Wednesday, November 13, 2019
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Patricia Smith

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I focus predominantly on the financial industry of the UK, despite living in Shanghai. I have been a finance commentator for 18 years now and have an MBA from the London School of Economics. I have contributed to Asian publications such including Guangming Daily, International Business Ties and Beijing Daily. In my private time I cook wonderful meals for my husband who appreciates my efforts.

QROPS Tax Changes – What To Watch For

Changes to the Qualifying Recognised Overseas Pension Scheme (QROPS) are highlighting the need for retirement savers to take professional advice when moving UK pensions offshore. Arguably, new tax and pension rules moderating the offshore...

Lawyer’s Bad Luck Carries On As He Loses Tax Case

A lawyer’s long tale of bad luck failed to win him a legal challenge against penalties for investing in film partnership tax avoidance scheme. Solicitor Joginder Nijjar’s tale of woe started in 2008 when he...

Brexit Deal Struck For Expats Say Whitehall Insiders

Prime Minister Theresa May has already taken the first step to secure the rights of British expats living in Europe without crossing the Brexit start line. Speculation in the European Union headquarters in Brussels leaked...

State Pension Maze Is Impenetrable For Most People

State pension rules are so complicated that even the government department responsible for interpreting them seemingly does not understand how they work. Telephone advisers for the Department of Work and Pension allegedly give conflicting information...

100 Financial Centres Start Swapping Tax Data

Expats who have money or assets outside Britain can expect to start receiving letters from the UK tax man soon. Hundreds of thousands of letters are being drafted for expats who have returned to the...

Trouble In Store For Tesco Pension Savers

Savers in the supermarket giant Tesco’s retirement scheme may have trouble in store as the company’s pension black hole has swelled to £5 billion. Tesco is the latest FTSE company to reveal a huge pension...

Saudi Expats Must Pay For Falling Oil Prices

The cost for expats living and working in Saudi Arabia has soared as falling oil revenues start to bite on the economy. As the government faces a massive $98 billion budget black hole, one way...

How QE Impacts On Company Share Prices

Unscrambling the real value of investments is becoming more difficult as central bank monetary policies distort the markets. The values of some currencies and gilts are falling while stock markets are bullish but many analysts...
pension

Loose agreement could cost Eurocrats pension cash

Some loose wording in an agreement about who foots the bill of billions of pounds for Eurocrat pensions may blow up into a massive Brexit row. Since joining the European Union, Britain has seen nearly...

Pension freedom drawdowns soar to £1.8 billion record

New pension freedom figures show 159,000 retirement savers accessed a record £1.8 billion in the run up to the Brexit referendum. HM Revenue and Customs (HMRC) revealed the numbers for the second quarter of 2016. The...
pensions

What Expats Need To Know About QROPS Pensions

The Qualifying Recognised Overseas Pension Scheme (QROPS) is one of the best kept secrets that UK based IFAs do not tell their clients about. The reason is most do not know enough about QROPS and...

Global House Prices On The Rise

House prices around the world increased in most countries last year, according to the latest statistics from the International Monetary Fund. Prices are tracked in 64 countries – with home values going up in 51. Leading...

MPs Take Firms To Task Over Pension Black Holes

Transferring out of a final salary pension is becoming a retirement option for some savers as companies struggle with massive pension deficits. Many companies are crippled by black holes in their pensions. A select committee of...

New Database Reveals Owners Of UK Companies

Companies House has stripped away confidentiality for people who own or control companies in Britain. The new Companies House database will identify anyone with significant control of a company from April 6, 2016. Significant ownership or...

What Do You Buy Someone Who Has Everything?

If you have saved all you need for retirement and want to spend a little on life’s little luxuries, here are a few suggestions of what to buy someone who thinks they already have...

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