Blevins Franks
Spain retains wealth tax quashing hopes of ‘promised abolition’
Spain has confirmed there will be no changes to income or wealth taxes in 2017, despite political instability in recent months giving hope that a controversial wealth tax would finally be lifted.
Malta the ‘big winner’ of UK’s extensive Rops reforms
Malta will be the “main winner” of HM Revenue & Customs’ plan to change the ‘eligibility criteria’ for foreign pensions to qualify as recognised overseas pensions schemes (Rops), according to the director of European IFA firm Blevins Franks.
Best Practice | 12 Oct 16
British expats living in Spain must now disclose Malta Rops
Spain has unveiled a new rule which will require British expats to declare the money they have in Malta-based recognised overseas pension schemes (Rops) that allow ‘flexi-access’ in line with the UK’s pension freedoms introduced last year.
United Kingdom | 4 Aug 16
ABI reports 10-fold rise in use of Sipps post-pension reforms
The number of savers using self-invested personal pension schemes (Sipps) has increased 10-fold in recent years, data from the Association of British Insurers shows.
Brexit stokes pension fears and uncertainty, say IFAs
British expats living overseas face a period of uncertainty around their retirement plans after the UK’s shocking decision to leave the European Union on Friday, according to IFA firms around the world.