Intelligence Report on Lowtax International Pensions Released

Recently, an Intelligence Report entitled ” The Lowtax International Pensions Report” which explores the mechanics of pensions provision, and both high and low tax country pension regimes has been made available in the Lowtax Library. The introduction from Lowtax Library is below:

Considerations affecting retirement provision

When do you intend to retire?

Where are you going to retire to?

What form and amount of income do you want to have inretirement?

Are you confident of a regular income throughout yourworking life or do you anticipate that your earnings will fluctuateconsiderably?

Are you going to work in the same country for the remainderof your working life or are you going to be in a number of as yet unspecifiedcountries?

Some of these questions can be impossible to answer. Forinstance at the age of 30 one country may appear an idyllic potential finalplace in the sun. However thirty years later your expectations and views maywell have changed, and the country in question may be very different. Fewpeople can have any degree of certainty about the path that their working lifewill take.

Pension Portability

Individuals who work or live in a number of countries arefaced with a more complex situation and one that is continually changing aslegislation and commercial products evolve in response to each other.

Although EU legislation exists covering the transfer ofstate (statutory) pensions within the EU, this is typically difficult toachieve. Transfer between state pension schemes into or out of the EU orbetween other countries is generally not possible.

A new EU directive has been drafted recently that providesfor the preservation and transfer of pension rights within countries in the EUfor occupational pension schemes since these are becoming far more widely usedand in some cases replace state schemes. The details of this Directive are ofcourse subject to change during the approval process. It does not deal with taxor indexation of pension issues.

Section 1: The Mechanics of pension provision

This section looks at the various potential sources ofpension provision. These are taken to be instruments that will provide incometo live on in retirement and some of these are ordinary investment methods withno specific pension association. At the end of this section there is a briefoutline of the options at the time of requirement in terms of how you choose toreceive that income.

Relevant Country Profiles

Section 2: ‘High-Tax’ Country Pension Regimes

This section studies the pensions regime in some of thecountries from which an expatriate may have originated, and with particularreference to the situation of someone who lives or may decide to retire inanother, lower-tax (or just sunnier!) country.

USA Canada UK South Africa Australia

Section 3: ‘Lowtax’ Jurisdictions In Which To Locate Pensions Savings

The section describes the regime for mutual funds, StockExchange investment, the banking sector and the regime for expats/pensioners ina number of the more prominent offshore locations, including in a few cases theregime for specialized pensions instruments.

Bahamas Bermuda British Virgin Islands Cayman Islands Cyprus Dubai

Gibraltar Guernsey Hong Kong Isle of Man Luxembourg