tag:blogger.com,1999:blog-10578714645474229492024-03-09T01:10:58.055+01:00Financial Pages in SpainFor those who chose to retire in Spain NOW is the time to talk with a fully REGULATED, experienced and QUALIFIED adviser. How are you affected by the UK leaving the EU?
Financial Pages in Spain is a financial information based blog for English speaking Resident expats and Non-Resident home owners in Spain. David Goodall is happy to answer your queries or recommend professional services. Please FollowFinancial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comBlogger51125tag:blogger.com,1999:blog-1057871464547422949.post-71699427619902363212021-09-30T15:05:00.000+02:002021-09-30T15:05:29.643+02:00 READERS' FAVOURITES <div dir="ltr" style="text-align: left;" trbidi="on">
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<h1 style="line-height: normal; margin-bottom: 0.0001pt;"><span style="font-family: arial; font-size: large;">2021 - A YEAR OF MANY CHANGES</span></h1><h3><span style="font-family: arial; font-size: large;"><i>You've always needed PROFESSIONAL help, now it's vital</i></span></h3><div><span style="font-family: arial; font-size: large;">The year of the professional</span></div><div><span style="font-family: arial; font-size: large;"><br /></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: arial;"><span face="Arial, Helvetica, sans-serif"><b><span style="color: red; font-size: 14pt;">‘Financial Pages in Spain’ provides
information for English - speaking expats and Spanish property owners. Many changes are happening and have happened since the beginning of 2021 and it is ESSENTIAL that you only receive FINANCIAL ADVICE from suitably QUALIFIED and REGULATED individuals and firms. </span></b></span></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;"><span style="font-family: arial;"><span face="Arial, Helvetica, sans-serif"><b><span style="font-size: 13.5pt;"><o:p></o:p></span></b></span><span style="color: red;"><span style="font-size: 18.6667px;"><br /></span></span>
<b><span face="Arial, Helvetica, sans-serif" style="color: red; font-size: 14pt;">If you have ANY doubts, please ask </span></b></span><b style="color: #666154; font-family: Arial, Verdana, sans-serif; font-size: 10pt; text-align: left;"><span style="font-family: Arial; font-size: 16pt;"><span style="color: blue;"><a href="mailto:davidgoodall.spain@gmail.com" style="color: #8da1ad;">EMAIL</a></span></span></b></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;"><h2>
<span style="font-family: arial; font-size: large;">Stay Safe</span></h2>
<span style="background-color: white; font-family: arial;">We live in difficult times and although face to face advice is not always available, modern technology allows the advice process to continue. I can still refer the readers of 'Financial Pages in Spain' to a suitably QUALIFIED and correctly REGULATED Financial Adviser.</span></div>
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The most popular posts over the last month were;</span></b></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; mso-outline-level: 4;"><span style="font-family: arial;"><b><span style="font-size: 13.5pt;"><span> </span><br /></span></b></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; mso-outline-level: 4;"><span style="font-family: arial;"><b><span style="font-size: 13.5pt;"><span><br /></span></span></b></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; mso-outline-level: 4;"><span style="font-family: arial;"><b><span style="font-size: 13.5pt;"><span> <span> </span><span> UK Pension Transfers, QROPS & ALTERNATIVES</span></span></span></b></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; mso-outline-level: 4;"><span style="font-family: arial; font-size: 13.5pt;"> </span><span style="font-family: arial; font-size: 7pt;"> </span><b style="font-family: arial;"><span style="font-size: 14pt;">Hidden Costs & Charges</span></b></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; mso-outline-level: 4;"><b style="font-family: arial;"><span style="font-size: 14pt;"><span> </span><span> </span><span> </span><span> Getting Best Advice </span><br /></span></b></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; mso-outline-level: 4;"><span style="font-family: arial;"><span style="font-size: 18.6667px;"> </span><span style="font-size: 7pt;"> </span><b><span style="font-size: 14pt;">Foreign Exchange beating the
banks</span></b></span> </div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; mso-outline-level: 4;"><span> </span><span style="font-family: arial; font-size: 7pt;"> </span><b style="font-family: arial;"><span style="font-size: 14pt;">Misplaced & Lost
UK Assets- £ Billions</span></b></div>
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<span style="font-family: arial;"><span face="Arial, Helvetica, sans-serif"><b style="background-color: white;"><span style="font-size: 14pt;"><br /></span></b>
<b style="background-color: white;"><span style="font-size: 14pt;"><span style="color: red;">Make sure you get good
advice from an Independent, Regulated and Qualified financial adviser. I can introduce you to a suitable adviser who has passed my 'DUE DILIGENCE' test, please ask </span></span></b></span><span face="Arial, Verdana, sans-serif" style="color: black; font-size: medium; font-weight: 400; text-align: left;"><b> </b></span><b style="color: #666154; font-family: Arial, Verdana, sans-serif; font-size: 10pt; text-align: left;"><span style="font-family: Arial; font-size: 16pt;"><a href="mailto:davidgoodall.spain@gmail.com" style="color: #8da1ad;"><span style="color: blue;">EMAIL</span></a></span></b><span face="Arial, Helvetica, sans-serif"><b style="background-color: white;"><span style="color: blue; font-size: 13.5pt;"><br /></span></b></span></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;"><span style="font-family: arial;"><span face="Arial, Helvetica, sans-serif"><b style="background-color: white;"><span style="color: blue; font-size: 13.5pt;"><br /></span></b></span></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;"><span style="font-family: arial;"><span face="Arial, Helvetica, sans-serif"><b style="background-color: white;"><span style="color: blue; font-size: 13.5pt;"><br /></span></b></span></span></div><h2 style="line-height: normal; margin-bottom: 0.0001pt;"><span style="font-family: arial; font-size: large;">1. UK PENSION TRANSFERS</span></h2><div><span style="font-family: arial; font-size: medium;"><br /></span></div><div><span style="font-family: arial; font-size: medium;">QROPS and Other Alternatives</span></div><div style="line-height: normal; margin-bottom: 0.0001pt;"><br /></div><div style="line-height: normal; margin-bottom: 0.0001pt;"><span style="font-family: arial; font-size: medium; text-align: left;"><span style="font-weight: normal;">If your adviser doesn't consider alternatives to QROPS the you have the WRONG adviser! A bold statement but very true taking into account the changes in 2021. Then of course looking at ALL of your options is in your interests. </span>You<span style="font-weight: normal;"> make the best decision for </span>you</span></div>
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</h3><h2 style="text-align: left;"><p class="MsoNormal"><span class="MsoHyperlink"><span style="color: #2b00fe; font-family: arial;"><span style="font-weight: normal;"> </span><span style="color: #2b00fe;"><a href="http://expatsfrombritain.blogspot.com/2014/01/qrops-2014.html">UK Pension
Transfers</a></span></span></span><o:p></o:p></p><p class="MsoNormal"><span class="MsoHyperlink"><span style="color: #2b00fe; font-family: arial;"><br /></span></span></p><p class="MsoNormal"><b style="font-family: arial; text-align: justify;"><span style="font-size: large;">2. FOREIGN EXCHANGE</span></b></p><p class="MsoNormal"><b style="font-family: arial; text-align: justify;"><span face="Arial, Helvetica, sans-serif" style="font-size: 13.5pt;">Money Transfers – Beating the bank</span></b></p></h2><h3><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal" style="text-align: justify;"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;"><span style="font-family: arial;">
<span face="Arial, Helvetica, sans-serif"><b><span style="font-size: 13.5pt;"><br /></span></b><span style="background: white; font-size: small; font-weight: normal;">Money Transfer - ONLINE, at the time YOU need it Even though personal movement is difficult, you still may need MONEY TRANSFERS. Please give this excellent service a try.</span></span><span style="font-weight: normal;"><br />
<span face="Arial, Helvetica, sans-serif" style="font-size: small;"><span face=""arial" , sans-serif"><span style="background: white;"><br />The post is OFTEN the most popular post in the month. With current foreign exchange rates very volatile and record lows of sterling, this is a GREAT PLACE to make a comparison and to By-Pass YOUR bank.</span></span><span><o:p></o:p></span></span></span></span></div>
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<span style="font-family: arial;"><span face="Arial, Helvetica, sans-serif"><span style="background: white; font-size: small; font-weight: normal;">This excellent service, with rates to beat the banks and high quality customer service, by linking to the very best Foreign Exchange Platform – Currency UK Global. The service offers great rates on all major currencies</span></span></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;"><b style="background-color: white; text-indent: -18pt;"><span style="font-family: arial; font-size: 13.5pt;"><br /></span></b></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;"><span style="font-family: arial;"><span><span face="Arial, Helvetica, sans-serif"><b><span style="font-size: 13.5pt;"><o:p></o:p></span></b></span></span><b style="background-color: white; text-indent: -18pt;"><span style="font-size: 13.5pt;"> </span></b><span style="background-color: white; font-size: large; text-indent: -18pt;"><span style="color: #0070c0;"><span style="font-weight: normal;"> </span> </span></span><span style="font-size: large; text-align: left; text-indent: -18pt;"><a href="http://expatsfrombritain.blogspot.com/2011/09/la-torre-fx-foreign-exchange.html" style="text-align: left; text-indent: -18pt;">Money Transfers – Foreign Exchange</a></span></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;"><span style="font-family: arial;"><br /></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm;"><span style="font-family: arial;"><br /></span></div>
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<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span class="css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0" face="-apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Helvetica, Arial, sans-serif" style="background-color: rgba(0, 0, 0, 0.03); border: 0px solid black; box-sizing: border-box; color: #0f1419; display: inline; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-weight: 400; line-height: 1.3125; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; text-align: start; white-space: pre-wrap;"><b style="color: black; font-family: "Times New Roman"; text-align: justify; white-space: normal;"><span style="color: #222222; font-family: arial; font-size: large;">3. GETTING BEST ADVICE</span></b></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span class="css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0" face="-apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Helvetica, Arial, sans-serif" style="background-color: rgba(0, 0, 0, 0.03); border: 0px solid black; box-sizing: border-box; color: #0f1419; display: inline; font-size: 15px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-weight: 400; line-height: 1.3125; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; text-align: start; white-space: pre-wrap;"> </span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span class="css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0" style="background-color: rgba(0, 0, 0, 0.03); border: 0px solid black; box-sizing: border-box; color: #0f1419; display: inline; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: 1.3125; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; text-align: start; white-space: pre-wrap;"><span style="font-family: arial; font-size: medium;">Qualified, Regulated and Experienced advice </span></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span class="css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0" style="background-color: rgba(0, 0, 0, 0.03); border: 0px solid black; box-sizing: border-box; color: #0f1419; display: inline; font-size: 15px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; line-height: 1.3125; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; text-align: start; white-space: pre-wrap;"><span style="font-family: inherit;"><br /></span></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-weight: normal;"><span style="font-family: arial; font-size: small;">It would be impossible on ONE page to list all of the changes brought about by UK leaving the Single Market and Customs Union These are just a few of the subjects where there are significant changes;</span></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-weight: normal;"><span style="font-family: arial; font-size: small;">* Your relationship with you bank</span></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-weight: normal;"><span style="font-family: arial; font-size: small;">* Your UK pension</span></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-weight: normal;"><span style="font-family: arial; font-size: small;">* Your UK savings plans</span></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-weight: normal;"><span style="font-family: arial; font-size: small;">* The regulations & qualifications your adviser MUST hold </span></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-weight: normal;"><span style="font-family: arial; font-size: small;">* Plus many more</span></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-weight: normal;"><span style="font-family: arial; font-size: small;"><br /></span></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-weight: normal;"><span style="font-family: arial; font-size: small;">I guarantee to refer you only to the correctly regulated, have UK and Spanish experience and hold the qualifications needed.</span></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span class="css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0" face="-apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Helvetica, Arial, sans-serif" style="background-color: rgba(0, 0, 0, 0.03); border: 0px solid black; box-sizing: border-box; color: #0f1419; display: inline; font-size: 15px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-weight: 400; line-height: 1.3125; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; text-align: start; white-space: pre-wrap;"><br /></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span class="css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0" face="-apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Helvetica, Arial, sans-serif" style="background-color: rgba(0, 0, 0, 0.03); border: 0px solid black; box-sizing: border-box; color: #0f1419; display: inline; font-size: 15px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-weight: 400; line-height: 1.3125; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; text-align: start; white-space: pre-wrap;"><span> </span><span> </span><br /></span><b style="background-color: transparent;"><span style="color: #0070c0;"><span face="Arial, sans-serif"><span style="font-size: 21.3333px;"> </span></span><a href="file:///C:/Users/david/Documents/Financial%20Pages%20Project/ow.ly/Ryub30rnLMI" style="font-family: arial; font-size: x-large;">Best
