Blog

  • The post-Brexit period

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    The post-Brexit period could already be having implications, particularly as relate to Franco-British relations, in the form of pension fund transferability. Indeed, the English tax administration, HMRC, has just officially announced the withdrawal of French PERs [retirement savings schemes] from the list of QROPSs. Until now, PERs had been preappr...
  • 31% of Britons have given up saving

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    A recent study has revealed that almost a third of the population are putting no money at all into savings. The report by the Social Mobility Commission found that 31% of people in Britain have nothing left to save at the end of every month, with 4% saving under £10. Around half save £100 or under, with only 23% saving more than £200. The alarming...
  • UK to lose out this Christmas in VAT

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    VAT avoidance could cost the UK tens of millions of pounds this Christmas thanks to the increasing number of non-EU sellers on sites such as Amazon and eBay. The huge increase in traders from countries such as the USA and China is difficult to control, resulting in an overly complicated system which is open to abuse. The problem is caused by intern...
  • Already ? Surely Not!

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    It’s that time again when many International Teachers are coming to the end of their existing contracts or just relish a new challenge. Professionally, due to timing, you most likely have already had to resign from your existing post (usually by Christmas) before confirming a new posting (vacancies advertised/job fairs begin early Jan 2017 onwards)...
  • Remember this?: “RBS advised clients to brace for a ‘cataclysmic year’ ” (Telegraph 11 January 2016)*

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    It is an inescapable fact that all investment advisers must take a view on the future. Even a simplistic approach of avoiding ‘fund managers’ and using stock market index tracking funds relies on a view that stock markets will out-perform everything else in the long run. When RBS predicted a cataclysmic year for 2016, with US and EU markets predict...
  • Changes 2017 in employee benefit legislation

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    Retirement Every year several figures for pension plans in the Netherlands are updated. Please find the most important changes below. Offset Pension system Minimum required offset Final Pay € 14.850 Average Pay € 13.123 Defined Contribution € 13.123   The offset has to be taken into account because of the social state p...
  • Good news from the other side of the channel:

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    I am pleased to say that Alexander Beard (France) is out of the starting blocks and busily doing business. Obviously a significant part of 2016’s activities focussed upon establishing the legal and regulatory approvals for the launch of our French office in Lyon; since then the employee benefit side of the French office has secured our first two co...
  • Tapered Annual Allowance

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    What is the tapered annual allowance? The tapered annual allowance has been designed to reduce the annual allowance for individuals with adjusted incomes over £150,000.  This will reduce the annual allowance by £1 for every £2 of income above £150,000.  The maximum reduction is £30,000 where individuals with incomes of £210,000 or over, will have t...
  • Slow start to housing market predicted for 2017

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    The housing market is set for a slow start in the new year due to a shortage of homes for sale, according to a survey by the Royal Institute of Chartered Surveyors (RICS). Although property transactions may increase at the beginning of 2017 after slowing since the spring, the survey suggests that any acceleration is likely to be modest at best. The...
  • ERNIE turns 60!

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    The first premium bond was sold on 1st November 1956, with £5 million worth of premium bonds sold on the first day alone. There are now 21 million people holding more than £63 billion in premium bonds, proving that they are still a popular form of investment. The first draw was held on 1st June 1957 for a top prize of £1,000. In the intervening six...