Managers of Wealth Funds

How To Reduce Tax on Your Pension?

If you are a resident of the United Kingdom and looking for the same then this blog will be an answer to all your queries.

Pensions allowance tax charges hit record high

The total value of LTA charges reported by schemes stood at £342mn in 2019-20. This is a 21 per cent increase from £283mn in the previous period.

World’s first UN Tax Convention draft is antidote to sanctions-busting financial secrecy, campaigners announce

The draft convention would bring transparency to the estimated $10 trillion held offshore anonymously by wealthy individuals and the $1 trillion in profit shifted by multinational corporations across borders every year.

Specific tax framework for European long-term investment funds enacted

It should be noted that the DRD regime applies to dividends arising in full or in part from real estate income received by Belgian ELTIFs

How to get the most out of pension tax advantages

Personal finance experts share 10 tips savers should be aware of

LTA tax take up 1000% in decade

Mazars said the reason behind the increase was more individuals being caught out by the tax.

Neil MacGillivray: Paying the annual allowance charge

When confronted with an annual allowance charge, knowing ways to settle the charge may prove advantageous for advisers and their clients.

Double tax whammy risk for big pension withdrawals

As 61% of retirees accessed their pots without financial advice

This Island Is The New Luxury Tax Haven For Crypto Rich

The St. Regis Bahia Beach Resort in Puerto Rico boasts a golf course and oceanfront residences in a 483-acre nature reserve, set along azure waters and lush rainforest.

Taxing times for real estate investors

Recapping the key changes that impact active investors

New tax regime for UK asset holding companies

The new regime includes a number of UK tax reliefs which we expect could be of interest to fund managers and investors in alternative assets.

Your pension: a tax-efficient way of passing on your wealth?

For those planning to pass on their wealth to the family or other beneficiaries, the prospect of a 40% tax bill on their estate is an unwelcome one.

Qualified Opportunity Funds / OTS Series

Investments in qualified opportunity funds (QOFs) offer a number of distinct tax benefits

A global corporation tax rate: Understanding the OECD's proposal

This report provides a summary of the key parts of the proposals and the issues which should be monitored over the next 18 months

Country-by-Country Reporting

The latest information on the EU’s initiatives on public and non-public CBCR.

UK Labour party plans crackdown on private equity tax loophole

UK opposition would cancel ‘carried interest’ break that allows buyout executives to keep bigger bonuses

Are pension savings subject to Inheritance Tax? The rules explained

Naturally, the taxman will be after his slice of any funds but if people are proactive and take early measures, they can ensure that their inheritance passes as cleanly as possible.

New data reveals soaring Inheritance Tax receipts

The recent run of increases to monthly IHT receipts means the tax is becoming an increasingly important revenue source for the Treasury.

Tax amendments proposed for those taking pension funds offshore

Axelson, however, said this was different to individuals who stay as South African tax residents, who can access their money only once they are aged 55 or more.

Earnings anomaly piles pressure on State Pension triple lock

The extremely large number of vacancies waiting on the shelves tells us there is an elevated level of frictional unemployment though, as the jobs market transitions back towards normality.