Ex-HMRC tax expert joins Montfort

Montfort has hired ex-HMRC John Lovatt to strengthen its specialism in UK and expatriate taxation as the firm provides cross-border and UK-based solutions as well as financial planning across pensions, tax and investments for expats.

With 28 years’ experience in HMRC’s Pension Scheme Services office, Lovatt joins a technical team of global financial planners, international taxation agents and pension transfer experts. He specialises in complex offshore and domestic taxation rules in relation to registered pension schemes, such as QROPS, QOPS and EFRBS, combined with offshore pension vehicles.

“John and I first connected some 25 years ago when John delivered technical tax opinion to Montfort. We together pioneered the first ever Anglo-Australian pension transfer solution, which at the time, was non-existent. Over the years, John has developed an outstanding legacy as one of HMRC’s key technical taxation experts with specialist knowledge on the complexities surrounding UK taxation and pensions for expatriates,” Geraint Davies, Montfort’s founder and managing director, said in a statement.

“Opportunities to attain such world-class talent, particularly ex-HMRC, are indeed rare. As the complexities of our client cases grow, with an increasing industry requirement for expert specialists and best practice, John’s start will further place Montfort at the forefront of UK and international taxation,” he added.

Commencing at the firm earlier this month, Lovatt has already worked on a number of cases, including a client who is now UK tax resident. He detected an incorrect UK tax liability calculation on his foreign pension scheme to subsequently result in over £230,000 in taxes saved for this particular client.

“With a career at HMRC spanning close to 30 years, I’m incredibly excited by this next venture at Montfort. I have long worked with Geraint and so I’m thrilled to now be a part of the Montfort team to together deliver first-rate UK taxation recommendations to its expatriate client base surrounding the UK tax implications”, John Lovatt (pictured) said.

Montfort is a UK-based IFA firm specialising in global financial planning and emigration. Established in 1995, the firm pioneered cross-border solutions across pensions, personal finance, investments and associated tax efficiency.

Earlier this year it launched a venture for members of defined benefit schemes who are moving abroad, as reported by International Investment.

Pedro Gonçalves
Pedro Gonçalves is Financial Correspondent at International Investment.

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