SIPP | Ross Naylor

UK Pension Tax For Expats: How An NT Tax Code Can Help Avoid Double Taxation

If you live overseas and receive income from a UK pension, an NT tax code could help prevent unnecessary UK tax deductions. This guide explains how NT codes work, who qualifies, how to apply, and the common mistakes British expats should avoid when drawing pension income abroad.

How are defined benefit pension transfer values calculated?

In the past decade, huge numbers of people have transferred their final salary/defined benefit pensions to a SIPP or QROPS as Cash Equivalent Transfer Values have soared. However, since the start of 2022, these valuations have started to fall back and I have had numerous enquiries from people wanting to know why their pension transfer value has dropped. In this post, we will look at the nuts and bolts of how a defined benefit pension cash transfer value is calculated.