A seminar on UK pensions is to take place on May the 10th at 2pm at the H10 Hotel in Nueva Andalucia, and the following day on the 11th in Nerja at the Cultural Centre at 11am.

The New Finance Act 2011 has brought more changes to the pension sector; the most notable change is rise on death duty from 35% to 55%. This will come into effect from April this year.

Not many ex-pats are aware of “their rights” when it comes to pensions, whether it be a personal or company scheme that is currently still in the UK.

After a change of legislation within the pension sector, all UK ex pats have now the opportunity to move their pensions from the UK to the EU, where all UK tax implications could cease.
This means that an ex-pat living in Spain may have their pension paid to them gross and they even have the choice of their preferred currency, either sterling or euro.

If you still have your pension in the UK, in the event of death, your next of kin will have to pay minimum 35% death duty on your fund before their options commence. As from April this year (2011) this will now increase to 55%.

The seminar on UK pensions includes information on:

* State pensions –  benefits in Spain.
* How the Finance Act of 2001 will affect you.
* How to make the most when transferring your funds.

The above topics will be presented by Peter Davis, an Independent Pension’s Actuary from the UK. These services have been welcomed in Spain for over 10 years, with offices in Alicante, Marbella, Gibraltar, France, Portugal and UK and are regulated by the FSA in the UK and FSC in Gibraltar, thus giving their clients valuable protection.

For more information on the UK pensions seminar or to reserve your place, please contact the Head Office on: +34 952 816 443 / +34 650 397 314 or by email: ally.kerr@blacktowerfm.com.