UK Pensions

BA Final Salary Pension

BA Final Salary CETV’s Soar To New Heights

BA Final Salary CETV’s Soar To New Heights British Airways fleet might be grounded for the time being but less can be said about their Final Salary Pension.  Since COVID-19 struck back in February the BOE (Bank of England) decided to cut interest rates even further to help boost the economy and aid the recovery. As a result interest rates currently stand at 0.1% and this has a significant impact on Final Salary Pensions as they become extremely expensive to…

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WEBINAR – How to maximise your UK pension assets

WEBINAR – How to maximise your UK pension assets If you have worked in the UK and contributed to a UK pension scheme then you will find our next webinar extremely beneficial.  Over the next two weeks we will be hosting two webinars with a view of showing you how to firstly consolidate your pensions, reduce taxes and ensure you leave the maximum amount to your loved ones upon death. Secondly, we will share with you our investment strategy that…

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Review your Final Salary Pension

Final Salary Pensions Soar To New Highs

Transfer Values For Final Salary Pensions Soar To New Highs Final Salary Pensions have been experiencing difficulty for many years due to how expensive they are to run and maintain. However, even more so recently due to the crisis we are all currently facing. With the coronavirus shutdown wreaking havoc on companies and stock markets around the world, the total deficit of the UK’s 5,422 defined-benefit schemes increased to £135.9bn at the end of March, up from £124.6bn at the…

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Lockdown adds £10bn to deficit of UK’s final salary pension funds

Lockdown adds £10bn to deficit of UK’s final salary pension funds Companies could be required to find large sums to top up pension funds after new figures showed that more than £10bn was added to the combined deficit of the UK’s final salary pension funds during March. With the coronavirus shutdown wreaking havoc on companies and stock markets around the world, the total deficit of the UK’s 5,422 defined-benefit schemes increased to £135.9bn at the end of March, up from…

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Transfer your UK pension

Avoid paying 55% tax on your UK pension

Avoid paying 55% tax on your UK pension Many expatriates living here in Switzerland or worldwide for that matter, are potentially going to be liable to pay the additional 55% tax when they draw upon their UK pension assets.  This is mainly due to the Life Time Allowance (LTA) being reduced significantly over the past years.  For example between 2010 and 2012 the LTA was £1,800.000 and now it is just £1,055.000. So what is the life time allowance? The…

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