Recently, The UK Pensions Regulator (TPR) gave trustees of about 5,500 UK pension schemes the right to suspend transfers of defined benefit schemes for up to three months (note this affects final salary-style, or defined benefit pensions) to allow pension companies to review transfer valuations, and the administrative impact of a potential increase in demand […]
It’s very possible that all of our current efforts around the world to contain this virus will lead to a recession (at least technically) in the near future. It’s also true that government stimulus programs aimed at providing a cushion and protecting the economy and its workers, will also influence how long a recession might last. […]
How do you become resident or even a citizen in Italy? I thought I would provide some summarised information to help new arrivals and British nationals alike. (This is especially relevant for British nationals since Brexit) This is a guide for European citizens within the European Union, including British nationals with transition period-rights while Britain […]
The retired migrant’s tax concession program, Italy Italy has introduced favourable tax policies for those who want to retire in Italy, or move their tax residency to certain parts of Italy (applicable for returning Italians or new residents) The exceptional news about the tax regulation is that it applies to all foreign source income. So […]
You are unlikely to move to Italy purely for tax advantages. It’s more likely you will have thought deeply about your personal and work future plans, and experienced many emotions about the difficult choices facing your life after brexit. These decisions are of course not to be taken lightly, and are likely to have been […]
The UK will formally leave the European Union on 31 January 2020, leaving many questions and concerns for both British citizens living throughout the EU, as well as EU citizens living in the United Kingdom. The UK was due to leave the EU on March 29, 2019, in accordance with the EU’s Article 50 exit […]
Taxes on UK property set to rise significantly after Brexit for Italian residents Britain’s exit from the European Union will change how the property tax is calculated for UK property owners, and will likely result in annual property tax increases. The tax, known as the IVIE, is currently applied to all foreign property owned by […]
As you well know, a stalemate has developed in the UK and recently claimed the scalp of the Prime Minister. What remains to be seen is whether a new leader can find an alternative solution that has sufficient support and which can create unity within the UK parliament and within the wider UK population. Despite […]
A new favourable taxation option is now available for new residents to Italy, designed to encourage and increase investment. These rules provide for a new fixed-amount substitute tax which new residents with high foreign incomes have the option to pay annually, and which becomes the maximum and only amount of tax they will pay on their […]
Italy’s tax authorities have just requested information from Switzerland concerning 10,000 bank customers who reside in Italy These clients deposited a total of 6.7 billion euros in Switzerland, according to an article from Reuters newswires. The police said in a statement this action concerns Italian residents holding 9,953 financial positions in Switzerland. The police declined […]
Recently UK advisers have written about the concerning situation affecting many British final-salary schemes and their members. You may have such a pension scheme after working in the UK for a few years. What do you need to consider, if you have one and you’ve moved overseas? Unfortunately many of these schemes, are likely to […]