Advice</a></span></b></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><b style="background-color: transparent;"><br /></b></div><p class="MsoNormal"><b><u><span face=""Arial",sans-serif" style="color: #0070c0; font-size: 16pt;"><o:p></o:p></span></u></b></p><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span class="css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0" face="-apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Helvetica, Arial, sans-serif" style="background-color: rgba(0, 0, 0, 0.03); border: 0px solid black; box-sizing: border-box; color: #0f1419; display: inline; font-size: 15px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-weight: 400; line-height: 1.3125; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; text-align: start; white-space: pre-wrap;"><br /></span></div>
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<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><b><span style="color: #222222; font-family: arial; font-size: 14pt;">4. HIDDEN COSTS
& CHARGES</span></b></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></h3><h3><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal" style="text-align: justify;"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; mso-outline-level: 3;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;">
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-family: arial; font-size: small; font-weight: normal;"><span face=""arial" , sans-serif" style="color: #222222;"><br /></span></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: arial; font-size: small; font-weight: normal;"><span face=""arial" , sans-serif" style="color: #222222;">It’s worth checking
if you are paying TOO MUCH for charges attached to financial & pension
products.</span><span><o:p></o:p></span></span></div>
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<span style="font-family: arial; font-size: small; font-weight: normal;"><br /></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: arial;"><span face=""arial" , sans-serif" style="color: #222222; font-size: small; font-weight: normal;">However, if you
have a personal financial adviser, who constantly gives ongoing good service,
they will explain and deserve payment. But please make sure there are no
charges deducted where no service is given and especially if they were NOT
DISCLOSED</span><b><span style="font-size: 14pt;"><o:p></o:p></span></b></span></div>
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<span style="font-family: arial;"><br /></span></div>
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<span style="font-family: arial;"><b><span style="color: #222222; font-size: 14pt;">· </span></b><b><span style="color: #0070c0; font-size: 14pt;"> </span></b><b><span style="color: #0070c0; font-size: 13.5pt;"> </span></b><a href="http://expatsfrombritain.blogspot.co.uk/2015/10/hidden-costs-charges.html"><b><span face=""arial" , sans-serif" style="color: #2b00fe; font-size: large;">Hidden Charges</span></b></a><b><span style="font-size: 14pt;"><o:p></o:p></span></b></span></div>
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<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: arial;"><br /></span></div>
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<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;"><b style="background-color: white; font-family: arial;"><span style="color: #222222; font-size: 14pt;">5. MISPLACED,
FORGOTTEN & LOST ACCOUNTS</span></b></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></h3><h3><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal" style="text-align: justify;"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; mso-outline-level: 3;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;">
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-family: arial; font-size: small;"><b><span style="color: #222222;"><br /></span></b></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: arial; font-size: small; font-weight: normal;"><span style="color: #222222;">There are £
Billions awaiting rightful owners in the UK</span><o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: arial; font-size: small; font-weight: normal;"><span style="color: #222222;">The most common
reason for mislaying assets is change of address. That of course will
apply to the vast majority of expats. It only takes about 5 or
10 minutes to check and even the most careful can find misplaced funds!</span><o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: arial; font-size: small; font-weight: normal;"><br /></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: arial; font-size: small; font-weight: normal;"><span style="color: #222222;">There are many
different types of funds you might find, including shares, pensions,
National Savings inc Premium Bonds, bank accounts, Building Society savings and
much more. Please check the links in my post</span><o:p></o:p></span></div>
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<span style="font-family: arial;"><b><span style="color: #222222; font-size: 13.5pt;">· </span></b><span style="color: #0070c0; font-size: 13.5pt; font-weight: bold;"> </span><span><span face=""arial" , sans-serif" style="font-size: large;"><span style="color: #0070c0; font-weight: normal;"> </span><span style="color: #2b00fe;"> </span></span><a href="http://expatsfrombritain.blogspot.co.uk/2012/01/misplaced-forgotten-and-lost-accounts.html"><span face=""arial" , sans-serif" style="color: #2b00fe; font-size: large;">Lost accounts</span></a></span><b><span style="font-size: 13.5pt;"><o:p></o:p></span></b></span></div>
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<span style="font-family: arial;"><br /></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;">
<span style="font-family: arial;"><b><span style="color: #222222; font-size: small;">If I can help, I
gladly will – Financial Pages in Spain is an INFORMATION site with NO ADVERTS</span></b><b><span style="font-size: 13.5pt;"><o:p></o:p></span></b></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0.0001pt;"><span style="font-family: arial;"><b><span style="color: #222222; font-size: small;"><br /></span></b></span></div>
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<span style="font-family: arial;"><i><span style="font-size: 18pt;"></span></i><i><span style="color: blue; font-size: 18pt;">David</span></i><b><i><span style="color: #222222; font-size: 13.5pt;"> </span></i></b><b><span style="font-size: 13.5pt;"><o:p></o:p></span></b></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0cm;">
<span style="font-family: arial;"><span face="Arial, Helvetica, sans-serif"><b><span style="color: red; font-size: 18pt;"><br />
David Goodall</span></b><span style="font-size: 13.5pt;"><o:p></o:p></span></span><br />
<span face="Arial, Helvetica, sans-serif"> <o:p></o:p></span></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0cm;"><span style="font-family: arial;">
<span face="Arial, Helvetica, sans-serif"><b><span style="color: red; font-size: 18pt;"><br /></span></b></span></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0cm;"><span style="font-family: arial;"><span face="Arial, Helvetica, sans-serif"><a href="mailto:davidgoodall.spain@gmail.com" style="font-family: "Times New Roman"; font-size: 18.72px;"><span style="font-family: arial;">My Email</span></a></span></span></div>
<div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0cm;"><span style="font-family: arial;"><b><span style="color: red; font-size: 18pt;"><br /></span></b></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin-bottom: 0cm;">
<span style="font-family: arial;"><b><span style="color: red; font-size: 18pt;">Financial
Pages in Spain</span></b><span style="font-size: 13.5pt;"><o:p></o:p></span></span></div>
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<span style="font-family: arial;"><b><span style="color: #222222; font-size: 18pt;">Please ‘like’ Financial Pages in Spain on Facebook</span></b><span style="font-size: 13.5pt;"><o:p></o:p></span></span></div>
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<span style="font-family: arial;"><span style="color: blue; font-size: 18pt;">https://www.facebook.com/financialpagesinspain</span><span style="font-size: 13.5pt;"><o:p></o:p></span></span></div>
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</div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></h3><h2><span style="font-family: arial; font-size: large;">For wealth & health Stay Safe</span></h2><h3><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal" style="text-align: justify;"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal"><div class="MsoNormal" style="line-height: normal; margin-bottom: 0cm; mso-outline-level: 3;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;"><div style="margin: 0cm 0cm 0.0001pt;">
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Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-81760714938554867772021-08-12T11:07:00.000+02:002021-08-12T11:07:23.253+02:00UK Pension Transfers including QROPS <div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: left;"><b><span style="color: red; font-family: arial;"><i>UPDATE:</i></span></b></h3><h3 style="text-align: left;"><b><span style="font-family: arial;">This article is about UK Pension Transfers and NOT JUST QROPS.</span></b></h3><h3 style="text-align: left;"><b><span style="font-family: arial;">So many changes have taken place, not just through BREXIT but for many other reasons too. One thing I must bring to your attention immediately:</span></b></h3><div><b><span style="font-family: arial;"><br /></span></b></div><h4 style="text-align: left;"><span style="color: red; font-family: arial;"><b>If you were only offered QROPS and no alternatives, you have the WRONG ADVISER!</b></span></h4><div><br /></div><h4 style="text-align: left;"><b><span style="font-family: arial;">What are your future plans? Where are your pension funds?</span></b></h4><h4 style="font-size: 18.72px;"><b><span style="font-family: arial; font-size: small;">When do you need income? What are your family circumstances?</span></b></h4><h4 style="text-align: left;"><span style="font-family: arial; font-size: small;">What type of pension do you have?<span> </span><span> </span><span> </span><span> Is this best for you?</span></span></h4><div><span style="font-family: arial; font-size: small;"><span><br /></span></span></div><div style="text-align: left;"><span style="font-family: arial; font-size: medium;">Plus many other questions the adviser will discuss with you, must be discussed before a recommendation is made and you make the decision BEST FOR YOU. Always feel free to ask YOUR questions too.</span></div><div style="text-align: left;"><span style="font-family: arial; font-size: medium;"><br /></span></div><div style="text-align: left;"><span style="font-family: arial; font-size: medium;"><br /></span></div><div><span style="color: red; font-family: arial;"><b>QROPS may be best for you, but equally, it MAY NOT</b></span></div><div><span style="color: red; font-family: arial;"><b><br /></b></span></div><h4 style="text-align: left;"><b><span style="background-color: white; font-family: "arial";">This is one of my recent blogs which warns about getting misled by newspaper adverts:</span></b></h4><h4 style="text-align: left;"><span style="font-family: arial;"><i><span> </span></i></span><b><span style="background-color: white; font-family: "arial";">As it appeared on Twitter</span></b><i style="font-family: arial;"><span> </span><span> </span></i></h4><h4 style="text-align: left;"><span style="font-family: arial;"><i><span> </span>DON'T BE MISLED Financial Pages in Spain: <a class="css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1n1174f r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0" data-focusable="true" dir="ltr" href="https://t.co/JGbjo1HjLn?amp=1" rel="noopener noreferrer" role="link" style="background-color: rgba(0, 0, 0, 0.03); border: 0px solid black; box-sizing: border-box; color: #1b95e0; cursor: pointer; display: inline; font-size: 15px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-weight: 400; line-height: inherit; list-style: none; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; text-decoration-line: none; white-space: pre-wrap;" target="_blank"><span aria-hidden="true" class="css-901oao css-16my406 r-poiln3 r-hiw28u r-bcqeeo r-qvutc0" color="inherit" style="border: 0px solid black; box-sizing: border-box; display: inline; font-size: 0px; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; white-space: inherit;">http://</span>ow.ly/NLbm30rp9f3</a><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0" style="background-color: rgba(0, 0, 0, 0.03); border: 0px solid black; box-sizing: border-box; color: #0f1419; display: inline; font-size: 15px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-weight: 400; line-height: inherit; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; white-space: pre-wrap;"> Newspaper 'articles' <span> </span><span> </span><span> </span>which are really ADVERTS </span><span class="r-18u37iz" style="-webkit-box-direction: normal; -webkit-box-orient: horizontal; background-color: rgba(0, 0, 0, 0.03); color: #0f1419; flex-direction: row; font-size: 15px; font-weight: 400; white-space: pre-wrap;"><a class="css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1n1174f r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0" data-focusable="true" dir="ltr" href="https://twitter.com/hashtag/financial?src=hashtag_click" role="link" style="background-color: rgba(0, 0, 0, 0); border: 0px solid black; box-sizing: border-box; color: #1b95e0; cursor: pointer; display: inline; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; list-style: none; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; text-align: inherit; text-decoration-line: none; white-space: inherit;">#financial</a></span><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0" style="background-color: rgba(0, 0, 0, 0.03); border: 0px solid black; box-sizing: border-box; color: #0f1419; display: inline; font-size: 15px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-weight: 400; line-height: inherit; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; white-space: pre-wrap;"> </span><span class="r-18u37iz" style="-webkit-box-direction: normal; -webkit-box-orient: horizontal; background-color: rgba(0, 0, 0, 0.03); color: #0f1419; flex-direction: row; font-size: 15px; font-weight: 400; white-space: pre-wrap;"><a class="css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1n1174f