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While it may be glamorous to work abroad, things can get less-than-exciting when it comes to planning for retirement.
That’s especially the case for companies trying to recruit and retain high-level employees.
The Thailand capital market regulator has directed asset management companies in the country to develop ‘post retirement products’ as an investment alternative for the retirees segment.
The tax legislation regarding the UK tax treatment of payments of lump sums from overseas pension schemes relating to foreign service changed from 6 April 2011.
Prior to 6 April 2011, although lump sum payments from foreign pensions were taxable, Extra Statutory Concession (ESC) A10 allowed an unapproved foreign pension scheme to pay a lump sum free of UK income tax to an employee who has worked outside the UK, where their non-UK service up to 5 April 2011 is either...
There have been a variety of stories on the growing number of ex-pats returning to the UK recently. Whether this is down to disenchantment, homesickness, redundancy, or any number of other reasons, is anybody's guess.
Nairobi,Kenya:The Federation of Kenya Employers (FKE) has raised the red flag over omissions in the recently published rules and regulations, meant to operationalise the National Social Security Fund (NSSF) Act.
Pensions expert Keith Boniface has come out of a short-lived retirement to launch a joint venture which looks to target US expats in a post-FATCA marketplace.
Expat Pensions USA, as the company will be known, aims to solve the pension problems US expats will face when the Foreign Account Tax Compliance Act comes into place on 1 July.
A pensions revolution hit the UK last month as the UK Chancellor announced the freedom for retirees to take their pension pots in the form of cash lump sums instead of annuities.
In this article Karen Farman, Collas Crill's pensions expert, explores whether the Channel Islands will follow suit.
There is no question that the UK’s pensions industry was caught by surprise by Chancellor George Osborne’s announcement, of major changes to the UK’s pensions rules, in his Budget speech on 19 March.
In a sentence or two, Osborne all but ended the decades-long requirements for enforced annuities, and rules which prevented most UK pension scheme members from accessing more than 25% of the funds from their UK pensions as a lump sum.
As advisers and the UK pension industry attempt to make sense of the ramifications of the major changes to the UK’s pension rules that were outlined in Chancellor George Osborne’s Budget speech last month, an additional complication appears to be creeping into the debate.
This added complication has to do with whether IFAs with UK-resident clients should be discussing QROPS with them, if they are to be considered “whole of market” advisers.
According to the UAE Labour Law, an end of service benefit (EOSB), or gratuity, is granted at the end of employment to any worker who has completed one or more years of continuous service. Jahangir Aka, the managing director of SEI Investments Middle East says it is calculated on an employee’s basic salary, earning them 21 days’ salary per year of service up to five years.