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Is time running out for tax-free pension transfers?
Finance
Tuesday, 16 June 2020

Understandably during the global health emergency, normal life paused while priorities shifted. With all that’s been going on, it is easy to forget that the Brexit transition period is due to end in just a few months, on 31st December 2020.

Reassuringly, we know that if you are lawfully settled in Spain before then, you will be able to enjoy uninterrupted residence rights. But with no certainty on what form Brexit will take from 2021 – or whether the UK will even leave with a deal – there are still many unknowns.

Perhaps one of the biggest is what will happen to UK pension rules for expatriates. Looking at it from the UK government’s point of view, it could be potentially quite lucrative, for example, to tap into overseas pension transfers once they shed their EU obligations.

If you are retired or planning to retire in Spain, this is the time to review your pension options – before the rules potentially change.

 
Investing for the long-term: Why time in the market matters
Finance
Tuesday, 19 May 2020

Aside from the devastating human impact, the coronavirus pandemic has affected economies and businesses everywhere, making this a highly volatile time for global markets. While this can be extremely unsettling for investors, this is not the time to act on impulse.

Whatever is happening around us, the most sensible approach is to invest for the long-term. History has repeatedly shown that ‘time in’ rather than ‘timing’ the market usually offers the best rewards

 
Take positive action for your financial wellbeing
Finance
Tuesday, 19 May 2020

These have been challenging times, but hopefully as the restrictions are lifted, we can start to enjoy more freedoms and adjust to the ‘new normal’.  Many people will still be at home more than usual though and continue looking for positive ways to spend this time. While home improvements, baking or learning a new skill are usually top of the list, this is also a good opportunity to tend to your financial wellbeing.

With the Brexit clock still ticking, expatriates in particular can benefit from using this time to fine tune their tax, pensions and estate planning. Here are some key considerations.

 

 
How might the global lockdown affect your UK tax residency?
Finance
Friday, 17 April 2020

Expatriates stuck in the UK due to the current health pandemic may unintentionally trigger UK tax residence – but HMRC’s ‘exceptional circumstances’ rule may prevent an unexpected UK tax bill.

As most of us enter another week of coronavirus lockdown, staying at home has become the new ‘normal’. However, the reality for many UK nationals living in Spain is that ‘home’ is in more than one country.

 
UK Budget 2020: How will the new tax year affect expatriates?
Finance
Monday, 16 March 2020

An increased State Pension, more generous pensions taper relief and a new stamp duty for non-UK residents. What were the key takeaways from the UK Budget that may affect expatriates in 2020/21?

Unsurprisingly, the first UK Budget of the decade – and for new Chancellor Rishi Sunak – was dominated by coronavirus concerns. Unveiling a £30 billion spending package, Sunak asserted he would do “whatever it takes” to get the country through these difficult times.

But what is set to change in April 2020 that may affect UK nationals living in Spain?

 
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