512319-System__Resources__Image-560799

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…

hmrc-540x334

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…

Swiss Flag

Round 2! HMRC warns Swiss account holders

The UK/Swiss tax cooperation has yet to raise the projected £3.2 billion from tax dodgers, but they’ve yet to give up, sending a second wave of strongly worded letters to those who may be impacted by the agreement’s call for greater transparency. Although the letters are reported to threaten a detailed tax, “or in some cases”…

The state of UK frozen pensions

The case of UK frozen pensions may be heating up as two Tory backbench MPs plan to bring an amendment to the Pensions Bill. Currently, UK expat pensioners residing outside of the UK or within the Commonwealth have had their pensions frozen since their payment, with UK inflation rates not applying to their only source…