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Rich Britons retiring abroad are 'cheating' UK taxpayer of millions

Written by Guardian
Monday, 16 June 2008
Some wealthy Britons are exploiting a tax loophole that allows them to retire abroad with their UK pension savings and live tax-free. Within a few years the loophole could cost the exchequer hundreds of millions of pounds as increasing numbers of retirees with large pension pots escape paying UK tax rates on their pension income. http://www.guardian.co.uk/business/2008/jun/16/taxavoidance.tax Click here to add this page to your social bookmarking site...