What’s happening out there in the international financial markets? How will these changes affect you and your family? What new products are coming on the market? Are they any good? How do existing products really work?  Keep up with my financial advice based blog.

Are you heading for a big tax bill on your pension? If so you need to act fast

Forthcoming changes to the taxation of pension savings could cost you dearly if you are amassing contributions through either a Defined Benefit or a Defined contribution scheme.

We all know people are working longer and retiring later but in contrast the lifetime allowance for pensions is decreasing. These factors contribute to concerns that more and more people will be growing their pension pots in excess of the allowance limit.

But what does this actually mean? Well, savers will pay tax on any excess savings above the Lifetime Allowance Limit (LTA). The rate of tax depends on how savers receive the excess. If it is in the form of a lump sum, then the rate of tax is an eye-watering 55 percent. If it is in the form of a regular pension, the excess is taxed at 25 percent.

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HNWI’s and the Changing Face of Wealth Management

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Dubai Coffee Morning - The Importance of having a Will in the UAE


Hosted by Jessica Cook - Private Client Adviser

Monday, 10th February 2014, 10am, at Arabian Ranches Golf Club

You are invited to join me at Arabian Ranches Golf Club for a short, informative session discussing the importance of having a Will in the UAE and how to ensure your assets and family are protected.

  • Under Sharia law if a husband dies, what share of his total estate in the  UAE would his wife receive?

  • Why do joint accounts in the UAE get frozen if either spouse dies?

  • What happens to children upon the death of a parent and why is there a risk that they will not go into the automatic custody of the Mother?

  • If a married couple own property in joint names, upon the death of either spouse, does the surviving spouse automatically inherit the property?

    During this informal coffee morning I will provide you with the answers to all of these questions and arm you with the knowledge required for effective succession planning in the UAE.

Places are limited and will be given on a first come first served basis. Please RSVP via my details to reserve your place:

Jessica Cook
Tel - +971 (0)50 469 9236  Email - jessica.cook@aesinternational.com 


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The Rising Cost of Education

Parents inevitably want to provide their children with the best education, right the way from nursery and Primary school through to University. We all know that education can prove to be costly but how many parents out there can safely say that their child’s future is secure in that respect?

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The Importance of Having a Will in the UAE

The Importance of a Will in the UAE

 The New Year is often a time when many try to get their finances in order, but if there is one thing that should perhaps come before any bigger financial decisions it should be that of drafting a will.

A Will is quite simply: ‘A document in which a person specifies the method to be applied in the management and distribution of his estate after his death.’

It is a legal instrument that permits a person, the testator, to make decisions on how his estate will be managed and distributed after his death. At English: Common Law, An instrument disposing of Personal Property was called a "testament," whereas a will disposed of real property. Over time the distinction has disappeared so that a will, sometimes called a "last will and testament," disposes of both real and personal property.

Now, you may already have a Will that has been drafted in your country of domicile but if you are a permanent resident of the UAE it is of huge importance to consider having a new legal document drawn up or the old original document attested so that it reflects your wishes.

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