r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0" data-focusable="true" dir="ltr" href="https://twitter.com/hashtag/pensions?src=hashtag_click" role="link" style="background-color: rgba(0, 0, 0, 0); border: 0px solid black; box-sizing: border-box; color: #1b95e0; cursor: pointer; display: inline; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; list-style: none; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; text-align: inherit; text-decoration-line: none; white-space: inherit;">#pensions</a></span><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0" style="background-color: rgba(0, 0, 0, 0.03); border: 0px solid black; box-sizing: border-box; color: #0f1419; display: inline; font-size: 15px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-weight: 400; line-height: inherit; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; white-space: pre-wrap;"> </span><span class="r-18u37iz" style="-webkit-box-direction: normal; -webkit-box-orient: horizontal; background-color: rgba(0, 0, 0, 0.03); color: #0f1419; flex-direction: row; font-size: 15px; font-weight: 400; white-space: pre-wrap;"><a class="css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1n1174f r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0" data-focusable="true" dir="ltr" href="https://twitter.com/hashtag/Spain?src=hashtag_click" role="link" style="background-color: rgba(0, 0, 0, 0); border: 0px solid black; box-sizing: border-box; color: #1b95e0; cursor: pointer; display: inline; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; list-style: none; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; text-align: inherit; text-decoration-line: none; white-space: inherit;">#Spain</a></span><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0" style="background-color: rgba(0, 0, 0, 0.03); border: 0px solid black; box-sizing: border-box; color: #0f1419; display: inline; font-size: 15px; font-stretch: inherit; font-variant-east-asian: inherit; font-variant-numeric: inherit; font-weight: 400; line-height: inherit; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; white-space: pre-wrap;"> BEWARE Misleading & biased <span> </span><span> </span><span> </span><span> </span><span> </span>'information'</span></i></span></h4><h3 style="text-align: left;"><b><span style="background-color: white; color: #2b00fe; font-family: "arial";">2021 Brings many changes</span></b></h3><h4 style="text-align: left;"><span style="font-family: arial; font-size: medium; font-weight: normal;"><span style="background-color: white; color: red;">I am recommending readers of Financial Pages in Spain to get ADVANCED qualified advice and CAN and WILL recommend the RIGHT adviser. </span><span style="color: red;"> </span><a href="mailto:davidgoodall.spain@gmail.com">EMail</a> <span style="color: red;">me to get the appropriate advice, on a personal basis.</span></span></h4><h4 style="text-align: left;"><span style="font-family: "arial"; font-size: medium; font-weight: normal;">I guarantee that you will be given only REGULATED
advice, from an adviser with the CORRECT pension qualifications and very importantly, lots of experience IN SPAIN, if you contact me. Brief details by <a href="mailto:davidgoodall.spain@gmail.com">email</a> are the best starting point, there is NO OBLIGATION and a guarantee of no up front charges.</span></h4><h4 style="text-align: left;"><span style="font-family: arial; font-size: medium; font-weight: normal;"><br /></span></h4><h4 style="text-align: left;"><span style="font-family: arial; font-size: medium; font-weight: normal;">There is lots more information before you can make up your mind and your questions WILL BE ANSWERED. Now is time to 'start the ball rolling'. REMEMBER, YOU have choices</span></h4>
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<b><span style="color: red; font-family: "arial"; font-size: 14pt;">David Goodall<o:p></o:p></span></b></div>
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<b><span style="color: red; font-family: "arial"; font-size: 14pt;">Financial Pages in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region> <o:p></o:p></span></b></div>
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<b><span style="color: red; font-family: "arial"; font-size: 14pt;"><a href="mailto:davidgoodall.spain@gmail.com">davidgoodall.spain@gmail.com</a><o:p></o:p></span></b></div>
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<span style="font-family: arial;"><b><br /></b><b>P.S. If your adviser doesn't consider alternatives to QROPS the you have the WRONG adviser!<br /></b>
<b><br /></b></span></div><div dir="ltr" style="text-align: left;" trbidi="on"><b><span style="font-family: arial;"><br /></span></b></div><div dir="ltr" style="text-align: left;" trbidi="on"><b><span style="font-family: arial;"><br /></span></b></div><div dir="ltr" style="text-align: left;" trbidi="on"><b><span style="font-family: arial;"><br /></span></b></div><div dir="ltr" style="text-align: left;" trbidi="on"><span style="font-family: arial;"><b>Further Reading</b><br />
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<span style="font-family: arial;"><b><span style="font-size: 14pt;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/05/scam-watch.html">Scam
Watch</a> </span></b><span style="font-size: 14pt;">Just say
NO to cold calls<o:p></o:p></span></span></div>
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<span style="font-family: arial;"><b><span style="font-size: 14pt;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/03/the-best-value-for-money.html">Professional
Advice</a> </span></b><span style="font-size: 14pt;">Always
best<o:p></o:p></span></span></div>
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<div class="MsoNormal"><b><span style="font-family: arial; font-size: 14pt;"><a href="http://expatsfrombritain.blogspot.co.uk/2011/09/la-torre-fx-foreign-exchange.html">Foreign Exchange</a> </span></b><span style="font-size: 14pt;"><span style="font-family: arial;">beating the banks on bank transfers!</span><o:p></o:p></span></div>
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Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-75378446296633662012021-03-02T13:02:00.001+01:002021-03-03T10:32:43.128+01:00BEWARE: Newspaper articles may NOT always be what they seem<div dir="ltr" style="text-align: left;" trbidi="on">
<h3 style="text-align: left;"><span face=""arial" , "helvetica" , sans-serif" style="font-size: large;">UPDATE:</span></h3><h3 style="text-align: left;">
<span face=""arial" , "helvetica" , sans-serif" style="font-size: large;">The advertiser writes the article, not a journalist, the content is then just a one company advertisement! </span></h3>
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<span face=""arial" , "helvetica" , sans-serif" style="color: red; font-size: large;"><b>Be careful, it's easy to be DELIBERATELY confused</b></span></div>
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<span style="font-family: arial; line-height: 15.3333px;"><b>Important</b></span></div>
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<span style="line-height: 15.3333px;"><span style="font-family: arial;">Any of you who have read my previous blogs will know how passionate I am about the importance that Expats take advice from a suitably <b>qualified</b>, experienced and regulated, <b>independent</b> financial adviser.<o:p></o:p></span></span></div>
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<span style="line-height: 15.3333px;"><span style="font-family: arial;"><b>Believe all Newspaper articles and adverts?</b></span></span></div>
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<span style="font-family: arial;">The content is unbiased and there to inform you?<b> It is</b><b> NOT!</b></span></div>
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<span style="font-family: arial;">A diligent reader of 'Financial Pages in Spain' sent me an example where newspaper content merges with an advert. As if that was not deliberately confusing enough, the content was biased and potentially dangerous. The UK outlawed <b>investment advice</b> from unqualified advisers many years ago. Indeed they <b>increased </b>the qualifications necessary to give advice! Remember that that's not just pure investment but the investment within a <b>pension too</b></span></div>
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<span style="font-family: arial;">In addition, the writer's description of an Independent vs Restricted adviser was <b>wrong</b>! This means his knowledge of the financial services industry in which he works, is not very good.</span></div>
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<span style="font-family: arial;">Unqualified advisers constructing investment portfolios is <b>dangerous</b> and <b>very risky</b> for the client involved. The answer is <b>Due Diligence </b>to ensure you only get <b>Qualified Advice</b></span></div>
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<span face=""arial" , "helvetica" , sans-serif"><span style="font-family: arial;"><b>Due Diligence</b></span></span></div>
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<span style="font-family: arial;"><span face=""arial" , "helvetica" , sans-serif">As you may know, I am able to help Expats to find an adviser who is</span><span face=""arial" , "helvetica" , sans-serif"> </span><b>suitably qualified</b><span face=""arial" , "helvetica" , sans-serif"> </span><span face=""arial" , "helvetica" , sans-serif">to advise them. I have a strict due diligence process and I would never send a consumer to an adviser until they pass my test.</span></span></div>
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<span style="line-height: 15.3333px;"><span style="font-family: arial;">In respect of the advert I was shown, I have carried out my due diligence on the advisers working for the firm and they are<b> not </b>a company that I would be able to refer my readers to for advice.<span><o:p></o:p></span></span></span></div><div style="text-align: left;"><span style="line-height: 15.3333px;"><span style="font-family: arial;"><br /></span></span></div><div style="text-align: left;"><span style="font-family: arial;"><b>Other Experiences</b></span></div><div style="text-align: left;"><span style="font-family: arial;">I can write from both working in the financial services industry and many years experience in Spain. I know of many other examples that lead me to believe that this is rife in other businesses and is not limited to Spain. Social media as well as newspapers and magazines place the same type of 'adverts' disguised as comment or content. Maybe Governments do this too?</span></div>
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<span style="font-family: arial;"><b>Conclusion </b></span></div>
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<span style="font-family: arial;">You need to be very cautious of the firms, companies or individuals with whom you deal and take the utmost care</span></div>
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<b><span style="color: red; font-size: 16pt;">David Goodall<o:p></o:p></span></b></div>
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<b><span style="color: red; font-size: 16pt;">Financial Pages in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region><o:p></o:p></span></b></div>
<b><st1:country-region w:st="on"><st1:place w:st="on">Read every month by 13,000 Brits in Spain</st1:place></st1:country-region></b></div>
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<b><span style="color: red; font-size: 14pt;"><a href="mailto:davidgoodall.spain@gmail.com" style="color: #7c93a1;">Email</a><o:p></o:p></span></b></div>
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<b><span style="color: red; font-size: 14pt;"><a href="https://www.facebook.com/financialpagesinspain" style="color: #7c93a1;">Facebook</a><o:p></o:p></span></b></div>
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<b><span style="color: red; font-size: 14pt;">Additional reading:</span></b></div>
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<a href="http://expatsfrombritain.blogspot.com/2019/05/financial-advisers-must-be-qualified.html">Qualified
Financial Advisers</a><o:p></o:p></div>
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<a href="http://expatsfrombritain.blogspot.com/2014/05/financial-pages-in-spain-favourites.html">Readers’ Favourites</a><o:p></o:p></div>
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<a href="http://expatsfrombritain.blogspot.com/2015/10/hidden-costs-charges.html">Hidden Costs & Charges</a></div>
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Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-76307495076166102682021-02-16T13:49:00.000+01:002021-02-16T13:49:10.743+01:00UPDATE: Scam Watch <div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: arial;"><b><span style="color: red;"><span face=""arial" , "helvetica" , sans-serif" style="font-size: large;">BEWARE:</span></span></b><br />
<b><span style="color: red;"><span face=""arial" , "helvetica" , sans-serif" style="font-size: large;">Cold calls encouraging a ‘Review’
of your pensions</span></span></b></span></div><div class="MsoNormal"><br /></div><div class="MsoNormal"><span style="font-family: arial;">
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<span style="font-family: arial;"><span lang="EN" style="font-size: 11pt;"><span face=""arial" , "helvetica" , sans-serif">The Financial Conduct Authority (FCA)
in the <st1:place w:st="on"><st1:country-region w:st="on">UK </st1:country-region></st1:place>started a TV advertising campaign about Scammers &'Free' Pension Reviews. Financial Pages in Spain advises that this is exactly how many scammers operate in Spain. The watch word is <b>CAUTION</b></span></span><br />
<span face=""arial" , "helvetica" , sans-serif" style="font-size: 11pt;"><br /></span>
<span face=""arial" , "helvetica" , sans-serif" style="font-size: 11pt;"><b>Be mindful that unregulated companies are
cold-calling consumers to offer high-risk investment advice.</b></span></span></div>
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<span lang="EN" style="font-family: arial; font-size: 11pt;"><br /></span></div>
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<span style="font-family: arial;"><span lang="EN" style="font-size: 11pt;"><span face=""arial" , "helvetica" , sans-serif">They are also sending emails, text
messages and using online advertising. That was the warning in the <st1:country-region w:st="on">UK</st1:country-region> but in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region> they also advertise in
newspapers and it is often difficult to distinguish the regulated from the
unregulated.<o:p></o:p></span></span><br />
<b><span lang="EN" style="font-size: 11pt;"><span face=""arial" , "helvetica" , sans-serif"><br /></span></span>
<span lang="EN" style="font-size: 11pt;"><span face=""arial" , "helvetica" , sans-serif">If you let me know, I can tell you if a company is NOT regulated. Just </span></span><a href="mailto:davidgoodall.spain@gmail.com">Email</a> </b></span></div>
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<span lang="EN" style="font-size: 11pt;"><span face=""arial" , "helvetica" , sans-serif" style="font-family: arial;"><br /></span></span></div>
