Understanding your international pension needs
When it comes to pension planning, there can be a myriad of considerations to take into account, particularly if you are an international employee working in the UK.
Importantly, making the most of UK tax breaks doesn’t have to be limited UK pension* plans.
International employees can often enjoy the same benefits by continuing with their existing overseas pension arrangements during their time in the UK.
However, if you remain an active member of a non-UK pension scheme, it’s important to ensure that the contributions and benefits conform to UK requirements and limits if you are to avoid unwanted tax charges.
*pensions can be called different things in different countries but broadly speaking, it is a vehicle to help you and your employer save tax efficiently for your retirement.
Our people, your partners
To help navigate the complexities of your cross-border pension needs, Blick Rothenberg’s award-winning international tax team provides a range of UK and international pension services.
Former Corporate INTL Magazine Cross Border Pensions Adviser of the Year, we bring together a unique combination of high-quality international pension services, expert international tax advice, leading-edge technology and accredited processes and systems.
Explaining to employees
Our international pensions insight spans the following areas:
- Assessment of non-UK pension scheme for UK tax relief
- Claiming UK tax relief on pensions
- Explain to employees how the UK pension system works
- Helping employees to make informed decisions whether to join a UK Pension scheme
- Calculation of optimum employer and employee pension contributions
Making pension contributions can trigger a multitude of complex tax and social security issues for employers and their employees who come from overseas to work in the UK. However, with careful planning, unnecessary complexity can be avoided and, in many cases, contributions can be made tax efficiently.