- published: 19 May 2010
- views: 161
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Will your Pension plan provide a comfortable retirement?
Pension Paradigm mission: Educate all Canadians on recapturing their money power.
Pension Paradigm purpose is to simplify the complex subject of pensions, by helping maximize the benefits of existing pensions, provide wealth creation strategies, create new streams of retirement income, and increase your net worth and move as much income and assets into the Tax Freedom Zone.
www.pensionparadigm.com
Shot and Cut by Colter Ripley and Video in Vancouver
www.videoinvancouver.com
Tax Guru: This week, Tax Guru will discuss the ways in which the finance minister can simplify the tax rules for taxpayers in this year's budget. Our tax guru Subhash Lakhotia will share his views about tax simplification and another tax expert Amitabh Singh will solve the tax queries of viewers as well.
- published: 06 Feb 2016
- views: 949
Lecture presented by Richard Starkey CA (SA)
To sign up for the free preview lecture series, or purchase the full study package for FAC3701 visit http://www.tabaldi.org/classroom/course/view.php?id=189 l and sign up now.
Read for the lecture:
A basic working example video of the calculation of deferred tax balances using the Statement of Financial Position Approach (SOFP), as well as illustrating the effect on the current tax computation and income tax expense which consists of both current tax expense and deferred tax expense.
This illustration does NOT include permanent or reconciling tax items in order to simplify the central understanding of deferred tax as a starting point.
- published: 29 Oct 2012
- views: 84149
Lecture Content
This lecture covers the reporting of income from retirement plans, education accounts and social security income.
Topics Covered
* Overview of Form 5498 IRA Contribution Information
* Discussion of Form 1099R and distributions codes
* Use of Form W4-P Withholding Certificate for Pension or Annuity Payments
* Overview of the different kids of retirement plans taxpayers may participate in
* Using Form 8606, Nondeductible IRAs, to figure the taxable part of a distribution from an IRA
* Traditional IRA to Roth IRA conversions
* Roth IRA to traditional IRA recharacterization
* Inherited IRAs
* Loans from pension and annuity plans
* Additional tax owed on certain early distributions from retirement plans
* Exceptions to additional tax on early distributions from retirement plans
* Additional tax on certain distributions for education accounts
* Additional tax on excess contributions to certain accounts
* Required minimum distributions
* How to complete Form 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts
* Calculating the taxability of annuity income with the Simplified General Rule
* Lump-sum distributions
* How to report partially taxable distributions from IRAs
* Instructions for Social Security Form SSA-1099 Benefits statement, Form RRB-1099 Tier I Railroad Equivalent Benefit statement, and Form RRB-1099R Tier II Railroad Retirement Benefits statement
* Form W-4V social security Voluntary Withholding Request
* How to calculate the taxability of social security income using the social security benefits worksheets
* Taxation methods to apply to lump-sum social security payments
* Special deductions relating to social security benefits income and repayments
Terms of Use or Enrollment
Pacific Northwest Tax School's course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students shall have twelve months from date of enrollment in any continuing education course, to successfully complete the course and receive their Certificate of Completion.
- published: 13 Oct 2015
- views: 1754
Hello, I’m Neil Screaton, owner of Screatons Chartered Accountants.
If you’re self-employed, there are sort of big things for folks in the world of Class 2 National Insurance. Just as a reminder, Class 2 National Insurance is payable from self-employed people with profits above £5,965 per year. It gives entitlement to State Pension and other State benefits and generally speaking at the moment, it is paid by direct debit every month or it is paid bi-annually by invoice.
Now revenue customs are changing and from now on, they’ve sent letters out to all self-employed people to say that the direct directs will be cancelled, Class 2 will not be collected along with income tax and Class 4 National Insurance with the end of year Self Assessment Tax Return.
This will simplify things in a lot of ways because profits will be declared on the tax return and you will then be able to determine from that whether you’re liable for Class 2 or not. So you’re going to have to fill in an Exception Form, as has been the case in previous years. If you are below the limit for paying Class 2, you will still be asked to pay voluntarily.
As a reminder, it is a relatively cheap way to pay your Class 2 National Insurance and to therefore, guarantee your State Pension and other benefits.
There is talk from Revenue Customs that in the future they’re going to eliminate Class 2 National Insurance all together and Class 4 National then will give the entitlement to State Benefits, Pensions, and so forth.
So if you’re self-employed, don’t be concerned if your direct debit gets cancelled or that you don’t receive a bill. All of the liability for 2015-16 will not be due until January 2017, so don’t be concerned if you don’t hear anything from them.
If you think this will affect you, if you’ve got any questions then give us a call at 01827 715264 or e-mail us at info@screatons.co.uk or go to the website: http://www.screatons.co.uk.
Thank you.
- published: 23 May 2015
- views: 335
Part 1 of 2. Financial advisor Ros Altmann on simplifying and saving for a pension. The best advice is to NOT ever start a pension. The money is then yours to put where you like, and the crooked taxman can'tget his hands on it when you want to retire with his crooked taxes and rules limiting payouts.
Happy St.George's Day!
Recorded from BBC Breakfast, 23 April 2013
- published: 23 Apr 2013
- views: 805
Part 2 of 2. Financial advisor Ros Altmann on simplifying and saving for a pension. The best advice is to NOT ever start a pension. The money is then yours to put where you like, and the crooked taxman can'tget his hands on it when you want to retire with his crooked taxes and rules limiting payouts.
Happy St.George's Day!
Recorded from BBC Breakfast, 23 April 2013
- published: 23 Apr 2013
- views: 386
Qrops could be the right pension option for you, To find out
more about your Pension Options call the UK (0044) (0)1905 909 852
What are the benefits of transferring to your pensions fund to a QROPS?
The benefits of transferring your UK pension fund into a QROPS vary according to the scheme itself and the tax regime of the country which hosts it. However, common benefits include the following:
Income Tax treatment
QROPS were introduced in 2006 as part of the government's Pension Simplification initiative. Before that, anyone with a UK pension who wanted to retire abroad had to pay UK tax of 25% when they withdrew the funds. Accordingly, the member's pension pot could be significantly reduced before they even started their retirement.
The QROPS system enables members of UK registered schemes to transfer their pension funds to foreign schemes that have been authorised by the HMRC. The fund is then dealt with under the pension tax regime of the hosting country, so no UK income tax is payable. But investors should be aware that tax may be payable under the host country's tax system. If the investor lives in a separate country from the hosting country, further tax may be payable under that regime. However, these are factors that QROPS advisers take into account when choosing an appropriate scheme on your behalf, and it is often possible for the scheme member to receive their pension tax free.
Inheritance rules
A regular UK pension is liable to inheritance tax on the death of the member. The exact amounts depend on the age the member reached, and what stage of the pension they had already enjoyed (for example, lump sum or annuity).
When a QROPS member dies, not only can the residue of a QROPS be left to the deceased member's family, in some circumstances it will be free from inheritance tax.
Better flexibility regarding investment decisions
UK pension scheme members are growing used to having control over their pension investments, as SIPPs (self invested personal pensions) are becoming more popular. However, some foreign jurisdictions are well versed in giving investors even greater freedom under their pension regimes. So if you transfer you fund into a QROPS, you may find that you have more control over investment decisions than ever before. Of course, this depends on the particular details of the scheme you choose, and the country hosting it.
Ranges of benefits
Whether you need flexibility about investment decisions or not, QROPS offer considerable choice about how to enjoy your pension fund. The UK pension rules oblige members to purchase annuity at the age of 75, or make alternative arrangements. The rules of some QROPS can be more flexible. Some allow you to delay taking an income beyond the age of 75, if that is what you would prefer.
The UK system also controls when members can take lump sums, whereas other jurisdictions can be more relaxed about this issue.
Exchange rate crystallisation
Most UK pensions pay their benefits in sterling. So if you are planning to retire abroad and take your income from your UK fund, not only will you have to pay UK tax on the income, but you will also have to run the risk of exchange rate fluctuations devaluing the amount.
