Think Tank Bemoans UK Coalition Rift On Marriage Tax Breaks

via tax-news.com

More bad news for UK marriages! With the UK government focussed on closing down tax loopholes and tax breaks, it seems that UK marriages are now under fire with the UK coalition looking to shit off marriage tax breaks.

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A Pension Transfer

There a number of reasons to make a pension transfer, you may be retiring, moving overseas, looking to change your job or have been made redundant.  Whatever the reason, a pension transfer into another fund should be approached with caution. It is essential to check the benefits of any proposed pension fund before making a pension transfer, the financial position of both funds must be borne in mind and any new scheme should have the same rights as your current fund. A correctly placed pension fund is essential, investing in a jurisdiction with strong regulatory legislation will ensure a financially sound and stress-free retirement.

Advantages of a Pension Transfer

A pension transfer can be very beneficial if your current pension fund is underperforming; you can select a new fund with increased growth levels and lower management fee charges. Other reasons to consider a pension transfer are:

●      Greater tax efficiencies including inheritance tax planning

●      Protection of assets

●      Investment  flexibility

●      Access to global funds

●      Tailored plan to suit your needs

Pension Transfer – Seek Advice before Making a Move

When looking to make a pension transfer it is best to seek the advice of an independent consultant who will make suggestions based on your particular circumstances. As rules and regulations pertaining to a pension transfer are amended on a regular basis, the local conditions of a particular jurisdiction have to be understood before making a pension transfer, enabling you to make an informed decision.

Offshore Company Growth in Uruguay

We like to keep our fingers on the pulse of offshore company development news as it happens. Have a look at this news coming out of Uruguay.  

Preventive Measures to be kept in Mind with Offshore Investment

Reasons of Offshore Investment

Offshore Investment is inherently neither good nor bad yet Offshore Investment must be dealt with great care. The advantages might be complicated for the small scale investor as he cannot realize the potential frauds. The prime reason for which the populace goes for Offshore Investment is to avoid the burden of the heavy amount of income taxes that are levied in the homeland. Even the tax advantages that were given to the residents of the Sates of America are no longer function able.

Tax Directive of the European Union for Offshore Investment

The tax directive of the European Union has been effective since July 2005. as per this directive all the banks that are n the “white list” of the European Union have to provide all the revenue information of the account holder to the homeland and if any account holder wants to keep secret the details of his account he has to pay a certain percentage to the respective bank.

Advantages Conferred by the Offshore Investment

Irrespective of the above said certain advantages are still conferred by the Offshore Investment and one and most important is “confidentiality”. Rules and regulation of some of the nations have rendered the disclosure of customer identity and revenue by the banks as a crime; if a person aspires to conceal his or her assets he or she can place these assets offshore. An important thing to be kept in mind is that if a person is caught using offshore accounts just for the sake of avoiding the US income taxes, he or she may be prosecuted in the court of law and at the same time the laws of confidentiality of the particular country may be waived in order to inspect supposed unlawful activity.

Establishment of an Offshore Investment Corporation

The set up and establishment of an Offshore Investment firm is a costly process as registration and legal fees have to be paid. The strategy of Offshore Investment requires do working with a person who is trustworthy and getting specific and adequate professional consultation. At this time the inventor requires a professional Offshore Investment advisor an accountant and an attorney. On the other side the investor is on a serious threat as lack of restrictions from the US rules and regulations also means that these regulations are no longer available to safeguard investors from thefts, scams and questionable claims.

Inspect all the offers and claims and then get them all reviewed by a professional before the commitment of a contract. It is much more difficult to recover the investor’s money once it is outside the States, and the laws of confidentiality might make it impracticable to trail down the money once it has been robbed. Be sure of the fact that an Offshore Investment strategy is actually the most excellent method to convene your Offshore Investment goals. If the investor is more involved in diversification, he or she can consider a mutual fund based on the U.S that aids to invest overseas.