German Pension Plans
24 June, 2011 08:59
German Pension Plans
This article is part of a series describing different pension systems around the world. You will find the other articles already published at the bottom.
History of the German Pension Plan
Otto von Bismarck was a national-liberal statesman of the late 19th century that had the ear of Emperor Wilhelm. He is credited with establishing social insurance, partly which benefited the elderly and sickly. From 1891 it has been possible to obtain an old-age pension if over the age of 70 years old. This was a little dubious as the average life expectancy was 45 years at the time. (More)
UK Pension plans
History of the UK Pension
The first pension schemes in the UK were actually organized for Royal Navy Officers in the 1670s. In 1908, the arrangement was formalized with the creation of the Old Age Pensions Act. Sir William Beveridge, father of the welfare state, was an adviser on the program that provided assistance to the elderly and honored them on January lst, 1909 with "Pensions Day".
Pension Plans for Americans
We are starting a series of articles describing different pension systems around the world.
History of US Pension
Public pensions began as "promises" made to veterans of the Revolutionary War. Those who served were often informally, and sometimes legally, promised financial security after the conflict. These agreements were much more widely used during the Civil War. (More)
New Year, New Taxes
Rome Hotel Tax
Rome has hosted visitors for centuries and no matter the cost, one can expect it will continue to be a favorite of tourists for centuries to come. That doesn't mean a new tax on the city's visitors is appreciated. Along with people gathering around the Piazza del Popolo to ring in 2011, a new tax on tourism arrived as well.
What it is?
From January 1st, all visitors are expected to pay a per-person (over the age of ten), per-night tax on the first ten nights of their stay in Rome. (More)
Tourist Tax in America
Travelers to the USA may be looking forward to saving some money as the value of the dollar has diminished, but they will have to pay a new tourist tax first.
On September 8th, 2010 the new tax will be initiated. The Travel Promotion Act was signed into law by President Obama in March 2010.
It is a $10 fee with a $4 administration fee equalling $14. It will only be collected once every two years. (More)
Pre-nuptial agreements: of any use in England?
The Court of Appeal in England has recently re-made the law concerning the recognition of pre-nuptial agreements in England. So, what does this mean for you as an expatriate who may or may not have a prenuptial agreement in place with your spouse?
In July 2009 one of Germany’s richest women, Katrin Radmacher was awarded victory in her appeal to have her pre-nuptial agreement recognised in the English courts. Her former husband, Nicolas Grantatino had signed a pre-nuptial not to make any claims on her fortune if they split up, however he was awarded £5.85 million for his own use by a High Court Judge in 2008. The Court of Appeal overturned that decision. (More)
Fiduciary & Offshore Factoring with Expert Expat
Fiduciary Factoring is the most effective Tax Planning Solution for optimisation of your income in a tax-free offshore environment.
The main purpose of Fiduciary Factoring - also known as Offshore Factoring - is to expatriate all or part of your income and assets into offshore funds.
Fiduciary Factoring offers attractive advantages as part of your Tax Planning strategy providing benefits that you may have thought inaccessible.
Forget about so-called government tax exemption programmes in real estate and other areas, and consider all of the opportunities allowed by alternative Tax Planning schemes and efficient legal arrangements.
The set up of these kinds of arrangements is quick and absolutely affordable. As a result, you will benefit from retention of 90% of all of your expatriate income and funds, completely tax-free.
With the service provided by ExpertExpat, Financial Planning managers will take care of your offshore wealth and will offer you the best choice of investment programmes.
All operations can be done online with the highest confidentiality, with the website offering a unique area for members to make online operations and follow their settlements, as well as discussing privately with financial planning experts through our private online email system.
Expert Expat in Paris - salon des Micro-entreprises : 6-8 octobre 2009 [Palais des Congrès - Porte maillot]
Our experts will be in Paris at the beginning of October to take part in the exhibition dedicated to entrepreneurs and small-companies. They will be located Stand A22.
If you are in Paris you will be able to get explanation on our unique tax optimisation and our experts will answer directly all your questions. They will have specific offers for the time of the exhibition.
INTERVIEW: Balthazar Tax Advisers, Amsterdam
Balthazar Tax Advisers is a Dutch and international tax consulting firm specialised in advising expats in the Netherlands.
Balthazar Tax Advisers, Amsterdam, The Netherlands
Can you talk about your project?
On our website http://www.netherlandstax.com we have provided a lot of detailed information on tax in the Netherlands. The aim of our website is to help expats in the Netherlands know more about the Netherlands tax system and how they can benefit from it. (More)
Shopping for Divorces
An expatriate often has a choice of where to divorce. You need to make the right choice early, because often it is irreversible – and the jurisdiction that governs your divorce can have significant impacts on your fortunes.
Divorce is not as simple as just ending the marriage. There are generally two main areas of contention in divorces, one relating to sorting out financial arrangements between the couple, the other relating to arrangements for any children of the marriage. In fact many countries require that you also sort out arrangements for children before the divorce is granted. (More)
HSBC: Protecting your wealth in turbulent times
Article sponsored by HSBC
A seminar for foreign nationals in the UK
Investment strategies for volatile times
There are few certainties wherever you look in today's volatile global economy, but HSBC believe that this is the time when you need to think positively about the future.
HSBC invite you to a seminar on "Protecting your wealth in turbulent times". (More)