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<span face=""arial" , "helvetica" , sans-serif" style="font-family: arial;"><span lang="EN" style="font-size: 11pt;">The aim of the 'review' is to
encourage you to move money from an existing personal or occupational pension
to a self-invested personal pension (SIPP)</span><span lang="EN" style="font-size: 11pt;"> or a small self-administered scheme (SSAS).<o:p></o:p></span></span></div>
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<span lang="EN" style="font-size: 11pt;"><span face=""arial" , "helvetica" , sans-serif" style="font-family: arial;">The money is then typically invested
in investments not regulated by the FCA, such as overseas property
developments, forestry or storage units known as store pods.<o:p></o:p></span></span></div>
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<span lang="EN" style="font-size: 11pt;"><span face=""arial" , "helvetica" , sans-serif" style="font-family: arial;"><br /></span></span></div>
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<span lang="EN" style="font-size: 11pt;"><span face=""arial" , "helvetica" , sans-serif" style="font-family: arial;">Such investments can be enormously
risky and can be difficult to sell and consumers could lose all the money they
move, reducing what they have to live on in retirement.<o:p></o:p></span></span></div>
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<span lang="EN" style="font-size: 11pt;"><span face=""arial" , "helvetica" , sans-serif" style="font-family: arial;"><br /></span></span></div>
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<span face=""arial" , "helvetica" , sans-serif" style="font-family: arial;"><span lang="EN" style="font-size: 11pt;">And they also have less protection
should anything go wrong and may not be able to complain to the Financial Ombudsman </span><span lang="EN" style="font-size: 11pt;">Service (FOS). Again, also, the FOS does not cover advice
in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>.<o:p></o:p></span></span></div>
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<span lang="EN" style="font-size: 11pt;"><span face=""arial" , "helvetica" , sans-serif" style="font-family: arial;">The majority of companies offering
the reviews are not authorised by the FCA, although some falsely claim they are
acting on its behalf. Others claim to be working with the government following
the Budget commitment in March to introduce a free advice service for people at
retirement.<o:p></o:p></span></span></div>
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<span lang="EN" style="font-size: 11pt;"><span face=""arial" , "helvetica" , sans-serif" style="font-family: arial;"><br /></span></span></div>
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<span style="font-family: arial;"><span lang="EN"><span face=""arial" , "helvetica" , sans-serif"><b>Please Note:</b></span></span><br />
<span lang="EN" style="font-size: 11pt;"><span face=""arial" , "helvetica" , sans-serif"><b><span style="color: red;"><br /></span></b></span></span>
<span lang="EN" style="font-size: 11pt;"><span face=""arial" , "helvetica" , sans-serif"><b><span style="color: red;">Financial Pages in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region></span> ONLY </b>refers readers to regulated
advisers. In fact I am more than happy to give you the FCA registration details
of anyone I recommend. Feel free to <a href="mailto:davidgoodall.spain@gmail.com">email</a> me to be recommended or I
can check out an adviser you have concerns about. <o:p></o:p></span></span><a href="mailto:davidgoodall.spain@gmail.com">Email</a></span></div>
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<div style="background: white;"><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: arial; font-size: 12pt; line-height: 17.12px;">Professionals<o:p></o:p></span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: arial; font-size: 12pt; line-height: 17.12px;"><br /></span></b></div><div class="MsoListParagraphCxSpFirst" style="margin-left: 54pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -18pt;"><span style="font-family: arial;"><!--[if !supportLists]--><span style="font-size: 12pt; line-height: 17.12px;"><span style="mso-list: Ignore;">·<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span></span><!--[endif]--><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 17.12px;">My doctor is <b style="mso-bidi-font-weight: normal;">qualified</b>, works in a practice with other professionals and I trust him without hesitation<o:p></o:p></span></span></div><div class="MsoListParagraphCxSpMiddle" style="margin-left: 54pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -18pt;"><span style="font-family: arial;"><!--[if !supportLists]--><span style="font-size: 12pt; line-height: 17.12px;"><span style="mso-list: Ignore;">·<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span></span><!--[endif]--><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 17.12px;">The veterinary practice we take the dog to is <b style="mso-bidi-font-weight: normal;">qualified </b>I even know where he studied and that he is a specialist in small animal health<o:p></o:p></span></span></div><div class="MsoListParagraphCxSpMiddle" style="margin-left: 54pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -18pt;"><span style="font-family: arial;"><!--[if !supportLists]--><span style="font-size: 12pt; line-height: 17.12px;"><span style="mso-list: Ignore;">·<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span></span><!--[endif]--><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 17.12px;">My solicitor who I have known for many years is <b style="mso-bidi-font-weight: normal;">qualified </b>in both<b style="mso-bidi-font-weight: normal;"> UK</b> and <b style="mso-bidi-font-weight: normal;">Spain</b><o:p></o:p></span></span></div><div class="MsoListParagraphCxSpLast" style="margin-left: 54pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-indent: -18pt;"><span style="font-family: arial;"><!--[if !supportLists]--><span style="font-size: 12pt; line-height: 17.12px;"><span style="mso-list: Ignore;">·<span style="font-size: 7pt; font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal;"> </span></span></span><!--[endif]--><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 17.12px;">I could go on but I’m sure you’ve got the message. For contact <b style="mso-bidi-font-weight: normal;"><a href="mailto:davidgoodall.spain@gmail.com">My Email</a></b></span></span></div></div><h2><div class="MsoNormal">
<span style="color: red;">David Goodall</span><br />
<span style="color: red;">Financial Pages in Spain</span><br />
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<a href="mailto:davidgoodall.spain@gmail.com">Email</a></div>
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<a href="https://www.facebook.com/financialpagesinspain">Facebook</a></div>
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Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-83300837307784043602021-02-02T17:56:00.000+01:002021-02-02T17:56:26.388+01:00Financial Advisers MUST be Qualified<div dir="ltr" style="text-align: left;" trbidi="on">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: arial; font-size: 12pt; line-height: 107%;">but BEWARE they often aren't!</span></b></div><div dir="ltr" style="text-align: left;" trbidi="on"><b style="mso-bidi-font-weight: normal;"><span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div dir="ltr" style="text-align: left;" trbidi="on"><b style="mso-bidi-font-weight: normal;"><span style="font-family: arial; font-size: 12pt; line-height: 107%;"><br /></span></b></div><div dir="ltr" style="text-align: left;" trbidi="on"><b><span style="font-family: arial;"><br /></span></b></div><div dir="ltr" style="text-align: left;" trbidi="on"><b><i><span style="font-family: arial; font-size: medium;">DUE DILIGENCE <u>ensures </u>that the ADVISERS I RECOMMEND are able to deal with 2021 changed regulations</span></i></b></div><div dir="ltr" style="text-align: left;" trbidi="on"><span style="font-family: arial;"><b><span style="font-size: medium;"><i><u><br /></u></i></span></b><br />
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<span face="verdana, sans-serif" style="background-color: white; font-size: medium;"><span style="color: red;"><b>In these difficult times it's good to know that you can see an adviser with modern technology. After initial contact by email, phone and text, but only if necessary, it is possible to make video calls</b></span></span><br />
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<b style="mso-bidi-font-weight: normal;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;">Protect your savings, pensions and investments</span></b><br />
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<span style="font-family: arial; font-size: 12pt; line-height: 107%;">I’ve said before at ‘Financial Pages in Spain’ that I check
out any adviser that I might recommend to a reader. It’s often known as ‘Due
Diligence’ and I take it seriously.<o:p></o:p></span></div>
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<span style="font-family: arial; font-size: 12pt; line-height: 107%;">Someone calling himself an ‘Adviser’ contacted me to see if
we could ‘work together’. My first question was ‘Are you qualified?’ He said ‘No’,
I replied we cannot work together then! His retort threw me for a minute but
he said ’I don’t have to be, I work in Spain’. Well in 2021 YOU DO have to be! </span><span style="font-family: arial; font-size: 12pt;">I said you must be </span><b style="font-family: arial; font-size: 12pt; mso-bidi-font-weight: normal;">Qualified
</b><span style="font-family: arial; font-size: 12pt;">to work with me. But this is why</span><b style="font-family: arial; font-size: 12pt; mso-bidi-font-weight: normal;"> you</b><span style="font-family: arial; font-size: 12pt;">
must be so </span><b style="font-family: arial; font-size: 12pt; mso-bidi-font-weight: normal;">careful</b></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-family: arial; font-size: 12pt; line-height: 107%;">Professionals<o:p></o:p></span></b></div>
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<span style="font-family: arial;"><!--[if !supportLists]--><span style="font-size: 12pt; line-height: 107%;"><span style="mso-list: Ignore;">·<span style="font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><!--[endif]--><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;">My doctor is <b style="mso-bidi-font-weight: normal;">qualified</b>, works in a practice with other professionals and I trust
him without hesitation<o:p></o:p></span></span></div>
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<span style="font-family: arial;"><!--[if !supportLists]--><span style="font-size: 12pt; line-height: 107%;"><span style="mso-list: Ignore;">·<span style="font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><!--[endif]--><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;">The veterinary practice we take the dog to is <b style="mso-bidi-font-weight: normal;">qualified </b>I even know where he studied
and that he is a specialist in small animal health<o:p></o:p></span></span></div>
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<span style="font-family: arial;"><!--[if !supportLists]--><span style="font-size: 12pt; line-height: 107%;"><span style="mso-list: Ignore;">·<span style="font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><!--[endif]--><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;">My solicitor who I have known for many years is
<b style="mso-bidi-font-weight: normal;">qualified </b>in both<b style="mso-bidi-font-weight: normal;"> UK</b> and <b style="mso-bidi-font-weight: normal;">Spain</b><o:p></o:p></span></span></div>
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<span style="font-family: arial;"><!--[if !supportLists]--><span style="font-size: 12pt; line-height: 107%;"><span style="mso-list: Ignore;">·<span style="font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span></span><!--[endif]--><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;">I could go on but I’m sure you’ve got the
message. For contact <b style="mso-bidi-font-weight: normal;"><a href="mailto:davidgoodall.spain@gmail.com">My Email</a></b><o:p></o:p></span></span></div>
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<span style="font-family: arial; font-size: 12pt; line-height: 107%;">So, why would <b style="mso-bidi-font-weight: normal;">you</b>
trust <b style="mso-bidi-font-weight: normal;">your</b> savings, pensions and
investments to an <b style="mso-bidi-font-weight: normal;">unqualified </b>‘adviser’
just because they happen to be in Spain? I certainly won’t recommend such a
person!<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-family: arial; font-size: 12pt; line-height: 107%;">Due
Diligence<o:p></o:p></span></b></div>
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<span style="font-family: arial; font-size: 12pt; line-height: 107%;">What I am looking for <b style="mso-bidi-font-weight: normal;">before
</b>I will recommend anyone to you are the following;<o:p></o:p></span></div>
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<li class="MsoNormal" style="background: white; color: black; line-height: normal; margin-bottom: 0cm; mso-list: l1 level1 lfo2; tab-stops: list 36.0pt;"><span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt;">The adviser firm
needs to be regulated by an EU regulator and hold professional indemnity
insurance</span><span face=""arial" , sans-serif" style="font-size: 12pt;"><o:p></o:p></span></span></li>
<li class="MsoNormal" style="background: white; color: black; line-height: normal; margin-bottom: 0cm; mso-list: l1 level1 lfo2; tab-stops: list 36.0pt;"><span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt;">The individual
adviser needs to be fully qualified. This qualification can be awarded by
several examining bodies, so I check with the relevant body and ask for
qualification certificates</span><span face=""arial" , sans-serif" style="font-size: 12pt;"><o:p></o:p></span></span></li>
<li class="MsoNormal" style="background: white; color: black; line-height: normal; margin-bottom: 0cm; mso-list: l1 level1 lfo2; tab-stops: list 36.0pt;"><span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt;">I also want to see
that they are registered with the European Financial Planning Association
and that they hold a membership certificate</span><span face=""arial" , sans-serif" style="font-size: 12pt;"><o:p></o:p></span></span></li>
<li class="MsoNormal" style="background: white; color: black; line-height: normal; margin-bottom: 0cm; mso-list: l1 level1 lfo2; tab-stops: list 36.0pt;"><span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt;">Next, I’m interested
in their career history with the UK regulator and if they have a history
on the Financial Conduct Authority (FCA) register. I can also see what
permissions they held when actively advising in the UK, and this tells me
what work they are experienced in and what specialist advice they can give.
