BT Pension Scheme – Latest Position for Members

Posted by Paul Davies on 07/03/18 11:35 | Post topics United Kingdom

On 15th November 2017, BT launched a formal 60-day consultation on proposing changes to the company pension scheme – the BT Pension Scheme (a defined benefit arrangement).   Although one of the largest pension schemes in the private sector, with around 300,000 members, it is reported to have a deficit of around £13.9 billion.

Read more

UK Budget Alert - New UK Pension Transfer to QROPS Tax Charge

Posted by Paul Davies on 09/03/17 16:38 | Post topics Australia, United Kingdom, Pensions, QROPS

British expats wanting to transfer their UK private pensions abroad could be hit with a 25% tax charge, as a result of changes announced by HM Revenue & Customs (HMRC) in the UK Budget 2017 yesterday.

Read more

The Beginning Of Qualifying Recognised Overseas Pensions (QROPS)

Posted by Simon Harvey on 29/07/09 18:09 | Post topics Immigration, Australia, United Kingdom, Pensions

Qualifying Recognized Overseas Pensions Schemes (QROPS) came into effect with the introduction of Pensions Simplification in the UK. Originally set down in the Finance Act 2004, pensions simplification was introduced in order to remove much of the complication the many different regimes were giving the industry.

Read more