Thursday, July 1, 2010
Thursday, May 20, 2010
Currency exchange continues to concern many expats with UK Pensions and QROPS
Currency exchange continues to concern many expats with UK Pensions and QROPS. Sterling is strengthening against the €uro bur weakening against the Dollar. The complexity for Pension and QROPS and investment strategies also needs continued monitoring of exchange rates to optimise returns.
Continuing our daily look at factors affecting currencies allows some insight into market conditions affecting exchange rates. Cash and income timing for UK Pensions and QROPS should be considered to maximise the Pension, QROPS and investment income and benefits taken.
Sterling rose to a near 9-month high against the Euro yesterday as ongoing concerns over the Euro zone debt problems spreading to other Euro zone members continued to affect the single European currency.
Fears the Euro zone debt crisis may not end with Greece added to safe-haven demand for the dollar and pushed sterling to a five-week low versus the U.S. currency (1.5047)
The concerns about Greece were more of a concern to the markets than the uncertainty ahead of the UK election and sterling rallied against the Euro with traders seeking the safety of the US dollar.
This morning sterling has pushed on further vs. the Euro hitting a nine month high against a weak Euro (1.1805). Concerns over the health of the Euro zone economy still outweigh the uncertainty surrounding the UK election which is forecast to be the closest vote for nearly 20 years.
The UK electorate began voting early this morning with the polls closing at 21.00hrs.
The latest polls put the conservatives ahead but in some polls it leaves them ahead but with the majority and in others they just scrape the majority.
A hung parliament would not please the markets who want a clear-cut result, the markets fear that a hung parliament could lead to delays in tackling the UK fiscal deficit which now stands at 11% of GDP.
For the moment however, concerns that Greece's debt problems is still drawing the market’s attention.
Gerard Associates Ltd advises expats and people considering living abroad on the options available for Pensions, QROPS and investments in a clear format allowing all customers to make an informed choice. This with the reassurance and security of UK authorised and regulated advice.
Continuing our daily look at factors affecting currencies allows some insight into market conditions affecting exchange rates. Cash and income timing for UK Pensions and QROPS should be considered to maximise the Pension, QROPS and investment income and benefits taken.
Sterling rose to a near 9-month high against the Euro yesterday as ongoing concerns over the Euro zone debt problems spreading to other Euro zone members continued to affect the single European currency.
Fears the Euro zone debt crisis may not end with Greece added to safe-haven demand for the dollar and pushed sterling to a five-week low versus the U.S. currency (1.5047)
The concerns about Greece were more of a concern to the markets than the uncertainty ahead of the UK election and sterling rallied against the Euro with traders seeking the safety of the US dollar.
This morning sterling has pushed on further vs. the Euro hitting a nine month high against a weak Euro (1.1805). Concerns over the health of the Euro zone economy still outweigh the uncertainty surrounding the UK election which is forecast to be the closest vote for nearly 20 years.
The UK electorate began voting early this morning with the polls closing at 21.00hrs.
The latest polls put the conservatives ahead but in some polls it leaves them ahead but with the majority and in others they just scrape the majority.
A hung parliament would not please the markets who want a clear-cut result, the markets fear that a hung parliament could lead to delays in tackling the UK fiscal deficit which now stands at 11% of GDP.
For the moment however, concerns that Greece's debt problems is still drawing the market’s attention.
Gerard Associates Ltd advises expats and people considering living abroad on the options available for Pensions, QROPS and investments in a clear format allowing all customers to make an informed choice. This with the reassurance and security of UK authorised and regulated advice.
Monday, May 17, 2010
Some aspects you must know before going for QROPS
According to a recent study, in the present time over two million British people live overseas and the number is increasing day-by-day. British people are going overseas since recently new higher tax rates were introduced in the UK. Majority of those people have built up huge amount of money with the UK pension schemes. On the other side, there are thousands of people who have worked within the UK and had to invest in the suitable UK pension schemes. Majority of those people often get confused while taking the right decision, but not anymore! With the commencement of QROPS, the people of the before-mentioned categories have found new ways to get their pension funds while staying in an overseas country.
There are ample numbers of benefits associated with the QROPS pension schemes. First and foremost, the funds and assets held under a Pension trust like QROPS, which are absolutely free of different kinds of taxes like wealth tax, capital gains tax, income tax and the fund can be passes onto successor-free of any tax including inheritance tax.
Moreover, with QROPS pension scheme you will get the full access to a full spectrum of investment opportunities, and interestingly all these tailored to one’s risk appetite. These can include bonds, commodities, properties, equities, alternative investments and equities. Here one thing needs to be mentioned is that the capital gains and income arising from the investments held within the plan, or the benefits paid by the pension scheme then will not be a subject to the UK tax.
Moreover, the international tax authorities, including the pension authority of Spain, can assist in a variety of scenarios from paying off a mortgage to purchase any kind of major asset. QROPS efficiently meets different requirements of the pension legislation in several countries from all around the world.
Remember, if you made an investment of a lump sum amount of money then it can assist you in different ways for paying off a mortgage to purchase a major asset. As QROPS pension scheme efficiently meets the different requirements of several countries’ pension legislation, you will not have to face the hassles of moving your assets between the QROPS providers to ensure savings remain tax efficient.
Before moving out for a QROPS scheme you are suggested to consult with an expert. Because, as this pension scheme involves different kinds of complexities, before taking an investment decision you should consult with a financial expert.
There are ample numbers of benefits associated with the QROPS pension schemes. First and foremost, the funds and assets held under a Pension trust like QROPS, which are absolutely free of different kinds of taxes like wealth tax, capital gains tax, income tax and the fund can be passes onto successor-free of any tax including inheritance tax.
Moreover, with QROPS pension scheme you will get the full access to a full spectrum of investment opportunities, and interestingly all these tailored to one’s risk appetite. These can include bonds, commodities, properties, equities, alternative investments and equities. Here one thing needs to be mentioned is that the capital gains and income arising from the investments held within the plan, or the benefits paid by the pension scheme then will not be a subject to the UK tax.
Moreover, the international tax authorities, including the pension authority of Spain, can assist in a variety of scenarios from paying off a mortgage to purchase any kind of major asset. QROPS efficiently meets different requirements of the pension legislation in several countries from all around the world.
Remember, if you made an investment of a lump sum amount of money then it can assist you in different ways for paying off a mortgage to purchase a major asset. As QROPS pension scheme efficiently meets the different requirements of several countries’ pension legislation, you will not have to face the hassles of moving your assets between the QROPS providers to ensure savings remain tax efficient.
Before moving out for a QROPS scheme you are suggested to consult with an expert. Because, as this pension scheme involves different kinds of complexities, before taking an investment decision you should consult with a financial expert.
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