In today’s world of finance one thing is clear, we all have to pay attention to and take great care of our own finances. Spectrum advisers are here to help you with the many complex financial and tax issues you are confronted with. For most expatriates, these planning issues may exist in more than one country, and that’s why they believe that working with experienced, qualified, cross border advisers – who are themselves expatriates, and therefore facing similar challenges – is really important. Let’s have a look at what their services include.
Tax planning
Efficient tax planning is about ensuring you pay the right amount, in the right place. Many people have income arising from many different jurisdictions, whether that be rental, pension or investment income, and each will be treated differently and may even be taxable in different jurisdictions. Even if you believe your situation is relatively simple, there are always planning opportunities and pitfalls as an expat, so it is always best to take qualified advice.
Investments
How you hold and structure your wealth can impact how you are taxed on your investment returns, but personalised investment advice is also very important. It must be looked at in the wider context of your total asset base, financial goals, tax residency, your attitude to risk and capacity for loss.
Pensions
There is more choice than ever for individuals in respect of their pensions, and getting your planning right is critical, as it can have far-reaching consequences. Spectrum IFA are qualified to advise on UK and offshore pension schemes, and can offer a wide range of solutions to ensure that your pension planning is right for your retirement goals, lifestyle and country of residence.
Succession planning
Succession planning is decidedly more complicated in Europe, as each country has different rules. These rules not only affect the level of taxation, but who can receive your estate, who pays the tax, and what assets attract tax. Additionally, many individuals do not realise that they might still have a UK inheritance tax consequence even if they have been living abroad for many years.
Trust planning
Trusts are commonly used by families to preserve and protect wealth, and in succession planning. There are many types of trust and corporate structures, and the right one for you and your family, if at all, will be dependent on several factors. Additionally, choosing independent, experienced trustees is also extremely important.
With over 35 years’ experience, Debrah Broadfield and Mark Quinn are Chartered Financial Planners and UK Tax Advisers specialising in cross-border advice for expatriates. Contact them for a complimentary initial consultation at:
(+351) 289 355 316
(chamada para a rede fixa nacional / call to the national landline)
portugal@spectrum-ifa.com | spectrum-ifa.com
Sponsored content
