Safe with a Note Saying Inheritance Tax!

Will David Cameron Really Drop the Inheritance Tax Threshold?

David Cameron’s proposal to increase the inheritance tax threshold has been met with applause from the public at large but has certainly left financial experts sceptical, particularly as the Conservative’s promised this reform in their last manifesto in 2010 and it failed to materialise. Inheritance tax is paid by a single person with an estate…

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HMRC Gains New Powers in Fight Against Pension Liberation

The most trumpeted aspect of George Osborne’s Budget 2014 was undoubtedly his self-proclaimed “most far-reaching reform to the taxation of pensions since the regime was introduced in 1921″. However, alongside this much needed shake up of the pensions system came an equally vital but less newsworthy change: greater action against pension liberation. Budget 2014 has…

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HMRC Tightening Up on QROPS as Pension Liberation Moves Offshore

Under increased scrutiny from The Pensions Regulator and its affiliates, pension liberation scammers have changed tack; falsely marketing QROPS and other offshore pensions as means of accessing one’s pension pot early, a recent industry forum heard. The news came through HMRC’s latest Pension Stakeholder Forum, and highlights how pension liberators are becoming more sophisticated in…

Bank of England

Overseas Banks to Adhere to New Regulations

Britain’s Prudential Regulation Authority (PRA) has issued a new scheme to protect Britain’s banking system from the sometimes substandard regulatory practices of non EU banks. Asset management services of foreign banks now operating in the UK now account for some £2.4 trillion. If foreign banks wish to continue operating in the UK they must adhere…

Cityscape of Singapore, Republic of Singapore

Singapore Named Most Expensive City in the World

A recent study by the Economist Intelligence Unit (EIU) has named Singapore as the most expensive city in the world for 2014. Tokyo, 2013′s champion, was displaced to a joint sixth with Caracas (Venezuela), Melbourne (Australia) and Geneva (Switzerland). The Worldwide Cost of Living Survey takes into account some 400 individual prices in 131 countries to calculate overall…