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Income Tax and National Insurance Contributions Termination Payments

As it currently stands, qualifying individuals are either completely exempted from Income Tax on their overseas employment termination payment or have the taxable amount reduced through foreign service relief. However, this is set to change from 6 April 2018. In short, if you are UK resident in...

Magic Number

How much money do I need to retire? Or to put it another way, what is my magic number? You may not know this, but all of us have a magic number. And this is either an amount of capital or an amount of income with which...

Only 5% are Prepared for the Future

Whenever we spot a new wrinkle or grey hair, we often pause for a moment and consider how the years are rolling by. Most of us at some point will also worry about how our health might deteriorate in our later years.  In a recent study by...

Factoring Overseas Assets into Your Will

Writing a Will is the best way to decide exactly what will happen to your assets after you die. It’s important though to remember that you can determine what happens not just with your assets in the UK, but international assets too. It’s no longer unusual for...