ChiFRA

With still no certainty on the timing and form of Brexit – be it hard, soft, no-deal or even no Brexit at all – it is difficult for expatriates to plan accordingly. We are often asked, for instance, what will happen to UK pension rules for expatriates after Brexit, but the reality is that no-one, not even the UK government, knows for sure.

However, when it comes to rules for expatriate pension transfers, it is likely that things may change. So if you are already retired or planning to retire in Spain, take steps now to review your pension options under current rules.

Andrew Southgate,Private Client Manager, Blevins Franks

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How long does it take to earn money for yourself instead of the taxman? "Tax freedom day" varies greatly by country, but good tax planning can help reduce your burden, wherever you live.

If you ever had the feeling that you have spent half your working life just paying tax, you are not far wrong. What with income tax, national insurance/social security, capital gains tax, VAT, council tax, excise duties and so on, a considerable amount of our income goes straight to the taxman each year. 

 Andrew Southgate, Private Client Manager, BlevinsFranks

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Since the 2015 pension freedoms, there has been more choice than ever for how Britons can access their retirement benefits. While this is generally welcome, it has been accompanied by increasingly sophisticated pension fraud – and even the financially savvy are being caught out.

If you have family living outside the EU/EEA, they should no longer have to suffer higher taxes imposed under the state rules for Spanish succession and gift tax.  This is very welcome news for UK nationals with Brexit imminent.