QROPS are normally held in the currency of the country in which they are based, so the member no longer bears the risk of currency fluctuations. The member must, however take advice about when to transfer the fund, and whether it is a good moment from the point of view of exchange rates at that moment.
Other issues to bear in mind
While there are clearly many benefits to transferring your fund into a QROPS, there are some other issues to bear in mind.
The charges levied by QROPS providers can vary enormously, but should be factored in when you are calculating your retirement income. A large QROPS adviser may be able to negotiate a good deal.
Another issue to consider is whether you will lose any benefits as a result of transferring your pension across. There may be disadvantages for those with defined benefits schemes (for example, final salary pensions). Again, a good QROPS adviser can assess an individual's pension and give information about how it will be affected.
Finally, you need to consider whether you will ever return back to the UK. Early retirement can be an active time, when members enjoy relatively good health. However, members may wish to return back to the UK if their health declines, or even just to change their lifestyle. This situation has to be carefully planned, as their transfer out of a QROPS and return to the UK can trigger tax liabilities in some scenarios.
Article Source: http://EzineArticles.com/?expert=Jonathan_Cassidy
- published: 24 Jan 2011
- views: 960
The third season of the military science fiction television series Stargate SG-1 commenced airing on Showtime in the United States on June 25, 1999, concluded on Sky1 in the United Kingdom on March 8, 2000, and contained 22 episodes. The third continues the plot started in season one, the third season follows SG-1 in their fight against the Goa'uld Empire's System Lords, the main being Sokar until "The Devil You Know" and then Apophis after regaining power after the event in "The Devil You Know." The season introduces the long unseen and unnamed enemy of the Asgards, the Replicators who are self-replicating machines that seek to convert all civilizations into more of themselves, thus posing a dire threat to all other beings. The Replicators are first mentioned, but not named, in season three episode "Fair Game".
The one-hour premiere "Into the Fire", which debuted on June 25, 1999 on Showtime did not receive any syndication rating, but overall got a high viewership level. The series was developed by Brad Wright and Jonathan Glassner, who also served as executive producers. Season 3 regular cast members include Richard Dean Anderson, Michael Shanks, Amanda Tapping, Christopher Judge, and Don S. Davis.
This page contains text from Wikipedia, the Free Encyclopedia -
http://en.wikipedia.org/wiki/Stargate_SG-1_(season_3)
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
Pension tax simplification, often simply referred to as "pension simplification" and taking effect from A-day in 6 April 2006 was a policy announced in 2004 by the Labour government to rationalise the British tax system as applied to pension schemes. The aim was to reduce the complicated patchwork of legislation built-up by successive administrations which were seen as acting as a barrier to the public when considering retirement planning. The government wanted to encourage retirement provision by simplifying the previous eight tax regimes into one single regime for all individual and occupational pensions.
Broadly the new regime allows considerable freedom in the tax relievable contributions that may be made to pension schemes, and the assets in which they may be invested. It also however caps the size of tax favoured pension fund that may be accumulated by an individual. This 'lifetime allowance' was set at £1.6M for 2007–08. Funds accumulated in excess of the lifetime allowance are subject to a tax charge of 55%. Transitional protection provisions were made for individuals who had already accumulated pension funds in excess of this amount.
This page contains text from Wikipedia, the Free Encyclopedia -
http://en.wikipedia.org/wiki/Pension_tax_simplification
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
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2:43Pension Paradigm - Simplify the complex subject of pensions
Pension Paradigm - Simplify the complex subject of pensionsPension Paradigm - Simplify the complex subject of pensions
http://www.videoinvancouver.com/ Will your Pension plan provide a comfortable retirement? Pension Paradigm mission: Educate all Canadians on recapturing their money power. Pension Paradigm purpose is to simplify the complex subject of pensions, by helping maximize the benefits of existing pensions, provide wealth creation strategies, create new streams of retirement income, and increase your net worth and move as much income and assets into the Tax Freedom Zone. www.pensionparadigm.com Shot and Cut by Colter Ripley and Video in Vancouver www.videoinvancouver.com -
19:58Tax Guru : Simplify Tax
Tax Guru : Simplify TaxTax Guru : Simplify Tax
Tax Guru: This week, Tax Guru will discuss the ways in which the finance minister can simplify the tax rules for taxpayers in this year's budget. Our tax guru Subhash Lakhotia will share his views about tax simplification and another tax expert Amitabh Singh will solve the tax queries of viewers as well. -
8:20Tolley Seminars Online - Budget 2015 – Personal Tax Issues
Tolley Seminars Online - Budget 2015 – Personal Tax IssuesTolley Seminars Online - Budget 2015 – Personal Tax Issues
Rebecca Benneyworth reviews some of the key points for personal tax from the 2015 Budget. Rebecca's commentary looks at some of the details surrounding personal allowances, P11D simplification, IR35, company car tax, pensions, and payroll benefits. -
23:35IAS 12-Deferred Tax Basic Principles ( IFRS )
IAS 12-Deferred Tax Basic Principles ( IFRS )IAS 12-Deferred Tax Basic Principles ( IFRS )
Lecture presented by Richard Starkey CA (SA) To sign up for the free preview lecture series, or purchase the full study package for FAC3701 visit http://www.tabaldi.org/classroom/course/view.php?id=189 l and sign up now. Read for the lecture: A basic working example video of the calculation of deferred tax balances using the Statement of Financial Position Approach (SOFP), as well as illustrating the effect on the current tax computation and income tax expense which consists of both current tax expense and deferred tax expense. This illustration does NOT include permanent or reconciling tax items in order to simplify the central understanding of deferred tax as a starting point. -
202:06Pension & Social Security Income Reporting
Pension & Social Security Income ReportingPension & Social Security Income Reporting
Lecture Content This lecture covers the reporting of income from retirement plans, education accounts and social security income. Topics Covered * Overview of Form 5498 IRA Contribution Information * Discussion of Form 1099R and distributions codes * Use of Form W4-P Withholding Certificate for Pension or Annuity Payments * Overview of the different kids of retirement plans taxpayers may participate in * Using Form 8606, Nondeductible IRAs, to figure the taxable part of a distribution from an IRA * Traditional IRA to Roth IRA conversions * Roth IRA to traditional IRA recharacterization * Inherited IRAs * Loans from pension and annuity plans * Additional tax owed on certain early distributions from retirement plans * Exceptions to additional tax on early distributions from retirement plans * Additional tax on certain distributions for education accounts * Additional tax on excess contributions to certain accounts * Required minimum distributions * How to complete Form 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts * Calculating the taxability of annuity income with the Simplified General Rule * Lump-sum distributions * How to report partially taxable distributions from IRAs * Instructions for Social Security Form SSA-1099 Benefits statement, Form RRB-1099 Tier I Railroad Equivalent Benefit statement, and Form RRB-1099R Tier II Railroad Retirement Benefits statement * Form W-4V social security Voluntary Withholding Request * How to calculate the taxability of social security income using the social security benefits worksheets * Taxation methods to apply to lump-sum social security payments * Special deductions relating to social security benefits income and repayments Terms of Use or Enrollment Pacific Northwest Tax School's course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students shall have twelve months from date of enrollment in any continuing education course, to successfully complete the course and receive their Certificate of Completion. -
2:39Self Employed Class 2 National Insurance Tax Changes