This is vital in any recommendation.</span><span face=""arial" , sans-serif" style="font-size: 12pt;"><o:p></o:p></span></span></li>
<li class="MsoNormal" style="background: white; color: black; line-height: normal; margin-bottom: 0cm; mso-list: l1 level1 lfo2; tab-stops: list 36.0pt;"><span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt;">The adviser needs to
be authorised to give investment advice, not just to recommend “insurance”
products – this is now a minimum requirement to be able to advise on Malta
pension plans and UK SIPPs</span><span face=""arial" , sans-serif" style="font-size: 12pt;"><o:p></o:p></span></span></li>
<li class="MsoNormal" style="background: white; color: black; line-height: normal; margin-bottom: 0cm; mso-list: l1 level1 lfo2; tab-stops: list 36.0pt;"><span style="font-family: arial;"><span face=""arial" , sans-serif" style="font-size: 12pt;">Finally, I check
their advice process and what investment options they have to offer
clients. I ask for specimen reports to check the advice offered in several
important areas</span><span face=""arial" , sans-serif" style="font-size: 12pt;"><o:p></o:p></span></span></li>
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<span style="font-family: arial;"><span face=""arial" , sans-serif" style="color: black; font-size: 12pt; line-height: 107%;">This
due diligence process is difficult for you, the consumer, to undertake so
please get in touch. </span><b style="mso-bidi-font-weight: normal;"><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><a href="mailto:davidgoodall.spain@gmail.com">My Email</a></span></b><span class="MsoHyperlink"> </span><o:p></o:p></span></div>
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<span style="font-family: arial;"><span class="gmaildefault"><span face=""arial" , sans-serif" style="background: white; color: black; font-size: 18pt; line-height: 107%;"></span></span><span style="background: white; color: blue; font-size: 18pt; line-height: 107%;"><span style="-webkit-text-stroke-width: 0px; float: none; font-variant-caps: normal; font-variant-ligatures: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; widows: 2; word-spacing: 0px;">David</span><o:p></o:p></span></span></div>
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<span style="font-family: arial;"><span face=""arial" , sans-serif" style="color: black; font-size: 12pt; line-height: 107%;">P.S.
I just came back from the gym where the instructors all proudly display their <b>Qualification</b>
Certificates and Diplomas!</span><span face=""arial" , sans-serif" style="font-size: 12pt; line-height: 107%;"><o:p></o:p></span><br />
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<span style="font-family: arial;"><b><span face=""arial" , sans-serif" style="color: red; font-size: 18pt;">David Goodall</span></b><b><span face=""arial" , sans-serif" style="font-size: 14pt;"><o:p></o:p></span></b></span></div>
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<span style="font-family: arial;"><b><span face=""arial" , sans-serif" style="color: red; font-size: 18pt;">Financial Pages in Spain</span></b><b><span face=""arial" , sans-serif" style="font-size: 14pt;"><o:p></o:p></span></b><br />
<b><span face=""arial" , sans-serif" style="color: red; font-size: 18pt;"><br /></span></b></span></div>
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<a href="mailto:davidgoodall.spain@gmail.com" style="font-size: 18.72px;"><span style="font-family: arial;">Email me</span></a></div>
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<span style="font-family: arial;"><a href="https://www.facebook.com/financialpagesinspain"><b><span face=""arial" , sans-serif" style="font-size: 18pt;">FACEBOOK</span></b></a><b><span face=""arial" , sans-serif" style="color: red; font-size: 18pt;"><o:p></o:p></span></b></span></div>
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<span style="font-family: arial;"><br /></span></div>
<div style="background: white; font-size: 18.72px; font-weight: 700; margin: 0cm 0cm 0.0001pt; text-align: justify;">
<span style="font-family: arial;"><b><span face=""arial" , sans-serif" style="color: #222222; font-size: 18pt;">Please ‘like’ Financial Pages in Spain on Facebook</span></b><b><span face=""arial" , sans-serif" style="font-size: 14pt;"><o:p></o:p></span></b></span></div>
<div style="background: white; font-size: 18.72px; font-weight: 700; margin: 0cm 0cm 0.0001pt; text-align: justify;">
<span face=""arial" , sans-serif" style="color: #7c93a1;"><span style="font-family: arial; font-size: 24px;">https://www.facebook.com/financialpagesinspain</span></span></div>
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<h3 style="text-align: left;"><span style="font-family: arial;">
Further Reading;</span></h3>
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<span style="font-family: arial;"><a href="http://expatsfrombritain.blogspot.com/2014/05/scam-watch.html">Scam Watch</a><o:p></o:p></span></div>
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<span style="font-family: arial;"><a href="http://expatsfrombritain.blogspot.com/2014/05/financial-pages-in-spain-favourites.html">Readers’
Favourites</a><o:p></o:p></span></div>
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<a href="http://expatsfrombritain.blogspot.com/2015/10/hidden-costs-charges.html"><span style="font-family: arial;">Hidden
Costs & Charges</span></a><span class="MsoHyperlink"><o:p></o:p></span></div>
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Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-66809836830594450252021-01-25T12:01:00.001+01:002021-05-05T16:24:32.456+02:00Tax avoidance and Tax evasion 2019 Update<div dir="ltr" style="text-align: left;" trbidi="on">
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<h2 style="text-align: left;"><span style="font-family: arial; font-size: medium;">Written in June 2019, sometimes interesting to look back!</span></h2>
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<span style="font-family: arial;"><span>These subjects have been
made relevant from Spanish and UK Budgets in the past decade where part of the Governments’ increased revenue will
come from tackling Tax Avoidance and Tax Evasion. One of the problems I have
with the subject is that in speeches politicians often confuse tax avoidance
with tax evasion. This matters because Tax Evasion is already illegal. Closing down Tax Avoidance is in the hands of Parliamentarians to change. One way to do this would be to accept </span><span face=""arial" , "helvetica" , sans-serif" style="color: #444444;">Anti Tax Avoidance Directive EU 2016/1164 which has</span><span face=""arial" , "helvetica" , sans-serif" style="background-color: white; color: #444444;"><span style="color: #666666;"> </span>five legally-binding anti-abuse measures and all Member States should apply against common forms of aggressive tax planning.</span><span face=""arial" , "helvetica" , sans-serif" style="color: #444444;"> </span></span></div>
<span style="font-family: arial;"><span style="color: red;"><br /></span><span style="color: red;">Leaving the EU has definitely favoured the UK's billionaires and fellow travellers!</span><br />
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<span face=""arial" , "helvetica" , sans-serif">The five anti-abuse measures are;</span><br />
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<span face=""arial" , sans-serif" style="background-color: white; box-sizing: inherit; color: #333333; font-size: 16.8px; font-weight: bolder;">Controlled foreign company (CFC) rule:</span><span face=""arial" , sans-serif" style="background-color: white; color: #333333; font-size: 16.8px;"> to deter profit shifting to a low/no tax country.</span><br />
<span face=""arial" , sans-serif" style="background-color: white; box-sizing: inherit; color: #333333; font-size: 16.8px; font-weight: bolder;">Switchover rule:</span><span face=""arial" , sans-serif" style="background-color: white; color: #333333; font-size: 16.8px;"> to prevent double non-taxation of certain income</span><br />
<span face=""arial" , sans-serif" style="background-color: white; box-sizing: inherit; color: #333333; font-size: 16.8px; font-weight: bolder;">Exit taxation:</span><span face=""arial" , sans-serif" style="background-color: white; color: #333333; font-size: 16.8px;"> to prevent companies from avoiding tax when re-locating assets.</span><br />
<span face=""arial" , sans-serif" style="background-color: white; box-sizing: inherit; color: #333333; font-size: 16.8px; font-weight: bolder;">Interest limitation:</span><span face=""arial" , sans-serif" style="background-color: white; color: #333333; font-size: 16.8px;"> to discourage artificial debt arrangements designed to minimise taxes.</span><br />
<span face=""arial" , sans-serif" style="background-color: white; box-sizing: inherit; color: #333333; font-size: 16.8px; font-weight: bolder;">General anti-abuse rule:</span><span face=""arial" , sans-serif" style="background-color: white; color: #333333; font-size: 16.8px;"> to counteract aggressive tax planning when other rules don’t apply.</span><br />
<span style="color: red;"><br /></span>
<span style="color: red;"><b>IMPORTANT;</b></span></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<ul style="margin-top: 0cm; text-align: left;" type="disc">
<li class="MsoNormal"><b><span style="font-family: "arial";">Avoidance
and evasion are not the same</span></b></li><li><span style="font-family: arial;"><b>Downright favouring the wealthy is a political decision</b></span></li><li class="MsoNormal"><b><span style="font-family: "arial";">Tax
avoidance in many cases is legal BUT over aggressive tax 'planning' CAN affect both the EU internal market and tax liabilities e.g. Profit 'shifting' </span></b></li>
<li class="MsoNormal"><b><span style="font-family: "arial";">Tax
evasion is illegal but needs effective and efficient COLLECTION systems<o:p></o:p></span></b></li>
</ul>
<div><span style="font-family: arial;"><b><span> </span><span> </span><br /></b></span></div>
<div class="MsoNormal"><b><span style="font-family: "arial";"><span style="font-size: large;">Tax Evasion – Definition</span></span></b></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<b><i><span style="font-family: "arial";">Unlawful attempt to
minimise <a href="http://www.businessdictionary.com/definition/tax-liability.html"><span style="color: black; text-decoration: none;">tax liability</span></a>
through fraudulent <a href="http://www.businessdictionary.com/definition/technique.html"><span style="color: black; text-decoration: none;">techniques</span></a>
to circumvent or frustrate <a href="http://www.businessdictionary.com/definition/tax-law.html"><span style="color: black; text-decoration: none;">tax laws</span></a>,
such as deliberate under-statement of <a href="http://www.businessdictionary.com/definition/taxable-income.html"><span style="color: black; text-decoration: none;">taxable income</span></a>
or <a href="http://www.businessdictionary.com/definition/willful.html"><span style="color: black; text-decoration: none;">wilful</span></a>
non-payment of <a href="http://www.businessdictionary.com/definition/due.html"><span style="color: black; text-decoration: none;">due</span></a> <a href="http://www.investorwords.com/5972/taxes.html"><span style="color: black; text-decoration: none;">taxes</span></a></span></i></b><b><span style="font-family: "arial";">.
