finance significant experience having previously worked with KPMG London as a Transaction Services Executive in the Private Equity Group. Kaleem left KPMG London in 2008 and has since been working in finance and analysis roles in Kabul and Pakistan – so he should be well equipped to cope with anything Gibraltar clients can throw at him. Whilst, like the other two graduates, Kaleem’s work will fall mainly into the audit sphere, he will also support KPMG’s growing and increasingly busy local transactions services team. Robert Goode was already a regular visitor to Gibraltar as his brother previously moved here, also to train as an accountant. A recent graduate of York University in Economics and Mathematics, he spent last summer in South Africa working as a coach in the townships of Port Elizabeth for United Through Sport, a global sports charity dedicated to sports development, education and health for the disadvantaged. KPMG Gibraltar’s Managing Director, Micky Swindale, commented on the appointments: “Through our graduate intake programme we aim to provide an open, friendly environment that offers long-term growth, consistent challenge and generous reward. Our graduates and students are our future leaders and have demonstrated tenacity and proactivity in their careers, as well as academic flare. I would like to congratulate Mark, Kaleem and Robert and welcome them to the KPMG team.” n
GIBRALTAR MAGAZINE • NOVEMBER 2013
UK Tax Authority Errors are Costing Gibraltar Pensioners Pensioners in Gibraltar who are receive UK pensions may be paying more UK tax than they should be. Errors made by HMRC when issuing PAYE codes are resulting in Gibraltar residents who receive UK pensions not receiving their tax free allowance. The personal allowance in the UK is £9,440 for pensioners born after 5 April 1948 and £10,550 for those born between 6 April 1938 and 5 April 1948. For
example, someone receiving UK pensions and not receiving personal allowances could be overpaying tax in the UK by up to £2,000 per annum. Angela White at Hassans comments: “We are seeing more and more of these cases and have been able to obtain substantial
Angela White, Consultant, Hassans – International law firm
refunds for a number of clients. Those receiving UK pensions should check that their PAYE tax code is correct and if they are unsure they should contact a specialist.” n
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