Self Employed Class 2 National Insurance Tax ChangesSelf Employed Class 2 National Insurance Tax Changes
Hello, I’m Neil Screaton, owner of Screatons Chartered Accountants. If you’re self-employed, there are sort of big things for folks in the world of Class 2 National Insurance. Just as a reminder, Class 2 National Insurance is payable from self-employed people with profits above £5,965 per year. It gives entitlement to State Pension and other State benefits and generally speaking at the moment, it is paid by direct debit every month or it is paid bi-annually by invoice. Now revenue customs are changing and from now on, they’ve sent letters out to all self-employed people to say that the direct directs will be cancelled, Class 2 will not be collected along with income tax and Class 4 National Insurance with the end of year Self Assessment Tax Return. This will simplify things in a lot of ways because profits will be declared on the tax return and you will then be able to determine from that whether you’re liable for Class 2 or not. So you’re going to have to fill in an Exception Form, as has been the case in previous years. If you are below the limit for paying Class 2, you will still be asked to pay voluntarily. As a reminder, it is a relatively cheap way to pay your Class 2 National Insurance and to therefore, guarantee your State Pension and other benefits. There is talk from Revenue Customs that in the future they’re going to eliminate Class 2 National Insurance all together and Class 4 National then will give the entitlement to State Benefits, Pensions, and so forth. So if you’re self-employed, don’t be concerned if your direct debit gets cancelled or that you don’t receive a bill. All of the liability for 2015-16 will not be due until January 2017, so don’t be concerned if you don’t hear anything from them. If you think this will affect you, if you’ve got any questions then give us a call at 01827 715264 or e-mail us at info@screatons.co.uk or go to the website: http://www.screatons.co.uk. Thank you. -
3:14Simplifying Government Part II: Pennsylvania's Pension Crisis
Simplifying Government Part II: Pennsylvania's Pension CrisisSimplifying Government Part II: Pennsylvania's Pension Crisis
-
4:03Ros Altmann on pensions, part1/2 (23Apr13)
Ros Altmann on pensions, part1/2 (23Apr13)Ros Altmann on pensions, part1/2 (23Apr13)
Part 1 of 2. Financial advisor Ros Altmann on simplifying and saving for a pension. The best advice is to NOT ever start a pension. The money is then yours to put where you like, and the crooked taxman can'tget his hands on it when you want to retire with his crooked taxes and rules limiting payouts. Happy St.George's Day! Recorded from BBC Breakfast, 23 April 2013 -
3:15Ros Altmann on pensions, part2/2 (23Apr13)
Ros Altmann on pensions, part2/2 (23Apr13)Ros Altmann on pensions, part2/2 (23Apr13)
Part 2 of 2. Financial advisor Ros Altmann on simplifying and saving for a pension. The best advice is to NOT ever start a pension. The money is then yours to put where you like, and the crooked taxman can'tget his hands on it when you want to retire with his crooked taxes and rules limiting payouts. Happy St.George's Day! Recorded from BBC Breakfast, 23 April 2013 -
1:21qrops
qropsqrops
Qrops could be the right pension option for you, To find out more about your Pension Options call the UK (0044) (0)1905 909 852 What are the benefits of transferring to your pensions fund to a QROPS? The benefits of transferring your UK pension fund into a QROPS vary according to the scheme itself and the tax regime of the country which hosts it. However, common benefits include the following: Income Tax treatment QROPS were introduced in 2006 as part of the government's Pension Simplification initiative. Before that, anyone with a UK pension who wanted to retire abroad had to pay UK tax of 25% when they withdrew the funds. Accordingly, the member's pension pot could be significantly reduced before they even started their retirement. The QROPS system enables members of UK registered schemes to transfer their pension funds to foreign schemes that have been authorised by the HMRC. The fund is then dealt with under the pension tax regime of the hosting country, so no UK income tax is payable. But investors should be aware that tax may be payable under the host country's tax system. If the investor lives in a separate country from the hosting country, further tax may be payable under that regime. However, these are factors that QROPS advisers take into account when choosing an appropriate scheme on your behalf, and it is often possible for the scheme member to receive their pension tax free. Inheritance rules A regular UK pension is liable to inheritance tax on the death of the member. The exact amounts depend on the age the member reached, and what stage of the pension they had already enjoyed (for example, lump sum or annuity). When a QROPS member dies, not only can the residue of a QROPS be left to the deceased member's family, in some circumstances it will be free from inheritance tax. Better flexibility regarding investment decisions UK pension scheme members are growing used to having control over their pension investments, as SIPPs (self invested personal pensions) are becoming more popular. However, some foreign jurisdictions are well versed in giving investors even greater freedom under their pension regimes. So if you transfer you fund into a QROPS, you may find that you have more control over investment decisions than ever before. Of course, this depends on the particular details of the scheme you choose, and the country hosting it. Ranges of benefits Whether you need flexibility about investment decisions or not, QROPS offer considerable choice about how to enjoy your pension fund. The UK pension rules oblige members to purchase annuity at the age of 75, or make alternative arrangements. The rules of some QROPS can be more flexible. Some allow you to delay taking an income beyond the age of 75, if that is what you would prefer. The UK system also controls when members can take lump sums, whereas other jurisdictions can be more relaxed about this issue. Exchange rate crystallisation Most UK pensions pay their benefits in sterling. So if you are planning to retire abroad and take your income from your UK fund, not only will you have to pay UK tax on the income, but you will also have to run the risk of exchange rate fluctuations devaluing the amount. QROPS are normally held in the currency of the country in which they are based, so the member no longer bears the risk of currency fluctuations. The member must, however take advice about when to transfer the fund, and whether it is a good moment from the point of view of exchange rates at that moment. Other issues to bear in mind While there are clearly many benefits to transferring your fund into a QROPS, there are some other issues to bear in mind. The charges levied by QROPS providers can vary enormously, but should be factored in when you are calculating your retirement income. A large QROPS adviser may be able to negotiate a good deal. Another issue to consider is whether you will lose any benefits as a result of transferring your pension across. There may be disadvantages for those with defined benefits schemes (for example, final salary pensions). Again, a good QROPS adviser can assess an individual's pension and give information about how it will be affected. Finally, you need to consider whether you will ever return back to the UK. Early retirement can be an active time, when members enjoy relatively good health. However, members may wish to return back to the UK if their health declines, or even just to change their lifestyle. This situation has to be carefully planned, as their transfer out of a QROPS and return to the UK can trigger tax liabilities in some scenarios. Article Source: http://EzineArticles.com/?expert=Jonathan_Cassidy
- Amanda Tapping
- Ancient (Stargate)
- Andy Mikita
- Apophis (Stargate)
- Appendicitis
- Ascension (Stargate)
- Asgard (Stargate)
- Asuran
- Bill Corcoran
- Bra'tac
- Brad Wright
- Burnaby
- Canada
- Carl Binder
- Carson Beckett
- Charles Kawalsky
- Christopher Judge
- Colonel Maybourne
- Cronus (Stargate)
- Crystal skull
- Dom DeLuise
- Don S. Davis
- DVD region code
- Eli Wallace
- Emmy
- Evan Lorne
- Everett Young
- GateWorld
- Genii (Stargate)
- Goa'uld
- Goa'uld Empire
- Harcesis
- Hathor (Stargate)
- IMDb
- Jack O'Neill
- Jacob Carter
- Jennifer Keller
- Jonas Quinn
- Jonathan Glassner
- Katharyn Powers
- Klorel
- Kull Warrior
- Leo Award
- Lepton
- Martin Wood
- Maya civilization
- Michael Greenburg
- Michael Shanks
- Nicholas Rush
- Nirrti (Stargate)
- Oma Desala
- Ori (Stargate)
- Peter DeLuise
- Peter Woeste
- Radek Zelenka
- Richard Woolsey
- Robert C. Cooper
- Rodney McKay
