Think Tank Bemoans UK Coalition Rift On Marriage Tax Breaks

via tax-news.com

More bad news for UK marriages! With the UK government focussed on closing down tax loopholes and tax breaks, it seems that UK marriages are now under fire with the UK coalition looking to shit off marriage tax breaks.

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A Pension Transfer

There a number of reasons to make a pension transfer, you may be retiring, moving overseas, looking to change your job or have been made redundant.  Whatever the reason, a pension transfer into another fund should be approached with caution. It is essential to check the benefits of any proposed pension fund before making a pension transfer, the financial position of both funds must be borne in mind and any new scheme should have the same rights as your current fund. A correctly placed pension fund is essential, investing in a jurisdiction with strong regulatory legislation will ensure a financially sound and stress-free retirement.

Advantages of a Pension Transfer

A pension transfer can be very beneficial if your current pension fund is underperforming; you can select a new fund with increased growth levels and lower management fee charges. Other reasons to consider a pension transfer are:

●      Greater tax efficiencies including inheritance tax planning

●      Protection of assets

●      Investment  flexibility

●      Access to global funds

●      Tailored plan to suit your needs

Pension Transfer – Seek Advice before Making a Move

When looking to make a pension transfer it is best to seek the advice of an independent consultant who will make suggestions based on your particular circumstances. As rules and regulations pertaining to a pension transfer are amended on a regular basis, the local conditions of a particular jurisdiction have to be understood before making a pension transfer, enabling you to make an informed decision.

Offshore Company Growth in Uruguay

We like to keep our fingers on the pulse of offshore company development news as it happens. Have a look at this news coming out of Uruguay.  

Offshore Trusts: Five Categories of People who are Likely to Find Them Useful

Offshore Trusts are ideal for the protection of wealth against contingencies such as messy lawsuits, divorce settlements, and civil strife-related complications. Accordingly, there are at least five groups of people who are likely to find such Offshore Trusts useful.

Public Servants as Potential Beneficiaries of Offshore Trusts

It is a requirement, in many legal jurisdictions, that people holding public office must regularly ‘declare’ their wealth. The problem here is that you may end up losing your personal property this way, as a public servant - should someone get the idea that ‘it is more than you should have.’ In many cases, all it would take, for such people to deprive you of your hard-earned wealth, is to create a credible case (however farfetched) to the effect that you obtained your wealth irregularly, through the use of your public office.

But by putting your wealth (as a public servant, or an aspiring public servant), under Offshore Trusts, you can be sure that such people won’t have any way of laying their hands on your wealth. That is because, once your wealth is under an Offshore Trusts, it get registered under the trustees’ name, and as such, it is not viewed as your property (which means that nobody can seize it).

Business People as Potential Beneficiaries of Offshore Trusts

We see many cases where, when the time for business dissolution comes, the property of the businesspeople in question has to be seized to meet some of the liabilities of the winding up company – especially if it wasn’t a limited liability company. But if you are a businessperson, and you have your wealth in Offshore Trusts, it can’t be seized in this way as it won’t come across as ‘your property,’ but rather as the ‘trustee’s property.’ One person’s property can’t be seized to pay for another person’s liabilities! Of course, it is only you and the trustees who will know that, in fact, the wealth is yours, held in trust (for your benefit) by the trustees behind the Offshore Trusts.

Married People as Potential Beneficiaries of Offshore Trusts

It is trite law that when the time for dissolution of a marriage comes, one of the marriage partners may end up benefitting from the property of the other partner – even if he or she didn’t really work towards its obtainment. There are actually many people who get into marriage with the express objective of benefiting in this way. Prenuptial agreements don’t really get to the root of the issue. But if your property is held in Offshore Trusts, it is in the trustees’ name, and a greedy estranged marriage partner won’t be in a position to lay his or her hands on it.

Hardworking People Living in Politically Unstable Countries

When a politically unstable country implodes, the people who had wealth in it tend to lose out spectacularly. The prospect of political instability, however remote, has always been known to cause people to seek ways of protecting their wealth. One of these is through the use of Offshore Trusts: through which one can keep at least part of his or her wealth outside of his or her politically unstable country, ensuring financial stability in the event civil strife breaks out and they have to flee to another country.

Prudent Property Owners

Nobody is absolutely safe from litigation. And as we all know, however well one conducts their cases, the judgments and rulings are always matters of the judges’ opinions. Sometimes things go wrong, and the result is often that of your (hard-earned) wealth being up for seizure. It is a nightmarish situation, but you can avoid it by putting most of your wealth in Offshore Trusts, where it is unreachable.
To more information on other categories of people who can benefit, visit Offshore Trusts.