International Financial Advice, Corporate Services, Individual Financial Planning, Mortgages, Pensions Consolidation and Management , Expatriate Services, Emigration Services, International Schools, Q.R.O.P.S., and International Currency Transfer
Investing Overseas as a US Citizen - New US Climate. An acquaintance of mine was a state legislator representing a district within California.
When “Then Movie Star” Arnold Schwarzenegger was running for Governor of California, the legislator said to me, “...if Schwarzenegger gets elected, he won't get anything done. We won't let him get anything done.” His point was, Schwarzenegger was an outsider and an opportunist, with little to no experience in the public sector. His performance in office was ultimately lackluster. To attempt to get things done, Schwarzenegger often went to the public through referendum; utilizing his star power to some effect.
Now with Trump, there are similar circumstances. The “take away” here is while Trump may have some good ideas and policies, it will be difficult for him to implement them. My sense is, its unknowable; though I'm suspect of unbridled growth. First, expect market volatility. US investors suffer with far reaching taxation and onerous laws for moving money around the world. Cross Border US UK - Cross Border Pension Sharing Service. At Alexander Beard, we offer a UK based, FCA regulated service to individuals who are to receive pension funds when instructed by a court order.
It is quite simple for the order to be made, however the actual facilitation of the request can be very difficult to complete, especially if the beneficiary is non UK resident. An example of the service we offer – Mr and Mrs Jones live in the United States and are divorcing. A court has ordered that Mr Jones pay his wife 50% of his UK based occupational final salary pension scheme.
Mr Jones’s pension provider would normally insist that a cash equivalent transfer value is calculated and the 50% share must be moved to a new pension provider under the name of Mrs Jones. UK Pension US Resident - Brits resident in USA - QROPS Pensions. You may or may not have heard of a QROPS but if you have a UK personal pension, as many ex-pat Brits do, this article may be of some interest to you.
There is much uncertainty surrounding this subject for individuals that are now considered as US tax resident/citizens. Although this short article is by no means comprehensive, it will aim to make clear some of the main points on the subject. Qrops in USA - Qualifying Recognised Overseas Pension Scheme USA. On the 6th April 2016 Her Majesties Revenue & Customs (HMRC) introduced something called QROPS, an acronym for Qualifying Recognised Overseas Pension Schemes and was an approval process whereby HMRC would recognise a pension fund in another country and in appropriate circumstances allow a transfer of a UK qualifying pension scheme to that particular plan.
Since 2016, QROPS rules have changed and developed numerous times and a many of the original overseas retirement plans with QROPS status have now been removed from the HMRC approved list. Again, the reasons for this are numerous, but there still exists opportunities to transfer your pension should you be living overseas. These opportunities could include a local plan if it has what is now known as ROPS (Recognised Overseas Pension Scheme) approval and various qualifying standards apply. For more information about this complicated picture and QROPS in the USA, please contact us. Services to Expats in India - Expats Taxation in India. Habibullah & Co, in conjunction with Alexander Beard Group are pleased to offer the following services: If you are an Expat from one of the following countries, we can assist and advise you on the following: From the UK: Managing the assets (Pension plans; ISA’s; Endowments and Investment accounts) you have left behind.Taking the best advice on your pension.Check out the validity of your UK Life insurance.Flexible/ mobile health insurance.Building a low cost, offshore investment portfolio.From The USA:FATCA reporting: are your investments all compliant?
Who is managing your 401K/IRA back home? Building a FATCA friendly, low cost, offshore investment portfolio.Flexible/ mobile health insurance.From Australia:Managing your Aussie Superfund.Continuing contributions to Superfunds.Transferring foreign pension funds back to your Aussie Superfund.Flexible/ mobile health insurance. SA Expats in UK - South African Expat Tax Advice. Financial Services for South African Expats in the UK: I am delighted to introduce you to Alexander Beard Group, an international financial services business formed 33 years ago in the UK and now spanning the world, head quartered in Cheshire with additional UK offices in the London and Yorkshire; our international offices are located in France, Netherlands, Canada, USA, Australia and South Africa.
Having successfully served Expats of many nationalities over our history and following the acquisition of Johannesburg based advisory business in February, we are now launching our long awaited SA Expat services. We also have a team of qualified advisers in the UK and South Africa, so you can meet face to face wherever you are, which allow us to offer a truly cross border service. Contact us firstname.lastname@example.org or call +44 151 346 5460. Please note: The FCA does not regulate Tax adviceThe value of investments may rise as well as fall and you may get back less than you invest. South African Expats in USA - SA Expats in USA. Financial Services for South African Expats I am delighted to introduce you to Alexander Beard Group, an international financial services business formed 33 years ago in the UK and now spanning the world.
We have offices in the UK, France, Netherlands, Canada, USA, Australia and South Africa. British Expats Australia - UK Expats in Australia, UK Expat Tax Advice. Setting-up superannuation plans in Australia that satisfy the stringent Qualifying Recognised Overseas Pension (QROPS) requirements, allowing tax efficient and cost-effective transfer of UK pension funds to Australia.Releasing "stranded assets": including pension funds, endowments and other UK based savings.Managing the transfer and investment of funds from the UK and combining with Australian investment assets.Managing what you have left behind: if you have assets back in UK that you want to leave there, we can manage them for you through our UK regulated company.
Replacing UK Life insurance: if you continue to pay for UK based life insurance it may be subject to tax in the UK and Australia; we can replace this cost effectively with a tax qualified Australian plan. Favourable FX currency services through our relationship with Investec bank. Domestic superannuation, investment, critical illness insurance and healthcare advice. UK Expat Pension Advice - Financial Planning, Emigration Finance Advice. Individual Financial Planning - Financial Advisor For Individuals. Financial Emigration Services - Financial Emigration From South Africa.