- Ronon Dex
- Samantha Carter
- Schizophrenia
- Selmak
- Seth (Stargate)
- Sha're
- Skaara
- Sky One
- Sky1
- Sokar (Stargate)
- Stargate
- Stargate (device)
- Stargate (film)
- Stargate Atlantis
- Stargate Continuum
- Stargate fandom
- Stargate games
- Stargate Infinity
- Stargate literature
- Stargate Program
- Stargate Resistance
- Stargate SG-1
- Stargate Universe
- System Lord
- Tamara Johansen
- Teal'c
- Television series
- Template Stargate
- Teyla Emmagan
- Thor (Stargate)
- Tok'ra
- Tollan (Stargate)
- TV.com
- Unas (Stargate)
- United States
- Urgo (Stargate SG-1)
- Vala Mal Doran
- Victoria James
- Wraith (Stargate)
- Yu (Stargate)
- Zat
- Ziggurat
- Aiden Ford
- Amanda Tapping
- Andy Mikita
- Bill Corcoran
- Brad Wright
- Carl Binder
- Carson Beckett
- Christopher Judge
- Dom DeLuise
- Eli Wallace
- Everett Young
- Jonathan Glassner
- Katharyn Powers
- Martin Wood
- Michael Greenburg
- Michael Shanks
- Nicholas Rush
- Peter DeLuise
- Peter Woeste
- Radek Zelenka
- Rodney McKay
- Skaara
- Tamara Johansen
-
Pension Paradigm - Simplify the complex subject of pensions
http://www.videoinvancouver.com/ Will your Pension plan provide a comfortable retirement? Pension Paradigm mission: Educate all Canadians on recapturing their money power. Pension Paradigm purpose is to simplify the complex subject of pensions, by helping maximize the benefits of existing pensions, provide wealth creation strategies, create new streams of retirement income, and increase your net worth and move as much income and assets into the Tax Freedom Zone. www.pensionparadigm.com Shot and Cut by Colter Ripley and Video in Vancouver www.videoinvancouver.com -
Tax Guru : Simplify Tax
Tax Guru: This week, Tax Guru will discuss the ways in which the finance minister can simplify the tax rules for taxpayers in this year's budget. Our tax guru Subhash Lakhotia will share his views about tax simplification and another tax expert Amitabh Singh will solve the tax queries of viewers as well. -
Tolley Seminars Online - Budget 2015 – Personal Tax Issues
Rebecca Benneyworth reviews some of the key points for personal tax from the 2015 Budget. Rebecca's commentary looks at some of the details surrounding personal allowances, P11D simplification, IR35, company car tax, pensions, and payroll benefits. -
IAS 12-Deferred Tax Basic Principles ( IFRS )
Lecture presented by Richard Starkey CA (SA) To sign up for the free preview lecture series, or purchase the full study package for FAC3701 visit http://www.tabaldi.org/classroom/course/view.php?id=189 l and sign up now. Read for the lecture: A basic working example video of the calculation of deferred tax balances using the Statement of Financial Position Approach (SOFP), as well as illustrating the effect on the current tax computation and income tax expense which consists of both current tax expense and deferred tax expense. This illustration does NOT include permanent or reconciling tax items in order to simplify the central understanding of deferred tax as a starting point. -
Pension & Social Security Income Reporting
Lecture Content This lecture covers the reporting of income from retirement plans, education accounts and social security income. Topics Covered * Overview of Form 5498 IRA Contribution Information * Discussion of Form 1099R and distributions codes * Use of Form W4-P Withholding Certificate for Pension or Annuity Payments * Overview of the different kids of retirement plans taxpayers may participate in * Using Form 8606, Nondeductible IRAs, to figure the taxable part of a distribution from an IRA * Traditional IRA to Roth IRA conversions * Roth IRA to traditional IRA recharacterization * Inherited IRAs * Loans from pension and annuity plans * Additional tax owed on certain early distributions from retirement plans * Exceptions to additional tax on early distributions from retirement pla... -
Self Employed Class 2 National Insurance Tax Changes
Hello, I’m Neil Screaton, owner of Screatons Chartered Accountants. If you’re self-employed, there are sort of big things for folks in the world of Class 2 National Insurance. Just as a reminder, Class 2 National Insurance is payable from self-employed people with profits above £5,965 per year. It gives entitlement to State Pension and other State benefits and generally speaking at the moment, it is paid by direct debit every month or it is paid bi-annually by invoice. Now revenue customs are changing and from now on, they’ve sent letters out to all self-employed people to say that the direct directs will be cancelled, Class 2 will not be collected along with income tax and Class 4 National Insurance with the end of year Self Assessment Tax Return. This will simplify things in a lot of... -
Simplifying Government Part II: Pennsylvania's Pension Crisis
-
Ros Altmann on pensions, part1/2 (23Apr13)
Part 1 of 2. Financial advisor Ros Altmann on simplifying and saving for a pension. The best advice is to NOT ever start a pension. The money is then yours to put where you like, and the crooked taxman can'tget his hands on it when you want to retire with his crooked taxes and rules limiting payouts. Happy St.George's Day! Recorded from BBC Breakfast, 23 April 2013 -
Ros Altmann on pensions, part2/2 (23Apr13)
Part 2 of 2. Financial advisor Ros Altmann on simplifying and saving for a pension. The best advice is to NOT ever start a pension. The money is then yours to put where you like, and the crooked taxman can'tget his hands on it when you want to retire with his crooked taxes and rules limiting payouts. Happy St.George's Day! Recorded from BBC Breakfast, 23 April 2013 -
qrops
Qrops could be the right pension option for you, To find out more about your Pension Options call the UK (0044) (0)1905 909 852 What are the benefits of transferring to your pensions fund to a QROPS? The benefits of transferring your UK pension fund into a QROPS vary according to the scheme itself and the tax regime of the country which hosts it. However, common benefits include the following: Income Tax treatment QROPS were introduced in 2006 as part of the government's Pension Simplification initiative. Before that, anyone with a UK pension who wanted to retire abroad had to pay UK tax of 25% when they withdrew the funds. Accordingly, the member's pension pot could be significantly reduced before they even started their retirement. The QROPS system enables members of UK registere...
Pension Paradigm - Simplify the complex subject of pensions
- Order: Reorder
- Duration: 2:43
- Updated: 19 May 2010
- views: 161
http://www.videoinvancouver.com/
Will your Pension plan provide a comfortable retirement?
Pension Paradigm mission: Educate all Canadians on recapturing their...
http://www.videoinvancouver.com/
Will your Pension plan provide a comfortable retirement?
Pension Paradigm mission: Educate all Canadians on recapturing their money power.
Pension Paradigm purpose is to simplify the complex subject of pensions, by helping maximize the benefits of existing pensions, provide wealth creation strategies, create new streams of retirement income, and increase your net worth and move as much income and assets into the Tax Freedom Zone.
www.pensionparadigm.com
Shot and Cut by Colter Ripley and Video in Vancouver
www.videoinvancouver.com
wn.com/Pension Paradigm Simplify The Complex Subject Of Pensions
http://www.videoinvancouver.com/
Will your Pension plan provide a comfortable retirement?
Pension Paradigm mission: Educate all Canadians on recapturing their money power.
Pension Paradigm purpose is to simplify the complex subject of pensions, by helping maximize the benefits of existing pensions, provide wealth creation strategies, create new streams of retirement income, and increase your net worth and move as much income and assets into the Tax Freedom Zone.
www.pensionparadigm.com
Shot and Cut by Colter Ripley and Video in Vancouver
www.videoinvancouver.com
- published: 19 May 2010
- views: 161
Tax Guru : Simplify Tax
- Order: Reorder
- Duration: 19:58
- Updated: 06 Feb 2016
- views: 949
Tax Guru: This week, Tax Guru will discuss the ways in which the finance minister can simplify the tax rules for taxpayers in this year's budget. Our tax guru S...
Tax Guru: This week, Tax Guru will discuss the ways in which the finance minister can simplify the tax rules for taxpayers in this year's budget. Our tax guru Subhash Lakhotia will share his views about tax simplification and another tax expert Amitabh Singh will solve the tax queries of viewers as well.
wn.com/Tax Guru Simplify Tax
Tax Guru: This week, Tax Guru will discuss the ways in which the finance minister can simplify the tax rules for taxpayers in this year's budget. Our tax guru Subhash Lakhotia will share his views about tax simplification and another tax expert Amitabh Singh will solve the tax queries of viewers as well.
