My Financial Expat

The Governments plan to 'tax raid' wherever they can the recoup loses due to the pandemic will massively effect UK pension holders whether you are a UK resident or overseas. This may sound ludicrous but not impossible......

History shows this when reviewing the Lifetime Allowance:

2011 - LTA stood at £1,800,000
2013 - LTA was reduce to £1,500,000
2014 - LTA was reduce to £1,250,000
2021 - LTA was reduce to £1,073,100
Will 2022 be the year the UK government reduced the LTA to £800,000?

Industry warns against Treasury ‘tax raid’ Experts from across the pensions industry have warned against a rumoured “tax raid” in the autumn budget.

The UK state pension acts as a main income for a number of individuals in retirement. It is therefore crucial to check how many years you paid UK National Insurance to ensure you receive the correct amount. However, some have stated the current levels of support from the Department for Work and Pensions (DWP) do not extend far enough.

If this is something you want to check, please feel free to get in contact for a complimentary UK State Pension informative call.

State Pension: Britons demand increase to £400 per week for all - 'the state should pay!' STATE PENSION payments should rise to £400 per week, with the Government also urged to fund free residential care, a new petition has argued.