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Five tips to get your finances Brexit-ready
Finance
Wednesday, 16 September 2020

Reviewing your currency, investment, tax planning and pension options now can help you secure financial security for 2021 and beyond.

Now that the extension deadline for the Brexit transition period has passed, it is certain that the UK will be leaving the EU in the new year. Reassuringly – deal or no-deal – UK nationals lawfully settled in Spain before 2021 will have locked in the right to remain and enjoy uninterrupted citizens’ rights. But there are still many unknowns.

Other than establishing your residence, what steps can you take to make your financial position as secure as possible? 

 
Becoming resident in Spain? Donít overlook tax and financial planning
Finance
Monday, 17 August 2020

With just months to go before the end of the Brexit transition period, many UK nationals are rushing to secure residency in Spain.  Those who are lawfully settled before 31st December 2020 can lock in a lifetime of citizens’ rights under the UK/EU Withdrawal Agreement. This protects access to healthcare, social security, education and employment opportunities for as long as you remain resident.

Most people are focussed on getting into the Spanish system as quickly as possible. However, without careful planning, changing residency can have unexpected financial pitfalls, not least because residence in Spain makes you subject to Spanish tax and succession rules.  It is also advisable to review your investments and pensions to ensure they are suitable for this new chapter of your new life.  

 
Are your pension funds safe from UK tax penalties?
Finance
Monday, 17 August 2020

Britons risk up to 55% taxation if pension funds go over the UK lifetime allowance and 25% on some overseas pension transfers, but there are steps you can take to limit exposure.

How much are your pensions worth? You may have an idea, but the answer is not always clear, especially if you have accumulated several pensions over your lifetime.

 
Will UK assets invite a bigger tax bill after Brexit?
Finance
Tuesday, 14 July 2020
In preparation for Brexit, most UK expatriates in Spain have secured residence or put plans in place to settle before the transition period ends in December. While that’s entirely appropriate, the planning shouldn’t end there, especially if you still have assets and investments in the UK.
 
No extension to Brexit transition period
Finance
Thursday, 25 June 2020
The UK government has confirmed that it will not request any extension to the Brexit transition period. 31st December remains the deadline date for the two parties to reach new trade agreements – and effectively for expatriates to review their situation and strategic financial planning.  
 
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