- published: 06 Feb 2016
- views: 949
Tolley Seminars Online - Budget 2015 – Personal Tax Issues
- Order: Reorder
- Duration: 8:20
- Updated: 25 Mar 2015
- views: 191
Rebecca Benneyworth reviews some of the key points for personal tax from the 2015 Budget. Rebecca's commentary looks at some of the details surrounding personal...
Rebecca Benneyworth reviews some of the key points for personal tax from the 2015 Budget. Rebecca's commentary looks at some of the details surrounding personal allowances, P11D simplification, IR35, company car tax, pensions, and payroll benefits.
wn.com/Tolley Seminars Online Budget 2015 – Personal Tax Issues
IAS 12-Deferred Tax Basic Principles ( IFRS )
- Order: Reorder
- Duration: 23:35
- Updated: 29 Oct 2012
- views: 84149
Lecture presented by Richard Starkey CA (SA)
To sign up for the free preview lecture series, or purchase the full study package for FAC3701 visit http://www.tab...
Lecture presented by Richard Starkey CA (SA)
To sign up for the free preview lecture series, or purchase the full study package for FAC3701 visit http://www.tabaldi.org/classroom/course/view.php?id=189 l and sign up now.
Read for the lecture:
A basic working example video of the calculation of deferred tax balances using the Statement of Financial Position Approach (SOFP), as well as illustrating the effect on the current tax computation and income tax expense which consists of both current tax expense and deferred tax expense.
This illustration does NOT include permanent or reconciling tax items in order to simplify the central understanding of deferred tax as a starting point.
wn.com/Ias 12 Deferred Tax Basic Principles ( Ifrs )
Lecture presented by Richard Starkey CA (SA)
To sign up for the free preview lecture series, or purchase the full study package for FAC3701 visit http://www.tabaldi.org/classroom/course/view.php?id=189 l and sign up now.
Read for the lecture:
A basic working example video of the calculation of deferred tax balances using the Statement of Financial Position Approach (SOFP), as well as illustrating the effect on the current tax computation and income tax expense which consists of both current tax expense and deferred tax expense.
This illustration does NOT include permanent or reconciling tax items in order to simplify the central understanding of deferred tax as a starting point.
- published: 29 Oct 2012
- views: 84149
Pension & Social Security Income Reporting
- Order: Reorder
- Duration: 202:06
- Updated: 13 Oct 2015
- views: 1754
Lecture Content
This lecture covers the reporting of income from retirement plans, education accounts and social security income.
Topics Covered
* Overview o...
Lecture Content
This lecture covers the reporting of income from retirement plans, education accounts and social security income.
Topics Covered
* Overview of Form 5498 IRA Contribution Information
* Discussion of Form 1099R and distributions codes
* Use of Form W4-P Withholding Certificate for Pension or Annuity Payments
* Overview of the different kids of retirement plans taxpayers may participate in
* Using Form 8606, Nondeductible IRAs, to figure the taxable part of a distribution from an IRA
* Traditional IRA to Roth IRA conversions
* Roth IRA to traditional IRA recharacterization
* Inherited IRAs
* Loans from pension and annuity plans
* Additional tax owed on certain early distributions from retirement plans
* Exceptions to additional tax on early distributions from retirement plans
* Additional tax on certain distributions for education accounts
* Additional tax on excess contributions to certain accounts
* Required minimum distributions
* How to complete Form 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts
* Calculating the taxability of annuity income with the Simplified General Rule
* Lump-sum distributions
* How to report partially taxable distributions from IRAs
* Instructions for Social Security Form SSA-1099 Benefits statement, Form RRB-1099 Tier I Railroad Equivalent Benefit statement, and Form RRB-1099R Tier II Railroad Retirement Benefits statement
* Form W-4V social security Voluntary Withholding Request
* How to calculate the taxability of social security income using the social security benefits worksheets
* Taxation methods to apply to lump-sum social security payments
* Special deductions relating to social security benefits income and repayments
Terms of Use or Enrollment
Pacific Northwest Tax School's course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students shall have twelve months from date of enrollment in any continuing education course, to successfully complete the course and receive their Certificate of Completion.
wn.com/Pension Social Security Income Reporting
Lecture Content
This lecture covers the reporting of income from retirement plans, education accounts and social security income.
Topics Covered
* Overview of Form 5498 IRA Contribution Information
* Discussion of Form 1099R and distributions codes
* Use of Form W4-P Withholding Certificate for Pension or Annuity Payments
* Overview of the different kids of retirement plans taxpayers may participate in
* Using Form 8606, Nondeductible IRAs, to figure the taxable part of a distribution from an IRA
* Traditional IRA to Roth IRA conversions
* Roth IRA to traditional IRA recharacterization
* Inherited IRAs
* Loans from pension and annuity plans
* Additional tax owed on certain early distributions from retirement plans
* Exceptions to additional tax on early distributions from retirement plans
* Additional tax on certain distributions for education accounts
* Additional tax on excess contributions to certain accounts
* Required minimum distributions
* How to complete Form 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts
* Calculating the taxability of annuity income with the Simplified General Rule
* Lump-sum distributions
* How to report partially taxable distributions from IRAs
* Instructions for Social Security Form SSA-1099 Benefits statement, Form RRB-1099 Tier I Railroad Equivalent Benefit statement, and Form RRB-1099R Tier II Railroad Retirement Benefits statement
* Form W-4V social security Voluntary Withholding Request
* How to calculate the taxability of social security income using the social security benefits worksheets
* Taxation methods to apply to lump-sum social security payments
* Special deductions relating to social security benefits income and repayments
Terms of Use or Enrollment
Pacific Northwest Tax School's course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students shall have twelve months from date of enrollment in any continuing education course, to successfully complete the course and receive their Certificate of Completion.
- published: 13 Oct 2015
- views: 1754
Self Employed Class 2 National Insurance Tax Changes
- Order: Reorder
- Duration: 2:39
- Updated: 23 May 2015
- views: 335
Hello, I’m Neil Screaton, owner of Screatons Chartered Accountants.
If you’re self-employed, there are sort of big things for folks in the world of Class 2 Na...
Hello, I’m Neil Screaton, owner of Screatons Chartered Accountants.
If you’re self-employed, there are sort of big things for folks in the world of Class 2 National Insurance. Just as a reminder, Class 2 National Insurance is payable from self-employed people with profits above £5,965 per year. It gives entitlement to State Pension and other State benefits and generally speaking at the moment, it is paid by direct debit every month or it is paid bi-annually by invoice.
Now revenue customs are changing and from now on, they’ve sent letters out to all self-employed people to say that the direct directs will be cancelled, Class 2 will not be collected along with income tax and Class 4 National Insurance with the end of year Self Assessment Tax Return.
This will simplify things in a lot of ways because profits will be declared on the tax return and you will then be able to determine from that whether you’re liable for Class 2 or not. So you’re going to have to fill in an Exception Form, as has been the case in previous years. If you are below the limit for paying Class 2, you will still be asked to pay voluntarily.
As a reminder, it is a relatively cheap way to pay your Class 2 National Insurance and to therefore, guarantee your State Pension and other benefits.
There is talk from Revenue Customs that in the future they’re going to eliminate Class 2 National Insurance all together and Class 4 National then will give the entitlement to State Benefits, Pensions, and so forth.
So if you’re self-employed, don’t be concerned if your direct debit gets cancelled or that you don’t receive a bill. All of the liability for 2015-16 will not be due until January 2017, so don’t be concerned if you don’t hear anything from them.
If you think this will affect you, if you’ve got any questions then give us a call at 01827 715264 or e-mail us at info@screatons.co.uk or go to the website: http://www.screatons.co.uk.
Thank you.
wn.com/Self Employed Class 2 National Insurance Tax Changes
Hello, I’m Neil Screaton, owner of Screatons Chartered Accountants.
