fbpixel

What does the UK Budget 2018 mean for expats

Published on: 11/05/18 11:21:am

After the raid on offshore pensions that was unveiled in 2017, UK expats around the world were apprehensive about the autumn budget this year.


As fellow expats, we know just how easy it is to develop an “out of sight, out of mind” approach to most things that happen back home, that's why we have put together a 'quick look' guide to the UK's Budget 2018 to provide you with all of the facts and figures you need.

So, what does this really mean for expats?

The chancellor of the exchequer, Philip Hammond, has spared the annual allowance on pensions despite HM Treasury briefings ahead of budget, so is it time to look at your pension before it's too late.

"Today’s respite for pension tax relief is likely to be only temporary.”

Download our FREE e-guide to the Budget 2018 now to find out:

  • All the key announcements
  • Pension Lifetime Allowance
  • Stamp Duty
  • Income Tax thresholds
  • Coffee cup tax
  • International tax enforcement
  • The UK border experience

Steve Webb, director of Policy at Royal London and a former pension minister in the coalition government, agreed: “The chancellor’s windfall from better-than-expected borrowing forecasts meant that he did not have to cut back pension tax relief in this budget.

“But having described the system as ‘eye-wateringly expensive’, it is likely to be only a matter of time before this chancellor – or his successor – comes back for more. Today’s respite for pension tax relief is likely to be only temporary.”

International Adviser

Download our FREE UK Budget 2018 e-guide to discover the facts behind the headlines




GWM Corner logo

The Importance of obtaining professional advice

Such an important decision should never be taken without receiving sound advice that considers all options and eventualities.

Share this post

Get the facts! Download your FREE UK budget 2018 E-guide NOW

 

© 2017 Guardian Wealth Management