<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial";">Whereas <a href="http://www.investorwords.com/4879/tax.html"><span style="color: black; text-decoration: none;">tax</span></a> evasion is an <a href="http://www.businessdictionary.com/definition/offense.html"><span style="color: black; text-decoration: none;">offense</span></a>
(punishable by both civil and criminal <a href="http://www.businessdictionary.com/definition/penalty.html"><span style="color: black; text-decoration: none;">penalties</span></a>),
<a href="http://www.businessdictionary.com/definition/tax-avoidance.html"><span style="color: black; text-decoration: none;">tax avoidance</span></a>
is not.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<b><span style="color: red; font-family: "arial";">Whatever politicians or the newspapers say
there are no extra legal powers needed to stop Tax Evasion – it is illegal.
Though HMRC in the <st1:country-region w:st="on">UK</st1:country-region> and La
Hacienda in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>
have to do MORE to stop it and COLLECT the tax. <o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial";">If you need
advice or have a query please <a href="mailto:davidgoodall.spain@gmail.com">email</a>
me<br />
<br />
<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial";">Examples of Tax
Evasion<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 18pt;">
<span style="font-family: arial;"><br /></span></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><span style="font-family: "arial";">Being resident in <st1:country-region w:st="on">Spain</st1:country-region> but not declaring income to the
tax authorities the extent of which is now coming to light<o:p></o:p></span></li>
<li class="MsoNormal"><span style="font-family: "arial";">Not declaring income from property letting<o:p></o:p></span></li>
<li class="MsoNormal"><span style="font-family: "arial";">Spanish resident having an Individual Savings
Account in the <st1:place w:st="on"><st1:country-region w:st="on">UK</st1:country-region></st1:place>
and tax free interest<o:p></o:p></span></li>
<li class="MsoNormal"><span style="font-family: "arial";">Not declaring gross paid interest on offshore
accounts<o:p></o:p></span></li>
<li class="MsoNormal"><span style="font-family: "arial";">Wilful refusal to pay tax<o:p></o:p></span></li>
</ul>
<div class="MsoNormal">
<span style="font-family: "arial";"><br />
<br />
<o:p></o:p></span></div>
<div class="MsoNormal">
<b><span style="font-family: "arial";"><span style="font-size: large;">Tax Avoidance – Definition</span><o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<b><i><span style="font-family: "arial";"><a href="http://www.businessdictionary.com/definition/lawful.html"><span style="color: black; text-decoration: none;">Lawful</span></a>
minimisation of <a href="http://www.businessdictionary.com/definition/tax-liability.html"><span style="color: black; text-decoration: none;">tax liability</span></a>
through sound and currently legal <a href="http://www.businessdictionary.com/definition/financial-planning.html"><span style="color: black; text-decoration: none;">financial planning</span></a><span style="color: black; text-decoration: none;"><span style="color: black;">.</span> Parliament could stop this</span></span></i></b></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial";">I am quite happy
to answer any queries you may have but I will refer you to an adviser for
authorised and regulated advice, if you <a href="mailto:davidgoodall.spain@gmail.com">email</a> me<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial";">Examples of Tax
Avoidance<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><span style="font-family: "arial";">Pension schemes are legitimate and
avoid tax but contributions and benefits have to be within HMRC rules and importantly, <b>limits.</b></span><b><span style="font-family: "arial";"><o:p></o:p></span></b></li>
<li class="MsoNormal"><st1:place w:st="on"><st1:country-region w:st="on"><span style="font-family: "arial";">UK</span></st1:country-region></st1:place><span style="font-family: "arial";"> residents having an Individual
Savings Account</span></li>
<li class="MsoNormal"><span style="font-family: "arial";">QROPS for <st1:place w:st="on"><st1:country-region w:st="on">UK</st1:country-region></st1:place> non-residents or intending
non-residents</span></li>
<li class="MsoNormal"><span style="font-family: "arial";">The legitimate use of offshore
trusts to hold assets but not if covered by EU 2016/1164</span><b><span style="font-family: "arial";"><o:p></o:p></span></b></li>
<li class="MsoNormal"><span style="font-family: "arial";">The establishment of Trusts or Foundations for charitable purpose</span></li>
</ul>
<div>
<span style="font-family: "arial";">Most Tax Avoidance in the EU is legitimate, subject to EU 2016/1164! </span></div>
<div>
<span style="font-family: "arial";"><br /></span></div>
<div class="MsoNormal"><br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><span style="font-family: "arial";">In the <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region> there was an ‘industry’
which looks for ways of creating Tax Avoidance. It is up to the Government
and especially HMRC to make sure that the tax rules and laws are not
circumvented. It is also possible in the UK to negotiate a deal with the Government or HMRC. This, of course, favours the super wealthy!<o:p></o:p></span></li>
</ul>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span style="font-family: "arial";">* * * * * * *<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-align: justify; text-autospace: none;">
<span style="font-family: "arial";">You can write
to me with your personal experiences, ask me a question or to be put in touch
with one of my recommended adviser by sending me an <a href="mailto:davidgoodall.spain@gmail.com">email</a><o:p></o:p></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-align: justify; text-autospace: none;">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; text-align: justify; text-autospace: none;">
<span style="font-family: "arial";">Linked with
this post are two recent articles from my Blog;<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><span face=""arial" , "helvetica" , sans-serif">Qualified, Regulated and Independent Financial Advice</span><br />
<a href="http://expatsfrombritain.blogspot.com/2019/05/financial-advisers-must-be-qualified.html"><span face=""arial" , "helvetica" , sans-serif">http://expatsfrombritain.blogspot.com/2019/05/financial-advisers-must-be-qualified.html</span></a></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal"><br /></div>
<h2 style="text-align: left;"><span style="font-family: arial; font-size: medium;">Interesting, even in 2021?</span></h2>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal"><span style="font-family: "arial";">Tell me your experiences, write
to me by <a href="mailto:davidgoodall.spain@gmail.com">email</a><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="background: white; mso-line-height-alt: 13.5pt;">
<b><span style="color: red; font-family: "arial"; font-size: 14pt;">David Goodall</span></b><span style="color: #222222; font-family: "arial"; font-size: 14pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; mso-line-height-alt: 13.5pt;">
<b><span style="color: red; font-family: "arial"; font-size: 14pt;">Financial Pages in<span class="apple-converted-space"> </span><st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region></span></b><span style="color: #222222; font-family: "arial"; font-size: 14pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; mso-line-height-alt: 13.5pt;">
<b><span style="color: red; font-family: "arial"; font-size: 14pt;">Email:<span class="apple-converted-space"> </span><a href="mailto:davidgoodall.spain@gmail.com"><span style="color: #7c93a1;">davidgoodall.spain@gmail.com</span></a></span></b><span style="color: #222222; font-family: "arial"; font-size: 14pt;"><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
</div>
</div>
Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-52450287880002980712020-09-27T13:07:00.000+02:002020-09-27T13:07:34.306+02:00Five Spanish Non-Resident Taxes<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<div class="MsoNormal">
<div class="MsoNormal"><span style="font-family: arial;">For many of my regular
Spanish resident readers there are elements of this that will not apply but I
was writing specifically for a non-resident audience. It equally applies
however to non-residents who have already purchased. By all means, </span><a href="mailto:davidgoodall.spain@gmail.com" style="font-family: arial;">email</a><span style="font-family: arial;"> me if you want more
detail.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "arial";">To begin I’ll list three
common myths that are <b><span style="color: red;">wrong</span>. </b>These have all been said to me or written
to me;<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><span style="font-family: "arial";">‘I’m not liable to Spanish Inheritance Tax
because I’m not a resident’ – <b><span style="color: red;">wrong</span><o:p></o:p></b></span></li>
<li class="MsoNormal"><span style="font-family: "arial";">‘I live in the <st1:place w:st="on"><st1:country-region w:st="on">UK</st1:country-region></st1:place> and pay my taxes to the tax
office in Salford Quays. I have a house in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place> but I’ve no need to pay
Spanish taxes’ – <b><span style="color: red;">wrong</span><o:p></o:p></b></span></li>
<li class="MsoNormal"><b><span style="font-family: "arial";">‘</span></b><span style="font-family: "arial";">The people who rent my Spanish house pay me in
pounds so I don’t need to pay Spanish tax’ – <b><span style="color: red;">wrong</span> <o:p></o:p></b></span></li>
</ul>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "arial";">The following is the leaflet
contents I referred to earlier;<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div style="border: 1pt solid windowtext; mso-border-alt: solid windowtext .5pt; mso-element: para-border-div; padding: 1pt 4pt;">
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<span style="font-family: "arial";">There are 5 key taxes most applicable to <b>non-resident</b> property owners.<o:p></o:p></span></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<br /></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<b><span style="font-family: "arial";">Income Tax<o:p></o:p></span></b></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<span style="font-family: "arial";">Every non-resident owner of a Spanish property has to pay an annual tax
to account for their "share" of the property. Although it's called an
"income tax" it's not actually based on your level of income, but on
a "deemed" or "notional" income, which is a percentage of
the rateable value of the property multiplied by the non-resident tax rate of
24.75%.<o:p></o:p></span></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<br /></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<span style="font-family: "arial";">This tax is based on the calendar year and is always due within 12
months of the end of the tax year, so for the 2020 tax year, tax needs to be
paid before 31st December 2021.<o:p></o:p></span></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<br /></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<br /></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<b><span style="font-family: "arial";">Property or IBI Tax<o:p></o:p></span></b></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<span style="font-family: "arial";">Property rates in <st1:country-region w:st="on">Spain</st1:country-region>
is referred to as IBI and, like the <st1:country-region w:st="on">UK</st1:country-region>,
this tax will be levied by your local council in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place>. The council will assign a
rateable value to your property and then your rates or property tax will be a %
of this amount. The % will depend on your council, but in most cases it will be
somewhere between 0.5% and 1%. So if you had a rateable value of €50,000 and
your local percentage was 0.75%, then your annual rates bill would be €375.<o:p></o:p></span></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<br /></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<span style="font-family: "arial";">This tax is also based on the calendar year but will normally be payable
between June and September each year, again this will be dependent on your
local council.<o:p></o:p></span></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<br /></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<b><span style="font-family: "arial";">Rental Income Tax<o:p></o:p></span></b></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<span style="font-family: "arial";">Up until the end of 2009, rental income tax was 24% of the gross income
you received on any rentals. So if you generated €1000 by renting out your
property, then you would have to pay €240 in tax. You could not offset any
expenses - i.e. cleaning, utilities, insurance, mortgage interest, marketing,
management fees etc. <o:p></o:p></span></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<br /></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<span style="font-family: "arial";">However, since January 2010, the rules have changed, which means
that you can now offset expenditure when calculating what income, or
effectively profit, will be subject to tax of 24.75%.<o:p></o:p></span></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<br /></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<span style="font-family: "arial";">In theory rental income tax returns need to be submitted each quarter,
to account for income received in the preceding 3 months<o:p></o:p></span></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<br /></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<b><span style="font-family: "arial";">Capital Gains Tax</span></b><span style="font-family: "arial";"> <o:p></o:p></span></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<span style="font-family: "arial";">When a non-resident owner sells their property, they will make a capital
gain or a loss upon the sale, which is the difference between what they paid
for the property and the proceeds of the sale. The buyer of the property should
always withhold 3% of the sales value and pay this to the Spanish tax office as
an "advance" of the buyer’s potential capital gains tax. It is then
up to the buyer to calculate their gain or loss, and if a gain has been made
this will be subject to 21% tax. The buyer should pay the 3% within 1 month of
the sale date, and the seller then has a further 1 month in order to submit
their calculation of a gain or loss and the corresponding tax returns.<o:p></o:p></span></div>
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<b><span style="font-family: "arial";">Inheritance Tax<o:p></o:p></span></b></div>
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<span style="font-family: "arial";">Inheritance tax for non-residents is a tax on the beneficiaries and not
on the deceased as it is in the <st1:place w:st="on"><st1:country-region w:st="on">UK</st1:country-region></st1:place>.