If you’re self-employed, there are sort of big things for folks in the world of Class 2 National Insurance. Just as a reminder, Class 2 National Insurance is payable from self-employed people with profits above £5,965 per year. It gives entitlement to State Pension and other State benefits and generally speaking at the moment, it is paid by direct debit every month or it is paid bi-annually by invoice.
Now revenue customs are changing and from now on, they’ve sent letters out to all self-employed people to say that the direct directs will be cancelled, Class 2 will not be collected along with income tax and Class 4 National Insurance with the end of year Self Assessment Tax Return.
This will simplify things in a lot of ways because profits will be declared on the tax return and you will then be able to determine from that whether you’re liable for Class 2 or not. So you’re going to have to fill in an Exception Form, as has been the case in previous years. If you are below the limit for paying Class 2, you will still be asked to pay voluntarily.
As a reminder, it is a relatively cheap way to pay your Class 2 National Insurance and to therefore, guarantee your State Pension and other benefits.
There is talk from Revenue Customs that in the future they’re going to eliminate Class 2 National Insurance all together and Class 4 National then will give the entitlement to State Benefits, Pensions, and so forth.
So if you’re self-employed, don’t be concerned if your direct debit gets cancelled or that you don’t receive a bill. All of the liability for 2015-16 will not be due until January 2017, so don’t be concerned if you don’t hear anything from them.
If you think this will affect you, if you’ve got any questions then give us a call at 01827 715264 or e-mail us at info@screatons.co.uk or go to the website: http://www.screatons.co.uk.
Thank you.
- published: 23 May 2015
- views: 335
Simplifying Government Part II: Pennsylvania's Pension Crisis
- Order: Reorder
- Duration: 3:14
- Updated: 25 Mar 2013
- views: 2022
- published: 25 Mar 2013
- views: 2022
Ros Altmann on pensions, part1/2 (23Apr13)
- Order: Reorder
- Duration: 4:03
- Updated: 23 Apr 2013
- views: 805
Part 1 of 2. Financial advisor Ros Altmann on simplifying and saving for a pension. The best advice is to NOT ever start a pension. The money is then yours to p...
Part 1 of 2. Financial advisor Ros Altmann on simplifying and saving for a pension. The best advice is to NOT ever start a pension. The money is then yours to put where you like, and the crooked taxman can'tget his hands on it when you want to retire with his crooked taxes and rules limiting payouts.
Happy St.George's Day!
Recorded from BBC Breakfast, 23 April 2013
wn.com/Ros Altmann On Pensions, Part1 2 (23Apr13)
Part 1 of 2. Financial advisor Ros Altmann on simplifying and saving for a pension. The best advice is to NOT ever start a pension. The money is then yours to put where you like, and the crooked taxman can'tget his hands on it when you want to retire with his crooked taxes and rules limiting payouts.
Happy St.George's Day!
Recorded from BBC Breakfast, 23 April 2013
- published: 23 Apr 2013
- views: 805
Ros Altmann on pensions, part2/2 (23Apr13)
- Order: Reorder
- Duration: 3:15
- Updated: 23 Apr 2013
- views: 386
Part 2 of 2. Financial advisor Ros Altmann on simplifying and saving for a pension. The best advice is to NOT ever start a pension. The money is then yours to p...
Part 2 of 2. Financial advisor Ros Altmann on simplifying and saving for a pension. The best advice is to NOT ever start a pension. The money is then yours to put where you like, and the crooked taxman can'tget his hands on it when you want to retire with his crooked taxes and rules limiting payouts.
Happy St.George's Day!
Recorded from BBC Breakfast, 23 April 2013
wn.com/Ros Altmann On Pensions, Part2 2 (23Apr13)
Part 2 of 2. Financial advisor Ros Altmann on simplifying and saving for a pension. The best advice is to NOT ever start a pension. The money is then yours to put where you like, and the crooked taxman can'tget his hands on it when you want to retire with his crooked taxes and rules limiting payouts.
Happy St.George's Day!
Recorded from BBC Breakfast, 23 April 2013
- published: 23 Apr 2013
- views: 386
qrops
- Order: Reorder
- Duration: 1:21
- Updated: 24 Jan 2011
- views: 960
Qrops could be the right pension option for you, To find out
more about your Pension Options call the UK (0044) (0)1905 909 852
What are the benefits of tra...
Qrops could be the right pension option for you, To find out
more about your Pension Options call the UK (0044) (0)1905 909 852
What are the benefits of transferring to your pensions fund to a QROPS?
The benefits of transferring your UK pension fund into a QROPS vary according to the scheme itself and the tax regime of the country which hosts it. However, common benefits include the following:
Income Tax treatment
QROPS were introduced in 2006 as part of the government's Pension Simplification initiative. Before that, anyone with a UK pension who wanted to retire abroad had to pay UK tax of 25% when they withdrew the funds. Accordingly, the member's pension pot could be significantly reduced before they even started their retirement.
The QROPS system enables members of UK registered schemes to transfer their pension funds to foreign schemes that have been authorised by the HMRC. The fund is then dealt with under the pension tax regime of the hosting country, so no UK income tax is payable. But investors should be aware that tax may be payable under the host country's tax system. If the investor lives in a separate country from the hosting country, further tax may be payable under that regime. However, these are factors that QROPS advisers take into account when choosing an appropriate scheme on your behalf, and it is often possible for the scheme member to receive their pension tax free.
Inheritance rules
A regular UK pension is liable to inheritance tax on the death of the member. The exact amounts depend on the age the member reached, and what stage of the pension they had already enjoyed (for example, lump sum or annuity).
When a QROPS member dies, not only can the residue of a QROPS be left to the deceased member's family, in some circumstances it will be free from inheritance tax.
Better flexibility regarding investment decisions
UK pension scheme members are growing used to having control over their pension investments, as SIPPs (self invested personal pensions) are becoming more popular. However, some foreign jurisdictions are well versed in giving investors even greater freedom under their pension regimes. So if you transfer you fund into a QROPS, you may find that you have more control over investment decisions than ever before. Of course, this depends on the particular details of the scheme you choose, and the country hosting it.
Ranges of benefits
Whether you need flexibility about investment decisions or not, QROPS offer considerable choice about how to enjoy your pension fund. The UK pension rules oblige members to purchase annuity at the age of 75, or make alternative arrangements. The rules of some QROPS can be more flexible. Some allow you to delay taking an income beyond the age of 75, if that is what you would prefer.
The UK system also controls when members can take lump sums, whereas other jurisdictions can be more relaxed about this issue.
Exchange rate crystallisation
Most UK pensions pay their benefits in sterling. So if you are planning to retire abroad and take your income from your UK fund, not only will you have to pay UK tax on the income, but you will also have to run the risk of exchange rate fluctuations devaluing the amount.
QROPS are normally held in the currency of the country in which they are based, so the member no longer bears the risk of currency fluctuations. The member must, however take advice about when to transfer the fund, and whether it is a good moment from the point of view of exchange rates at that moment.
Other issues to bear in mind
While there are clearly many benefits to transferring your fund into a QROPS, there are some other issues to bear in mind.
The charges levied by QROPS providers can vary enormously, but should be factored in when you are calculating your retirement income. A large QROPS adviser may be able to negotiate a good deal.
Another issue to consider is whether you will lose any benefits as a result of transferring your pension across. There may be disadvantages for those with defined benefits schemes (for example, final salary pensions). Again, a good QROPS adviser can assess an individual's pension and give information about how it will be affected.
Finally, you need to consider whether you will ever return back to the UK. Early retirement can be an active time, when members enjoy relatively good health. However, members may wish to return back to the UK if their health declines, or even just to change their lifestyle. This situation has to be carefully planned, as their transfer out of a QROPS and return to the UK can trigger tax liabilities in some scenarios.
Article Source: http://EzineArticles.com/?expert=Jonathan_Cassidy
wn.com/Qrops
Qrops could be the right pension option for you, To find out
more about your Pension Options call the UK (0044) (0)1905 909 852
What are the benefits of transferring to your pensions fund to a QROPS?
