Down Under Live

14/02/12

Down Under Live Edinburgh – 18 & 19 February 2012

Montfort International are exhibiting at the Down Under Live events. Come and meet our team on Stand 32 at the Edinburgh Show this weekend, where you can find out more about the issues regarding pensions, the changes to QROPS, property, tax and various other financial, tax and currency issues.

We have tickets to give away to the first 50 people who contact us. All you need to do is provide some basic information about yourself and if you are lucky we can arrange free entry to the show for you.Many thanks to John Weir…

Down Under Live

08/02/12

Montfort International will be exhibiting at the upcoming Down Under Live events. Come and meet our team on Stand 20 at the London Show this weekend, where you can find out more about the issues regarding pensions, the changes to QROPS, property, tax and various other financial, tax and currency issues.

We have tickets to give away to the first 50 people who contact us. All you need to do is provide some basic information about yourself and if you are lucky we can arrange free entry to the show for you.

Many thanks to John Weir and the Down Under…

Montfort International is pleased to introduce our newest Advisor: Matthew Denne

19/12/11

Matthew has over 12 years experience in financial planning, having been employed by a global professional and financial services firm in Australia for more than six years prior to relocating to Scotland for the six years since, where he has worked in similar roles.  Residing in Glasgow, Matthew is Montfort International’s advisor covering Scotland and the north of England.  

His qualifications include a Bachelor of Commerce from the University of Queensland, the Advanced Diploma of Financial Services (Financial Planning) in Australia, and the Diploma in Financial Planning through the Chartered Insurance Institute (CII) in the United Kingdom where he has…

HMRC QROPS Proposals For Changes

07/12/11

HM Revenue & Customs have released a detailed proposal for changes to the Qualifying Recognised Overseas Pension Scheme (QROPS) regime. The measure will have effect for QROPS and QROPS transfers actioned on or after 6th April 2012. All changes are subject to the consultation process.

The objective of this measure is to ensure a fairer tax system and to ensure that the QROPS system continues to be used for its intended purpose. There have been reports that QROPS has been subject to misuse.

 Summary of the proposed revisions:

 1)       Secondary legislation will be introduced to revise the conditions that a scheme must…

Retirees could face limits on superannuation withdrawals

08/11/11

Once you reached preservation age (varies for those born pre 1966 but remains at 60 for those above) then you are allowed to withdraw your entire super savings tax free.

With a growing population and many going to Australia to retire, it seems that having more people withdrawing money then money being put in through employment is becoming an issue that may see supers start to limit the amount that can be withdrawn. Hopefully it won’t go into a situation like the UK where you are made to take a 25% pension lump sum with the remaining amount taken as…

FSA Warning over “Cash in my Pension” company

25/10/11

The FSA has warned consumers that they should be aware of a company who claim to pay out “Tax Free Lump Sums” prior to UK regulated ages on pension pay outs.

The FSA have made a clear warning that if you deal with this company and anything goes wrong, you cannot complain to the FSA as they are not a UK regulated company, even though they are only marketing to UK clients.

The full warning can be seen here.

This is not likely to…