshore investments by local pension schemes during the third quarter of the year, new data show. The Alexander Forbes Consulting Actuaries Schemes Survey for the period ending September 2015 covering 380 schemes indicates earnings by pension schemes… – Continue reading

NPS useful only if NRI settles in India after retirement

Non-resident Indians (NRIs) have one more investment option to choose from. The Reserve Bank of India (RBI) has allowed NRIs to invest in the National Pension System (NPS), under Foreign Exchange Management Act. NPS will allow NRIs to invest in a mix of equities and debt and save for their… – Continue reading

Satori launches Hong Kong offshore pension plan aimed at employees

Global fund distribution company, Satori Consultancy, has launched a Hong Kong registered offshore pension plan structured by Legacy Trust Company (LTC) as an occupational scheme. The International Pension Plan, which has five risk graded investment portfolios run by Marathon Capital & Apollo Multi Asset Management, is a Hong Kong-based exempt… – Continue reading

The tax considerations of living abroad

While the thought of going abroad to work or retire may be exciting, the months leading up to departure are likely to be highly stressful. It is vital that you pay adequate attention to financial planning. In particular, the tax consequences of leaving the UK are quite complex, so it’s… – Continue reading

HMRC update QROPS list

HMRC has published the latest Qualifying Recognised Overseas Pension Scheme (QROPS) List following the recent suspension of the list, iExpats reports. In the two week suspension, 3,037 schemes and seven financial centres have been delisted. Although HM Revenue & Customs (HMRC) refuses to discuss individual QROPS, the main reason for… – Continue reading