The benefits of transferring your UK pension fund into a QROPS vary according to the scheme itself and the tax regime of the country which hosts it. However, common benefits include the following:
Income Tax treatment
QROPS were introduced in 2006 as part of the government's Pension Simplification initiative. Before that, anyone with a UK pension who wanted to retire abroad had to pay UK tax of 25% when they withdrew the funds. Accordingly, the member's pension pot could be significantly reduced before they even started their retirement.
The QROPS system enables members of UK registered schemes to transfer their pension funds to foreign schemes that have been authorised by the HMRC. The fund is then dealt with under the pension tax regime of the hosting country, so no UK income tax is payable. But investors should be aware that tax may be payable under the host country's tax system. If the investor lives in a separate country from the hosting country, further tax may be payable under that regime. However, these are factors that QROPS advisers take into account when choosing an appropriate scheme on your behalf, and it is often possible for the scheme member to receive their pension tax free.
Inheritance rules
A regular UK pension is liable to inheritance tax on the death of the member. The exact amounts depend on the age the member reached, and what stage of the pension they had already enjoyed (for example, lump sum or annuity).
When a QROPS member dies, not only can the residue of a QROPS be left to the deceased member's family, in some circumstances it will be free from inheritance tax.
Better flexibility regarding investment decisions
UK pension scheme members are growing used to having control over their pension investments, as SIPPs (self invested personal pensions) are becoming more popular. However, some foreign jurisdictions are well versed in giving investors even greater freedom under their pension regimes. So if you transfer you fund into a QROPS, you may find that you have more control over investment decisions than ever before. Of course, this depends on the particular details of the scheme you choose, and the country hosting it.
Ranges of benefits
Whether you need flexibility about investment decisions or not, QROPS offer considerable choice about how to enjoy your pension fund. The UK pension rules oblige members to purchase annuity at the age of 75, or make alternative arrangements. The rules of some QROPS can be more flexible. Some allow you to delay taking an income beyond the age of 75, if that is what you would prefer.
The UK system also controls when members can take lump sums, whereas other jurisdictions can be more relaxed about this issue.
Exchange rate crystallisation
Most UK pensions pay their benefits in sterling. So if you are planning to retire abroad and take your income from your UK fund, not only will you have to pay UK tax on the income, but you will also have to run the risk of exchange rate fluctuations devaluing the amount.
QROPS are normally held in the currency of the country in which they are based, so the member no longer bears the risk of currency fluctuations. The member must, however take advice about when to transfer the fund, and whether it is a good moment from the point of view of exchange rates at that moment.
Other issues to bear in mind
While there are clearly many benefits to transferring your fund into a QROPS, there are some other issues to bear in mind.
The charges levied by QROPS providers can vary enormously, but should be factored in when you are calculating your retirement income. A large QROPS adviser may be able to negotiate a good deal.
Another issue to consider is whether you will lose any benefits as a result of transferring your pension across. There may be disadvantages for those with defined benefits schemes (for example, final salary pensions). Again, a good QROPS adviser can assess an individual's pension and give information about how it will be affected.
Finally, you need to consider whether you will ever return back to the UK. Early retirement can be an active time, when members enjoy relatively good health. However, members may wish to return back to the UK if their health declines, or even just to change their lifestyle. This situation has to be carefully planned, as their transfer out of a QROPS and return to the UK can trigger tax liabilities in some scenarios.
Article Source: http://EzineArticles.com/?expert=Jonathan_Cassidy
- published: 24 Jan 2011
- views: 960
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2:43
Pension Paradigm - Simplify the complex subject of pensions
http://www.videoinvancouver.com/
Will your Pension plan provide a comfortable retirement? ...
published: 19 May 2010
Pension Paradigm - Simplify the complex subject of pensions
Pension Paradigm - Simplify the complex subject of pensions
- Report rights infringement
- published: 19 May 2010
- views: 161
19:58
Tax Guru : Simplify Tax
Tax Guru: This week, Tax Guru will discuss the ways in which the finance minister can simp...
published: 06 Feb 2016
Tax Guru : Simplify Tax
Tax Guru : Simplify Tax
- Report rights infringement
- published: 06 Feb 2016
- views: 949
8:20
Tolley Seminars Online - Budget 2015 – Personal Tax Issues
Rebecca Benneyworth reviews some of the key points for personal tax from the 2015 Budget. ...
published: 25 Mar 2015
Tolley Seminars Online - Budget 2015 – Personal Tax Issues
Tolley Seminars Online - Budget 2015 – Personal Tax Issues
- Report rights infringement
- published: 25 Mar 2015
- views: 191
23:35
IAS 12-Deferred Tax Basic Principles ( IFRS )
Lecture presented by Richard Starkey CA (SA)
To sign up for the free preview lecture serie...
published: 29 Oct 2012
IAS 12-Deferred Tax Basic Principles ( IFRS )
IAS 12-Deferred Tax Basic Principles ( IFRS )
- Report rights infringement
- published: 29 Oct 2012
- views: 84149
202:06
Pension & Social Security Income Reporting
Lecture Content
This lecture covers the reporting of income from retirement plans, educat...
published: 13 Oct 2015
Pension & Social Security Income Reporting
Pension & Social Security Income Reporting
- Report rights infringement
- published: 13 Oct 2015
- views: 1754
2:39
Self Employed Class 2 National Insurance Tax Changes
Hello, I’m Neil Screaton, owner of Screatons Chartered Accountants.
If you’re self-emplo...
published: 23 May 2015
Self Employed Class 2 National Insurance Tax Changes
Self Employed Class 2 National Insurance Tax Changes
- Report rights infringement
- published: 23 May 2015
- views: 335
3:14
Simplifying Government Part II: Pennsylvania's Pension Crisis
published: 25 Mar 2013
Simplifying Government Part II: Pennsylvania's Pension Crisis
Simplifying Government Part II: Pennsylvania's Pension Crisis
- Report rights infringement
- published: 25 Mar 2013
- views: 2022
4:03
Ros Altmann on pensions, part1/2 (23Apr13)
Part 1 of 2. Financial advisor Ros Altmann on simplifying and saving for a pension. The be...
published: 23 Apr 2013
Ros Altmann on pensions, part1/2 (23Apr13)
Ros Altmann on pensions, part1/2 (23Apr13)
- Report rights infringement
- published: 23 Apr 2013
- views: 805
3:15
Ros Altmann on pensions, part2/2 (23Apr13)
Part 2 of 2. Financial advisor Ros Altmann on simplifying and saving for a pension. The be...
published: 23 Apr 2013
Ros Altmann on pensions, part2/2 (23Apr13)
Ros Altmann on pensions, part2/2 (23Apr13)
- Report rights infringement
- published: 23 Apr 2013
- views: 386
1:21
qrops
Qrops could be the right pension option for you, To find out
more about your Pension Opti...
published: 24 Jan 2011
qrops
qrops
- Report rights infringement
- published: 24 Jan 2011
- views: 960
Pension Paradigm - Simplify the complex subject of...
Tax Guru : Simplify Tax...
Tolley Seminars Online - Budget 2015 – Personal Ta...
IAS 12-Deferred Tax Basic Principles ( IFRS )...
Pension & Social Security Income Reporting...
Self Employed Class 2 National Insurance Tax Chang...
Simplifying Government Part II: Pennsylvania's Pen...
Ros Altmann on pensions, part1/2 (23Apr13)...
Ros Altmann on pensions, part2/2 (23Apr13)...
qrops...
