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Overseas pensions could be excluded from sharing orders during divorce proceedings after the England & Wales Family Court said that it has no power to make such an order.
Following the closure of the HMRC settlement period for for employee benefit trust settlement opportunity (EBTSO) last year, the tax authority has set out revised guidance outlining how income tax will be offset for non-disclosed years
MANCHESTER, U.K.—Old age may not be something European scientists think about as they hop around the continent in search of exciting Ph.D. opportunities, broader postdoctoral experience, or attractive faculty positions. But once they approach retirement age, many realize that working in countries as diverse as Estonia, Spain, or Germany can be detrimental to one’s nest egg.
The International Accounting Standards Board (IASB) is to consider possible changes to its pensions accounting rulebook following growing public interest in hybrid-risk plans.
Angela Calnan, Head of our Middle Eastern Practice has, this month, advised one of MENA's fastest growing airlines to launch a $20m pension for its 3,400 employees.
International occupational pension schemes in Guernsey – sections 40(o) and 40(p) of The Income Tax (Guernsey) Law, 1975
International personal pension schemes in Guernsey – section 40(ee) of The Income Tax (Guernsey) Law, 1975
This report summarises the results of the 2015 International Pension Plan survey; an annual survey conducted by Willis Towers Watson regarding international pension plan (IPP) and international savings plan (ISP) specific design elements and membership criteria. The survey covered 721 plans sponsored by 638 companies. The number of participants continues the increasing trend from previous years, showing that the survey continues to gain interest and that new plans are being created. Among survey respondents, 23 new plans were set up in 2015.
From 6 April 2016, the pensions annual allowance will be reduced for many individuals with taxable income (which includes employer and employee pension contributions) of over £150,000 per year. For individuals with taxable income in excess of £210,000 per year the pensions annual allowance could be reduced to as low as £10,000.
It’s more than three years since The National reported on the collapse of the Hastie Group, the UAE subsidiary of an Australian contractor forced to close suddenly in the aftermath of the global financial crisis and the Dubai real estate crash.