Fiduciaries are persons or organizations that act on behalf of others and are required to put the clients’ interests ahead of their own, with a duty to preserve good faith and trust. Fiduciaries are thus legally and ethically bound to act in the other’s best interests. A fiduciary may be responsible for the general well-being […]

The Automatic Exchange of Information is the United States Foreign Account Tax Compliance Act (FATCA) and the Organisation of Economic Cooperation and Development (OECD) Common Reporting Standards (CRS). AEOI started with the FATCA Act (1st July 2014, while CRS started on 1st January 2016. All Financial Institutions require information from all policyholders, entities and controlling […]

This is one for British expats. Key points What is time apportionment relief? Gains on investment bonds are subject to income tax if the bondholder is UK resident at the time of the chargeable gain. A bondholder who has been non-resident for part of the investment period can claim a reduction to the chargeable gain […]

There are three schemes that frequently use an offshore bond as their investment element. The information below details the differences between these schemes and how they would work for a UK resident scheme member. SIPP A Self Invested Personal Pension (SIPP) is a UK-based pension scheme that can invest in the full range of HM […]

Put simply, a trust is a legal arrangement where property/assets are held by someone, ‘the trustees’, on behalf of someone else, ‘the beneficiaries’, subject to the terms of the trust. Most English Common Law jurisdictions recognize the Trust structure: this includes Zambia. Who are the parties to a trust? Settlor The settlor is the provider […]

When applying for credit, a ‘good’ credit score is an important factor in being accepted. A good credit score should help you to access better borrowing options in future.Credit reference agencies collect information from public records, lenders and other service providers. Each agency has their own rating system. A higher credit score could mean you’re […]

This table very grapahically shows how inflation destroys the value of your money. Investing is to a great extent about beating the sum of inflation + the cost of the investment + the rate of interest you would get by simply keeping the money in the bank.

Key details: The ISA Allowance Each tax year (6 April one year to 5 April the following year) the government sets a limit on the amount you can save in an ISA, currently this limit is £20,000. You can only pay into one cash ISA in any tax year up to the annual limit. Total contributions […]

In the Asian region, there are multiple stock exchanges. As per data from World Federation of Exchanges, below are top 10 selected in 2023: Bombay Stock Exchange, India: - BSE Limited, also known as the Bombay Stock Exchange (BSE) was established in 1875. It is the oldest stock exchange in Asia, and also the tenth […]

In the European region, there are multiple stock exchanges among which five are considered major (as having a market cap of over US$1 trillion): Euronext, which is a Pan-European Dutch-domiciled France-headquartered stock exchange composed of seven market places in Belgium, France, Ireland, the Netherlands, Italy, Norway, and Portugal. London Stock Exchange Group, which is a […]