I am very confused by all the following and would greatly appreciate any help or experience on all the competing factors:
1. we have bought outright a home in Israel and it will be ready in about a year when we shall emigrate
2. our current personal UK residence should produce a substantial sum which will be free for investment
3. our small investment ppties in UK produce about 6% net
4. my wife has an HMRC pension of 11K, we each have UK pensions together of 13K, and I have a small 2K Teachers Pension.
And I believe that
5. immigrants have a ten year Israeli tax free period only on earnings from abroad
6. during that time however the UK does tax all income from UK and from abroad so it is basically useless for that period.
7. UK taxes CGT from UK so that is also useless however if one is resident abroad and has no residence in UK then CGT is charged only on gains from 2015.
8. UK taxes all income, CGT and death duties on sources within the jurisdiction for ever.
and apparently
1 earnings from offshore investments portfolios are not taxed by UK[??] or Israel and therefore are truly tax free for 10 years
2 soon pensions will be not taxed under a new reciprocity agreement with Israel
and many other considerations of which I am unaware.
Questions
Which investments will be most tax effective and safe?
Property investments always seem safer but in Israel bring in only 3% apparently.
Is it worth my setting up a pension for myself from my UK company or will that be taxed anyway in UK.
What is a QROP and does it apply to us?
Many thanks anyone out there
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