Changes to Royalty Payments in 2019 [Vlog]
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Brexit Negotiations
UK Guarantees to EU Expats
Cyprus immigration
German Duel Citizenship
There was a 30% fall in the GBPvEuro exchange rate after the UK Referendum in 2016 - Will Sterling GBP strengthen and recover with certainty after Brexit day? 29/3/2019.
For UK Expats in Cyprus, Pension tax could rise from 5% to over 40%.
The pensions affected are any paid for from government funds, including all civil service, local authority, NHS, military and any other body where the pension funds come from government funds.
You can keep your tax under the old rules but must act now by electing to stick with the old DT. The election is a concession for 5 years to use the old DT rules, as opposed to the new rules.
If you elect for the 'old rules' you in practice will pay the same tax arrangements as for 2018 and before.
You should complete and submit the letter to elect to use the old rules from the Double Taxation ('DT') 1974.
Free Down Load - Pension Election Letter - https://bit.ly/2t6wbTx
This guarantees the Right of EU Expats to remain in the UK for their lifetime after EU Brexit - with a withdrawal treaty or with no deal.
EU expats must only be in the UK by 29/3/19 to enter this scheme.
Expats with Public Service Pensions will now be taxed by their home government on this income - even if Living and Working Abroad in Cyprus or UK.
This affects UK pensions paid to Expats in Cyprus and Cyprus Expats Living in UK with Cyprus Pensions.
To Stop automatic changes to your pension you must take action now.
After a tumultuous day in the UK Parliament Theresa May was struck down with another rejection of her EU Brexit Withdrawal Treaty.
Read ProACT Sam’s take on ‘Deal or No Deal’ EU Brexit for Expats.