UK Pensions Q & A
Please see below an invitation to our upcoming UK Pensions Q & A evening at the British Bistro. Tickets can be reserved by emailing Pensions@ptspecialists.com.au or telephoning 08 9233 9269. Alternatively you can secure a ticket by clicking the following link https://www.eventbrite.com/e/uk-pensions-q-a-tickets-36945619342
Contribution Cap IMPORTANT
1 July 2017 Contribution Cap Changes With the reduction of the contribution caps in July 2017 many people wishing to transfer may find themselves over the contributions caps. 1 July 2017 Non-Concessional Contribution Cap From $100,000 Brought Forward Cap $300,000 Lifetime Contribution Cap $1.6 million If you have a value of £175,438, based on current […]
Important Changes – HMRC QROPS Rules – Spring 2017
Important Changes to QROPS [initial understanding] 9th March 2017 The attached is not financial planning advice. This is for your information only. As you are currently undertaking a UK pension transfer or have made enquires to transfer your UK pension to Australia, it is very important that you read this letter. You need not be […]
Unauthorised payments
The ability of the UK tax authority to tax unauthorised payments made by QROPS schemes will be extended from its current five years, to 10 years. It is expected this will take effect from 6 April 2017. “It has always seemed incongruous that an individual could only be taxed on unauthorised payments from ROPS schemes […]
Changes to the Australian Superannuation Contribution Caps
Current non-concessional contributions are set at $180,000 per annum, with the ability to bring forward up to 3 three years. Making the current contribution cap $540,000.00 for the 3 year rule. A new limit proposed to the government would be to reduce the non-concessional cap to $100,000 a year. It is proposed the changes will […]
The Right Advice
The UK Pensions industry believes that the government needs to make changes to the current advice legislation. The legislation to protect schemes means transfers from Defined Benefit schemes with benefits worth £30,000 and above have become exceptionally difficult for advisers, providers, trustees and scheme managers to handle. UK advisers cannot advise on a transfer of […]
Lifetime Allowance UK – IMPORTANT Changes ACT NOW
The UK Lifetime Allowance Limits reduced to £1 million as at 5 April 2016. Do you know the value of all your UK pensions? This value must include ANY past benefit crystallisations. A benefit crystallisation would be a transfer to QROPS, or an income drawdown. If at the 5 April 2014 the value of your […]
Merry Christmas and Office Hours during Christmas Break
Pension Transfer Specialists would like to wish you a Merry Christmas and a Happy New Year. Our offices will be closed during the Christmas break from Friday 23 December 2016. We will reopen in the New Year on 9 January 2017 at 8.30am. Wishing you a wonderful holiday season. Pension Transfer Specialists
Pension Information Evening – 29 November 2016
We hosted a Pension Information Evening last night at Pension Transfer Specialists. Aaron McCracken, Director McKinley Plowman introduced our evening. We had pleasure of introducing our guest speaker Philip Parker, Executive Chairman/Chief Investment Officer from Altair Asset Management who discussed the market outlook for the GBP and explained their portfolio. Colette Pieniazek Pension Transfer Specialists […]