by SJB US | Nov 5, 2024 | Financial Planning, Pensions, Regulations, SJB US, UK
The UK’s Autumn Budget 2024, delivered by Chancellor Rachel Reeves, marked a historic moment as the first budget by a female Chancellor and the first Labour budget in over a decade. Here’s a comprehensive breakdown of the key announcements. Economic Stability and...
by SJB US | Nov 4, 2024 | Advice, Financial Planning, Inheritance, Pensions, Regulations, SJB US, Tax, UK
The UK’s Autumn Budget 2024 has introduced transformative changes to pension rules, significantly impacting both domestic and overseas pension holders. In a historic move, the government has announced that pensions will now fall under Inheritance Tax (IHT) regulations...
by SJB US | Oct 7, 2024 | Advice, Financial Planning, Pensions, Rob Hoey
A Backdoor Roth IRA is a strategy that allows high-income earners to enjoy the benefits of a Roth IRA, even if they exceed the income limits for direct contributions. This approach has gained popularity among savvy investors who want to take advantage of the tax-free...
by SJB US | Sep 23, 2024 | Advice, Daniel Lattimer, Pensions
When you think about retirement, understanding your life expectancy in weeks rather than years can offer a more precise view of what it takes to prepare financially. Here’s how you can strategically plan your savings, whether you are 35, 45, or 55 years old. ...
by SJB US | Jun 11, 2024 | Advice, Estate Planning, Jake Barber, Pensions, UK
Understanding how your UK pension is taxed upon death while living abroad is crucial for effective estate planning and ensuring your heirs receive the maximum benefit from your pension savings. The tax implications can vary significantly depending on the type of...
by SJB US | Jun 8, 2024 | Advice, Jake Barber, Pensions, Regulations, UK
In a significant update to the pension system, the UK government launched a new online tool in 2024 aimed at simplifying the process for individuals wishing to top up their UK state pension. This digital initiative reflects the government’s commitment to enhancing...
