The Expat Investor Podcast - Ep 20

‍Episode Description

We take a closer look at the UK Budget and what it means for UK Pensions.

‍Transcription

Good morning good afternoon or good evening welcome back to the expat investor podcast as always, I'm Tom Pewtress your host for today's show. Today is our UK budget special. Paul Butler joins me today and later in the show Carla Smart too.

Over the weekend we saw UBS agree to acquire Credit Suisse, closing the deal for $3.25 billion or 0.76 francs per share.
What does abolishing the pensions lifetime allowance (LTA) mean for somebody who has the UK pension then?
What do you think has driven the UK government to make this decision?
The UK government have also made an effort to encourage people to save more into their pensions, what have they done?
What should somebody be doing about these changes on the UK pension if anything?
There was useful confirmation of some changes to capital gains tax in relation to the transfer of assets on the break-up of marriage or civil partnership.

That's it from me this week, a big thanks for joining and as always this podcast is for educational purposes only and is not a personal recommendation. If you’re unsure what’s right for you, you should seek advice. Past performance isn’t a guide to the future, and investments rise and fall in value so you could get back less that you invest.

Any questions about your UK pension contact Carla Smart here

Disclosure

This was recorded on the 23rd March 2023 and all information was correct at the time of recording. As always this podcast is for educational purposes only and is not a personal recommendation. If you’re unsure what’s right for you, you should seek advice. Past performance isn’t a guide to the future, and investments rise and fall in value so you could get back less that you invest.

Written By

Paul Butler

ACSI

Senior Financial Planner

A Dubai resident of 10+ years, Paul Butler is a senior financial adviser at Skybound Wealth who has 30 years’ experience both in the UK and Middle East providing independent, holistic financial planning and advice to enable clients to build a coherent, joined up financial plan that makes sense and empowers clients to achieve the future they desire, while having some fun along the way.

Carla Smart

APFS

Group Head of Pensions & Chartered Financial Planner

Carla has spent the last 15 years helping expatriates to manage their finances effectively, and has been learning, to some extent first hand, of some of the challenges faced when living abroad. In particular, she has extensive knowledge of the interplay between the UK, French and Swiss systems, having lived and worked in each of these countries. Carla has built her reputation as a trustworthy adviser to individuals looking to plan for their futures, and her high level of client retention is a testament to this.

Tom Pewtress

Group Head of Proposition & Head of Skybound Wealth USA

With a career built on delivering the highest standards of financial advice and a passion for developing others to do the same, Tom Pewtress is a senior leader at Skybound Wealth Management. Known for his deep technical expertise and hands-on experience across global markets, Tom ensures both clients and advisers are equipped with the knowledge, tools, and strategies to succeed, no matter how complex the situation.