The tax rates themselves can vary depending on the relationship of the
beneficiaries to the deceased, the amount that is being gifted, their age, and
even their wealth in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place>
and in the very worst situation tax rates can reach levels of 81%!<o:p></o:p></span></div>
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<span style="font-family: "arial";">The other major issue for UK people is that transfers between husband
and wife in Spain are not tax exempt as they are in the UK, so if a spouse were
to die, then the surviving spouse, in most cases, will need to pay inheritance
tax (as well as probate) in order to take on the additional 50% share of the
property.<o:p></o:p></span></div>
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<span style="font-family: "arial";">It will normally take approximately 6 months to deal with the probate
issues in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place>
and pay any outstanding inheritance tax, before the property deeds can then be
altered.<o:p></o:p></span></div>
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<span style="font-family: "arial";">No Inheritance Tax is payable if the property is owned by a UK company,
since even if a shareholder dies, the company can continue in existence and the
shares passed on to a beneficiary under UK rules. This requires <span style="color: red;">SPECIALIST</span>
advice.<o:p></o:p></span></div>
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<span style="font-family: "arial";">* * * * * * *<o:p></o:p></span></div>
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<span style="font-family: "arial";">This is a very basic outline of taxes in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place>, applying to non-residents.
Both residents and non-residents are always encouraged to seek professional
advice. <o:p></o:p></span></div>
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<b><span style="font-family: "arial";">Email : <a href="mailto:davidgoodall.spain@gmail.co.uk">davidgoodall.spain@gmail.co.uk</a><o:p></o:p></span></b></div>
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<b>Facebook : https://www.facebook.com/financialpagesinspain</b></div>
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<b><span style="font-family: "arial";">Twitter : @davidgspain<o:p></o:p></span></b></div>
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<b><span style="font-family: "arial";">Website : <a href="http://www.financial-pages-in-spain.co.uk/">http://www.financial-pages-in-spain.co.uk/</a><o:p></o:p></span></b></div>
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<b><span style="font-family: "arial";">Blog : <a href="http://expatsfrombritain.blogspot.com/">http://expatsfrombritain.blogspot.com/</a><o:p></o:p></span></b></div>
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<b><span style="color: red; font-family: "arial";"><br /></span></b>
<b><span style="color: red; font-family: "arial";"><br /></span></b>
You will note that the
leaflet does not contain the Spanish titles of the taxes, as it is aimed at a <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region> audience. </div>
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<span style="font-family: "arial";">Further reading recommended, includes the following;<o:p></o:p></span><br />
<span style="font-family: "arial";"><br /></span></div>
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<b><span style="font-size: 14pt;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/05/scam-watch.html"><span style="font-family: arial;">Scam
Watch</span></a> </span><span style="font-size: 14pt;">Just say
NO to cold calls<o:p></o:p></span></b></div>
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<b><br /></b></div>
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<b><span style="font-size: 14pt;"><span style="font-family: arial;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/03/the-best-value-for-money.html">Professional
Advice</a> </span> Legal, Tax and Property advice is a</span><span style="font-size: 14pt;">lways
best<o:p></o:p></span></b></div>
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<div style="text-align: left;"><b><span face=""Arial",sans-serif"><a href="http://expatsfrombritain.blogspot.com/2011/09/la-torre-fx-foreign-exchange.html"><span style="color: #2b00fe; font-family: arial; font-size: medium;">Money Transfers –
Foreign Exchange</span></a><span style="font-size: 12pt;"> </span></span><span style="font-size: 14pt;"> </span><span style="font-size: 14pt;">beating the banks on bank transfers!</span></b></div>
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<span style="font-family: "arial";">Please </span><a href="mailto:davidgoodall.spain@gmail.com" style="font-family: Arial;">email</a><span style="font-family: "arial";"> me if there is anything I
can help with.</span></div>
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<b><span style="color: red; font-family: "arial"; font-size: large;">David Goodall<o:p></o:p></span></b></div>
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<b><span style="color: red; font-family: "arial"; font-size: large;">Financial Pages in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place><o:p></o:p></span></b></div>
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<b><span style="font-family: "arial"; font-size: 14pt;"><a href="mailto:davidgoodall.spain@gmail.com">Email</a><o:p></o:p></span></b></div>
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Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-27825144073984440182020-09-27T12:23:00.000+02:002020-09-27T12:23:10.420+02:00Foreign Exchange - Money Transfers - ONLINE & WORLDWIDE<div dir="ltr" style="text-align: left;" trbidi="on">
<h3>
<span style="font-family: "arial"; font-size: small; font-weight: normal;">By-pass your bank for a better deal, saving time and
money.</span></h3>
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<span style="font-family: arial;"><o:p></o:p></span></div>
<h3>
<span style="font-family: "arial"; font-weight: normal;"><span style="font-size: small;">This excellent service, with great rates and high quality
customer service, by linking to the very best Foreign Exchange Platform</span><span style="font-size: 12pt;"> – </span></span><a href="https://cukweb.currencyuk.co.uk/TradingWeb/joinInit.action?referSource=FPSAIN" style="font-size: 12pt;"><span face=""arial" , "helvetica" , sans-serif">Currency
UK</span></a></h3>
<h3>
<o:p></o:p></h3>
<h3>
</h3>
<div>
<h2>
<span style="color: red; font-family: "arial"; font-size: 16pt;">Questions and Answers</span></h2>
</div>
<h3>
<span style="background-color: white; font-family: "arial"; font-size: 14pt;">Currency UK - Key Facts</span></h3>
<h3>
<span face=""arial" , "helvetica" , sans-serif" style="font-size: small;"><ul style="background-color: white;">
<li style="margin-left: 15px;"><span style="font-family: arial;"><span style="font-weight: normal;">Send & receive </span>International <span style="font-weight: normal;">payments online 24/7</span></span></li><li style="margin-left: 15px;"><span style="font-weight: normal;"><span style="font-family: arial;">Track from start to finish</span></span></li><li style="margin-left: 15px;"><span style="font-weight: normal;"><span style="font-family: arial;">Bank beating exchange rates</span></span></li><li style="margin-left: 15px;"><span style="font-family: arial;">Free <span style="font-weight: normal;">registration without obligation (helps </span>YOU<span style="font-weight: normal;"> to find out more)</span></span></li>
<li style="margin-left: 15px;"><span style="font-family: arial;"><span style="font-weight: 400;">Fully Regulated by UK Financial Conduct Authority (</span>FCA<span style="font-weight: 400;">) & 100% secure</span></span></li>
<li style="font-weight: 400; margin-left: 15px;"><span style="font-family: arial;">Part of the Currencies Direct Group </span></li>
</ul>
</span></h3>
<h3>
<span style="font-family: "arial"; font-size: 14pt;">What does Currency UK do?<o:p></o:p></span></h3>
<div style="text-align: left;"><span face=""arial" , "helvetica" , sans-serif" style="font-size: 12pt;"><b><a href="https://cukweb.currencyuk.co.uk/TradingWeb/joinInit.action?referSource=FPSAIN" style="font-size: 12pt;">Currency UK</a> </b></span><span face=""arial" , "helvetica" , sans-serif" style="font-size: 16px;"> </span><span face=""arial" , "helvetica" , sans-serif"> </span><span face=""arial" , "helvetica" , sans-serif" style="font-family: arial; font-weight: normal;">allows you to exchange currencies at market leading exchange
rates. Currency UK will transfer your purchased currency to your nominated bank account
anywhere in the world.</span></div>
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<o:p></o:p></div>
<span class="apple-style-span"><br /></span></div>
<h3>
<span style="font-family: "arial"; font-size: 14pt;">What does Currency UK NOT do?</span><span style="font-family: "arial"; font-size: 14pt;"><o:p></o:p></span></h3>
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<span class="apple-style-span"><span style="font-family: "arial";">Currency UK does not provide facilities for you to gamble on the currency
exchange markets. Currency UK does not provide travel money for your holidays.</span></span><span class="apple-style-span"><span style="font-family: "arial";"><o:p></o:p></span></span><br />
<span class="apple-style-span"><span style="font-family: "arial";"><br /></span></span></div>
<h3>
<span style="font-family: "arial"; font-size: 14pt;">How can YOU get the the best exchange rate?</span><span style="font-family: "arial"; font-size: 14pt;"><o:p></o:p></span></h3>
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<span style="font-size: 12pt;"><span face=""arial" , "helvetica" , sans-serif"><a href="https://cukweb.currencyuk.co.uk/TradingWeb/joinInit.action?referSource=FPSAIN">Currency
UK</a> </span></span> <span face=""arial" , "helvetica" , sans-serif" style="font-weight: normal;">has developed smart technology to reduce the costs of trading
currencies. We pass these cost savings onto our clients. Other currency brokers
employ teams of highly paid traders to talk to clients and convince them to
deal through their brokerage. This is an expensive way to run a foreign
exchange trading company and the costs are passed onto their clients. Banks
have a long established history of charging high fees and providing poor rates
of exchange which nets them fat profits at the expense of their clients</span></div>
<span class="apple-style-span"><span style="font-family: "arial";"><br /></span></span></div>
<h3>
<span style="font-family: "arial"; font-size: 14pt;">What hours are Currency UK open for business?</span><span style="font-family: "arial"; font-size: 14pt;"><o:p></o:p></span></h3>
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<span class="apple-style-span"><span style="font-family: "arial";">Currency UK is open for online trading 24 hours per day, 7 days per week,
365 days per year</span></span> . <span face=""arial" , "helvetica" , sans-serif">Currency UK</span><span style="font-family: "arial";"> is
open for telephone based trading between the hours of 9am and 5pm British
standard time.</span><br />
<br /></div>
<h3>
<span style="font-family: "arial"; font-size: 14pt;">How can I get
help or support?</span><span style="font-family: "arial"; font-size: 14pt;"><o:p></o:p></span></h3>
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<span class="apple-style-span"><span style="font-family: "arial";">Currency UK is fanatical about providing a fantastic support to our
clients. Between the hours of 9am and 5pm British standard time, call us on +44
