The average cost of a university education in the UK is now the third most expensive in the world after the US and Korea according to the Daily Telegraph. If paying for accomodation, as well as tuition fees and living allowance, a 3 year course could cost in excess of GBP60,000 and looks set to rise in the future. Saving 140 pounds a month would create enough capital to put a 5 year old through uni in 13 years time.
Mark Paine
Meyado
www.meyado.com.sg
Sunday, March 25, 2012
Thursday, March 22, 2012
QROP Review
Contact me for a full explanation of QROPS and a review of your UK pensions to see if it makes sense for you.
Initial Consultation is free of charge and we are happy to work on a fee basis.
Mark Paine
Meyado
www.meyado.com.sg
Initial Consultation is free of charge and we are happy to work on a fee basis.
Mark Paine
Meyado
www.meyado.com.sg
Wednesday, March 21, 2012
UK Budget : Affects on QROPS
The UK government, in its budget announced changes to the rules governing Qualifying Recognised Offshore Pension Schemes (QROPS). One of the major developments is in regards to tax relief benefits, or the Benefits Exemption Test, which seek to unify tax relief of benefits for scheme members of QROP schemes who are non resident in the country where the scheme is established, and those who are. Whilst this change was expected we understand that jurisdictions such as Guernsey and Isle of Man are looking to address the differences.
The other significant development is the introduction of a 10 year reporting obligation for any benefits paid to members, whilst retaining the 5 year rule for payment of benefits to remain within the UK limits (tax free lump sums and GAD draw down for example).
Mark Paine
Meyado
www.meyado.com.sg
The other significant development is the introduction of a 10 year reporting obligation for any benefits paid to members, whilst retaining the 5 year rule for payment of benefits to remain within the UK limits (tax free lump sums and GAD draw down for example).
Mark Paine
Meyado
www.meyado.com.sg
Tuesday, March 20, 2012
New Exam Requirements from the MAS in Singapore
All advisers are now required to pass 5 exams in order to qualify to provide financial advice in Singapore. These exams must also be passed by existing advisers by 30th June 2012.
Additional to the existing M5,M8 and M9 the MAS have now introduced M8a and M9a.
For advisers wishing to advice on health insurance there is also a requirement to pass the HI exam.
All exams are managed by the Singapore College of Insurance (SCI).
More information is available here
www.scicollege.org.sg
www.mas.gov.sg
Mark Paine
Meyado
www.meyado.com.sg
Additional to the existing M5,M8 and M9 the MAS have now introduced M8a and M9a.
For advisers wishing to advice on health insurance there is also a requirement to pass the HI exam.
All exams are managed by the Singapore College of Insurance (SCI).
More information is available here
www.scicollege.org.sg
www.mas.gov.sg
Mark Paine
Meyado
www.meyado.com.sg
Thursday, March 15, 2012
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About Me
- Mark Paine
- I joined Meyado Private Wealth Management as an international financial adviser in 1993. I have lived and worked in the USA, Europe, the Middle East and currently reside in Singapore in South East Asia where I am Managing Director of Meyado Pte. I am a qualified Financial Representative in Singapore under the MAS Financial Advisers Act as well as holding UK FSA CFP and FPC examinations and a BSc in Business and Law from the University of Hertfordshire in the UK. You can contact me at markpaine@meyado.com
