EU Brexit - 16 Countries Outside the EU where Pension Inflation Indexing Remains

EU Brexit - 16 Countries Outside the EU where Pension Inflation Indexing Remains

All EU Countries have reciprocal agreements for inflation indexing pensions for Expats living and working abroad.

Where will you choose to live in retirement and receive inflation proofing on your pension?

CLICK HERE TO REGISTER & RECEIVE PENSION INDEXATION REPORT  

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Cyprus Tax, EU Brexit for Expats, Tax Return Service ProACT Sam Orgill Cyprus Tax, EU Brexit for Expats, Tax Return Service ProACT Sam Orgill

Will You Lose State Pension Indexation With Brexit?

Many British Expats are Living and Retired Abroad in EU countries such as Spain, Portugal, France, Cyprus and Germany and receive indexed annual UK state pensions.  This applies to all EU countries, plus EEA countries, Switzerland and Gibraltar.

With EU Brexit this automatic right will be lost.  It may be during Brexit that Britain negotiates replacement arrangements, to allow pension indexing to continue

 

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EU Brexit for Expats - Potential Impact on State Pension Indexing

Expats Living and Retired Abroad can receive indexed UK state pensions if they live in a country with a reciprocal agreement for pension indexation. That includes all the EU Countries, so with EU Brexit - what happens to Expats Receiving UK State Pensions?

Whatever the manner of UK Brexit from the EU, Overseas Tax on Pensions paid offshore will continue to be determined by the relevant double taxation treaty - for better or worse. 

CLICK HERE TO REGISTER & RECEIVE PENSION INDEXATION REPORT  

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EU Brexit for Expats, Tax Saving, Cyprus Tax, UK tax ProACT Sam Orgill EU Brexit for Expats, Tax Saving, Cyprus Tax, UK tax ProACT Sam Orgill

Pension Freedom for Expats - Business or Retired

New Pension Freedom Rules allow Expats to Draw the whole of their UK based pension fund and pay tax in their country of overseas tax residence. This offers potentially large tax savings for Expat Business and Retired people Living and Working Abroad.

You don't have to retire to free your pension, even if living and working abroad, you can still reclaim the pension once you are over 55.

In the UK any Pension fund over £43,000 could generate a UK tax bill of 40% (£17,200)

The freed pension funds can then be invested in any way, cash investments, family business, overseas property, family education, repay loans, enjoy retirement. 

ProACT can help free your Pension and reclaim big tax savings up to 40%.

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Overseas Property, Expat Experts ProACT Sam Orgill Overseas Property, Expat Experts ProACT Sam Orgill

Stay Calm Exchange Rates : EU Brexit for Expats

 Stay Calm and Carry On Exchanging Currency

Forget the headlines. Exchange rates go up and down but on average they don't change much.

Do not let the headlines scare you. A headline exchange rate GBP : EURO of 1.20 exchange rate is in line with exchange rates between 2012 / 13 / 14.

This rate is better than 2009 / 10 / 11.

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Wills & Estate Admin, Tax Return Service ProACT Sam Orgill Wills & Estate Admin, Tax Return Service ProACT Sam Orgill

Expat Tax Saving Checklist

Sam Orgill of ProACT Partnership with Tax Saving Tips for Expats Living and Working Abroad in Cyprus UK

Expat Savers can make more tax savings following changes in the UK Budget and with Cyprus Taxes. 

Tax Savings can extend to inheritance following changes to Wills and Inheritance tax rates in the UK. They also include Pension Freedom to pay 5% pension income tax or lower.

With Property Tax Savings are always available for the shrewd investor in overseas property.

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Spring Changes 2016 - Tax Saving in Cyprus & UK for Expats

Sam Orgill of ProACT Partnership with Tax Saving Tips March Budget to Pensions Property & Investment 1/3/16 

Spring is here and along with it a new broom brings more tax changes and tax saving opportunities for Expats.  The UK has the annual tax budget on March 16th, while Cyprus has introduced more changes to Permanent Residency Rules for Cyprus Property Owners.  Meanwhile Property Transfer Tax remains discounted for 2016 offer large tax saving for expats with Cyprus property contracts of sale – but no title deeds yet.

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Cyprus Tax, Expat Experts, Tax Return Service ProACT Sam Orgill Cyprus Tax, Expat Experts, Tax Return Service ProACT Sam Orgill

UK Budget Pension Changes for Expats

Sam Orgill of ProACT Partnership highlights how UK & Cyprus Expats can take advantage of New Pension Freedoms

UK Budget Pension Changes

Pension Freedom came in 2015 and further changes are planned after consultation of the last year by the Treasury.  This could affect the tax saving when adding into a pension, but should not affect the rules taking money out.

Under Pension Freedom you can still draw a 25% tax free lump sum; this may go in this budget? In addition, a new freedom to draw the whole pension fund is available to anyone over 55. The catch is you pay income tax in the year of drawing pension up to 40% on lump sums over £43,000.

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Spring Changes - Tax Saving in Cyprus & UK for Expats

Sam Orgill of ProACT Partnership with Tax Saving Tips ARISING from the Budget Affecting Pensions Property & Investment for EXPATS

Spring is here and along with it a new broom brings more tax changes and tax saving opportunities for Expats.  Changes have come from the UK e annual tax budget , while Cyprus has introduced more changes to Permanent Residency Rules for Cyprus Property Owners. 

Meanwhile Property Transfer Tax remains discounted for 2016 offer large tax saving for expats with Cyprus property contracts of sale – but no title deeds yet.

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