-
Lyrics list:lyrics
-
Forever In A Day
-
Forever In A Day
-
Forever In A Day
-
Forever In A Day
-
Forever In A Day
-
Forever In A Day
Forever In A Day
If only the wind could take away these feelings
Why did you leave and take my life with you
Your last words are stuck inside my mind
And i'm left here with nothing but pain
Take me, abuse me, refuse me
I will stay, i won't run away
Take me, abuse me, refuse me
I will stay, forever in this day
Why do my words no longer mean the same
Why can't my tears be kissed by you again
You promissed that you would always stay right here
But you lied and it's only me now
Take me, abuse me, refuse me
I will stay, i wont run away
Take me, abuse me, refuse me
I will stay, surprised
For the rest of...
For the rest of my life...
This place, has your face
The wind sounds, like your voice
This sun, has the shine
Of your beautiful blue eyes
If only i could bring the shine again
If only i...
I wish i was someone ohh...
So i, could be with you
Take me, abuse me, refuse me
I will stay, i wont run away
Take me, abuse me, refuse me
I will stay... forever in this day (stay)
Forever in this day (stay)
photo: NASA / JPL-Caltech/MSSS
NASA Curiosity rover discovers unexpected mineral on Mars
Edit Deccan Chronicle 26 Jun 2016
NASA's Curiosity rover has discovered an unexpected mineral in a rock sample on Mars, a finding that suggests the red planet hosted explosive volcanoes during its evolution ... In July last year, on Sol 1060 (the number of Martian days since landing), the rover collected powder drilled from rock at a location named “Buckskin.”....
photo: Via YouTube
Singapore Airlines flight SQ368 catches fire during emergency landing; passengers safe
Edit DNA India 27 Jun 2016
About two hours into the flight, the pilot announced about the problem in the engine which led the flight to turn back to Singapore, Channel News Asia reported ... The plane landed in ......
photo: RB PHOTO
Brexit: France and Germany 'in agreement' over UK's EU exit
Edit BBC News 27 Jun 2016
German Chancellor Angela Merkel and French President Francois Hollande have said they are in "full agreement" on how to handle the fallout from the UK's decision to leave the European Union ... The two will hold talks later in Berlin amid a flurry of diplomatic activity in the wake of so-called "Brexit". The pound fell further in early trading in Asia on Monday as markets reacted ... In other developments.....
photo: US DoS
Europe to push for quickie British divorce as Kerry flies in
Edit The Times of India 27 Jun 2016
Germany's powerful Chancellor Angela Merkel will host the leaders of France, Italy and the European Union in Berlin on Monday amid fears Britain's vote to leave will create a domino effect in eurosceptic member states ... The British premier is to be left out in the cold on the second day of the summit on Wednesday when the other 27 EU leaders meet without him....
photo: UN / Eskinder Debebe
Yemen clashes intensify as Ban Ki-moon pushes peace in Kuwait
Edit The National 26 Jun 2016
UN sponsored talks between the Iran-backed Houthi rebels and the internationally recognised government of President Abdrabu Mansur Hadi have failed to achieve a breakthrough since starting in Kuwait on April 21 ... But the clashes raged on Sunday, with the rebels pressing ahead with attempts to advance towards the Al Anad airbase, in the southern province of Lahj, a military official said....
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Police take further steps to counter burglary (New Zealand Police)
Edit Public Technologies 27 Jun 2016
Police is taking further steps to address the recent increase in burglary offending ... 'As Police, we come to work each day to help ensure that people are safe, and feel safe in their communities. That's why Police has taken a number of steps to help prevent and resolve dwelling burglary in our communities.' ... A national-level expectation that all house break-ins will be attended by police staff....
Megyn Kelly bashes CNN over Corey Lewandowski hire, Trump's ex-campaign manager
Edit The Examiner 27 Jun 2016
... former campaign manager just two days after Trump let him go....
Graduating students of IITKanpur turn nostalgic on the eve of convocation ceremony
Edit The Times of India 27 Jun 2016
The students were jubilant and charged up for receiving the degrees for which they took part in the rehearsals on Sunday evening in the main auditorium of the institute ... We will miss IIT-Kanpur forever in our lives." ... The girl gang said that they have decided to stay in contact forever in their lives and that they would be coming to party during Antaragni scheduled to be held in the month of October this year....
SAFE supported with extra funds (City of Karratha)
Edit Public Technologies 27 Jun 2016
'We know our residents love their pets but inevitably dogs are handed in to SAFE both by families who can't look after them any more and by our rangers, Cr Lally said ... forever homes ... 'This increase in funding recognises the important work that the volunteers of SAFE perform for our community....
Euro 2016 - Italy v Spain
Edit Skiddle 27 Jun 2016
Bierschenke in London ... Watch the Euro's 2016 live on large HD screens in the City of London ... You don't even have to plan ahead because there will be plenty of space for walk-ins with most of the tables available on a first come, first served basis ... The World Cup in 2014 started just a week after we ......
Euro 2016 - England v Iceland
Edit Skiddle 27 Jun 2016
Bierschenke in London ... Watch the Euro's 2016 live on large HD screens in the City of London ... You don't even have to plan ahead because there will be plenty of space for walk-ins with most of the tables available on a first come, first served basis ... The World Cup in 2014 started just a week after we opened ......
Panchkula Councillor’s brother attacked, hunt on for 5
Edit Indian Express 27 Jun 2016
In the complaint submitted to the police, he said that when he reached near the Sector 8 inner market, an Etios car stopped near him and four persons got out of the car ... Run-ins with the law ... In November, 2014, sanitation workers had staged protests outside the MC office for several days, demanding action against him, after he allegedly used casteist remarks at the then Executive Officer Suresh Kumar....
Police backtrack on social media ban threat
Edit Modern Ghana 27 Jun 2016
Following intense pressure from the public, the Ghana Police Service has stated that it will not shutdown social media services in the country on election day ... “At one stage I said that if it becomes critical on the eve and also on the election day, we shall block all social media as other countries have done....
Democrats political stunt or kids antic?
Edit The Examiner 27 Jun 2016
House of Representatives floor of sitting around doing nothing how should it be viewed? This is the sort of thing one might see in Junior High or High School certainly not from our highly paid representatives ... like the one in Orlando. In 2009 Rep. Joe Wilson was severely reprimanded for breaking the rules of conduct-why aren't these sit-ins?....
Walk-Ins Encouraged at Today's #OrlandoUnited Blood Drive (University of Central Florida)
Edit Public Technologies 27 Jun 2016
Although more than 250 appointments are booked, OneBlood's Big Red Buses will have plenty of room for walk-ins on Monday. Enter the stadium via North Orion Boulevard, and the check-in area for blood donations will be at the Recruiting Lounge ... Korbyn has leukemia, and he is in need of a bone marrow transplant ... will be in attendance....
Broad Street Blues Fest in Griffith, Ind. on fourth of July weekend
Edit The Examiner 27 Jun 2016
This is a 2-day, 12 band event ... It will be held in Central Park located at 600 N ... Maloney’s in Merrillville, Ind. in the Star Plaza ... He had a hit in the early ‘70s in England called ‘I Really Love You’. He has appeared at Chicago Bulls games in the ‘90s and can be found playing the Chicago blues clubs these days ... Jimmy was a 16 year old guitar prodigy who has played all the usual blues clubs in Chicago....
Prince Will Be Honored With Special Tribute At BET Awards
Edit Inquisitr 27 Jun 2016
Apparently BET thought his performance was ok enough to join in with their highly anticipated tribute. In turn, Madonna responded to BET’s criticism of her performance with an impassioned statement ... She is not expected to perform, nor be in attendance at the BET Awards Show ... They are forever embedded in all of us, and I think we’re going to have a wonderful time.” ... Prince in heaven....
Why ‘Justice League’ Might Flop, Despite Being ‘Fun’ [OPINION]
Edit Inquisitr 27 Jun 2016
For the past few days, I’ve been hearing about YouTube vloggers and popular news blogs getting to go on the set of the new Justice League movie and learn all sorts of information about the direction of the film ... Over and over again, I hear promises that Justice League is going to be entirely different in theme from Batman V Superman ... In its place is an enjoyable, fun movie!....
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