(0)203 004 4444. Email us 24 x 7</span></span><span style="font-family: "arial";"> there is always someone ready to respond.</span><br />
<span class="apple-style-span"><span style="font-family: "arial";"><br /></span></span></div>
<h2 style="text-align: left;">
<span style="font-family: "arial"; font-size: 14pt;">How do I open
an account with </span><span face=""arial" , "helvetica" , sans-serif" style="font-size: 12pt;"><a href="https://cukweb.currencyuk.co.uk/TradingWeb/joinInit.action?referSource=FPSAIN" style="font-size: 12pt;">Currency
UK</a> ?</span></h2>
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<span class="apple-style-span"><span style="font-family: "arial";">Any private individual or company can open an account through Currency UK. Click the 'Open Account' button on any of the Currency UK pages. You will need to fill in a few pieces of information but it is a very
quick process. In fact, we aim to open your account and have you up and trading
within 5 minutes of you clicking the open account button. Note that we do have
strong anti-money laundering procedures in place.</span></span><br />
<span class="apple-style-span"><span style="font-family: "arial";"><br /></span></span></div>
<h3>
<span style="font-family: "arial"; font-size: 14pt;">What are the
fees, charges and commissions?</span><span style="font-family: "arial"; font-size: 14pt;"><o:p></o:p></span></h3>
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<span class="apple-style-span"><span style="font-family: "arial";">Opening an account is FREE. Trading amounts over £3000 is FREE. Currency UK will wire
your purchased currency to your nominated bank account anywhere in the world
for FREE. Fixing a rate for the future is FREE. Placing an order to be executed
if the currency exchange rate reaches a particular level is FREE, even if you
cancel the order 5 minutes later. Currency UK does not apply any hidden commissions or
fees. The only fee ever charged is if you exchange an amount below
£3000. In this case we will charge you £10 for the telegraphic transfer fee to
deliver your purchased funds to your destination account. Currency UK earns revenue by
applying a small price difference between the exchange rate at which we buy
currencies and the exchange rate at which we sell currencies.</span></span><span class="apple-style-span"><span style="font-family: "arial";"><o:p></o:p></span></span><br />
<span class="apple-style-span"><span style="font-family: "arial";"><br /></span></span></div>
<h3>
<span style="font-family: "arial"; font-size: 14pt;">What are the
maximum & minimum amounts that can be traded ?</span><span style="font-family: "arial"; font-size: 14pt;"><o:p></o:p></span></h3>
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<span class="apple-style-span"><span style="font-family: "arial";">You can trade any amount from £100 or equivalent upwards.</span></span><span class="apple-style-span"><span style="font-family: "arial";"><o:p></o:p></span></span><br />
<span class="apple-style-span"><span style="font-family: "arial";"><br /></span></span></div>
<h3>
<span style="font-family: "arial"; font-size: 14pt;">How will I
know the status of a trade or payment?</span><span style="font-family: "arial"; font-size: 14pt;"><o:p></o:p></span></h3>
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<span class="apple-style-span"><span style="font-family: "arial";">We confirm by email when you have agreed a trade. We confirm by
email when we have received your payment to fund the trade. We confirm by email
when we have sent your purchased currency to your nominated account. You can
log into your account 24 hours per day, 7 days per week to review the status of
your trade. You can contact us anytime to request a status.</span></span><span class="apple-style-span"><span style="font-family: "arial";"><o:p></o:p></span></span><br />
<span class="apple-style-span"><span style="font-family: "arial";"><br /></span></span></div>
<h3>
<span style="font-family: "arial"; font-size: 14pt;">Can I trade
on-line?</span><span style="font-family: "arial"; font-size: 14pt;"><o:p></o:p></span></h3>
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<span class="apple-style-span"><span style="font-family: "arial";">Yes, Currency UK has developed a unique online trading system which is
easy to use yet very powerful. This system is not available through any other
currency broker or bank and is unique.</span></span><span class="apple-style-span"><span style="font-family: "arial";"><o:p></o:p></span></span><br />
<span class="apple-style-span"><span style="font-family: "arial";"><br /></span></span></div>
<h3>
<span style="font-family: "arial"; font-size: 14pt;">Can I trade
via telephone?</span><span style="font-family: "arial"; font-size: 14pt;"><o:p></o:p></span></h3>
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<span class="apple-style-span"><span style="font-family: "arial";">Yes, some of our clients don't like to trade online and prefer to
call or email us.</span></span><span class="apple-style-span"><span style="font-family: "arial";"><o:p></o:p></span></span><br />
<span class="apple-style-span"><span style="font-family: "arial";"><br /></span></span></div>
<h3>
<span style="font-family: "arial"; font-size: 14pt;">Can I fix a
rate for the future?</span><span style="font-family: "arial"; font-size: 14pt;"><o:p></o:p></span></h3>
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<span class="apple-style-span"><span style="font-family: "arial";">Yes, there is no need to be exposed to future currency
fluctuations. You can fix a rate for all major currencies up to one year. When
you fix a rate for the future, we require you to put down a 10% deposit to
secure the future rate. We have to do this in case the exchange rate moves
against us and a client defaults on the trade. Surprisingly, future exchange
rates can sometimes be cheaper than the current exchange rate. It is always
worth checking the future rate of exchange.</span></span><span class="apple-style-span"><span style="font-family: "arial";"><o:p></o:p></span></span><br />
<br /></div>
<h3>
<span style="font-family: "arial"; font-size: 14pt;">Can you
predict future exchange rates for me?</span><span style="font-family: "arial"; font-size: 14pt;"><o:p></o:p></span></h3>
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<span class="apple-style-span"><span style="font-family: "arial";">No and please don't trust anyone that says they can. Anyone who
could accurately predict the currency exchange rates would have a limitless
supply of money and would be living on their own island somewhere. Currency
exchange rates are acknowledged as the most difficult rates to predict within
the financial markets. Treat them with respect and reduce your exposure to
currency fluctuations where ever possible by fixing a rate for the future.</span></span><span class="apple-style-span"><span style="font-family: "arial";"><o:p></o:p></span></span><br />
<span class="apple-style-span"><span style="font-family: "arial";"><br /></span></span></div>
<h3>
<span style="font-family: "arial"; font-size: 14pt;">How do I pay
for my purchased currency?</span><span style="font-family: "arial"; font-size: 14pt;"><o:p></o:p></span></h3>
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<span class="apple-style-span"><span style="font-family: "arial";">The best way to pay for your purchased currency is through
electronic bank wire. Contact your bank and ask them to transfer the required
amount to Currency UK</span></span><br />
<span class="apple-style-span"><span style="font-family: "arial";">bank account held at Barclays Bank in <st1:city w:st="on"><st1:place w:st="on">London</st1:place></st1:city>. Our bank account details can be found
by logging onto our system. If you are based in the <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region>, your bank can provide the
FASTER PAYMENT SYSTEM and this normally takes less than two hours. If you are
based outside of the <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region>,
your bank can provide a SWIFT payment.</span></span><span class="apple-style-span"><span style="font-family: "arial";"><o:p></o:p></span></span><br />
<span class="apple-style-span"><span style="font-family: "arial";"><br /></span></span></div>
<h3>
<span style="font-family: "arial"; font-size: 14pt;">How do I
receive my purchased currency?</span><span style="font-family: "arial"; font-size: 14pt;"><o:p></o:p></span></h3>
<div class="MsoNormal">
<span class="apple-style-span"><span style="font-family: "arial";">Currency UK will transfer your purchased currency to your nominated bank
account anywhere in the world using the fastest electronic bank wire method
available for the receiving country. Outgoing payments are cleared the same day
in the <st1:country-region w:st="on">UK</st1:country-region> and same or next
day in the <st1:country-region w:st="on">US</st1:country-region> and <st1:place w:st="on">Europe</st1:place>. Allow 1-2 days for payments to clear outside of
the <st1:country-region w:st="on">UK</st1:country-region>, Europe and the <st1:country-region w:st="on"><st1:place w:st="on">US</st1:place></st1:country-region>. However, we
are always seeking to improve our service to clients and recently we have
cleared payments to <st1:country-region w:st="on"><st1:place w:st="on">China</st1:place></st1:country-region>
the same day so don't be surprised if your payment arrives earlier than
expected.</span></span><span class="apple-style-span"><span style="font-family: "arial";"><o:p></o:p></span></span><br />
<span class="apple-style-span"><span style="font-family: "arial";"><br /></span></span></div>
<h3>
<b><span style="font-family: "arial"; font-size: 14pt;"> Financial Pages in Spain</span></b></h3>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span class="apple-style-span"><span style="font-family: "arial";">Though Financial Pages in <st1:country-region w:st="on">Spain</st1:country-region>
is a website and Blog for British and Irish expats and property owners in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place>, we can <b>also</b> offer trading in <b>Worldwide
currencies </b>through our preferred supplier <b><o:p></o:p></b></span></span><a href="https://cukweb.currencyuk.co.uk/TradingWeb/joinInit.action?referSource=FPSAIN" style="font-family: arial, helvetica, sans-serif; font-size: 16px;">Currency UK</a><span face=""arial" , "helvetica" , sans-serif" style="font-size: 16px;"> </span><br />
<span class="apple-style-span"><span style="font-family: "arial";"><b><br /></b></span></span></div>
<div class="MsoNormal">
<h3 style="text-align: left;">
<b><span face=""arial" , "helvetica" , sans-serif">YOUR link </span></b><a href="https://cukweb.currencyuk.co.uk/TradingWeb/joinInit.action?referSource=FPSAIN"><b><span face=""arial" , "helvetica" , sans-serif" style="font-size: small;">Currency
UK</span></b></a></h3>
<h3>
<o:p></o:p></h3>
</div>
<h3>
</h3>
<div class="MsoNormal">
<br />
<br /></div>
<div class="MsoNormal">
<span style="color: red; font-family: "arial"; font-size: 14pt;">David
Goodall<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="color: red; font-family: "arial"; font-size: 14pt;">Financial
Pages in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region><o:p></o:p></span></div>
<br />
<div class="MsoNormal">
<span style="color: red; font-family: "arial"; font-size: 14pt;"><a href="mailto:davidgoodall.spain@gmail.com">davidgoodall.spain@gmail.com</a><o:p></o:p></span></div>
</div>
Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-63869563760982296132020-07-26T13:41:00.000+02:002020-07-26T13:45:19.313+02:00Hidden costs & charges<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="color: red; font-size: 14pt;">Are you paying for
something you’re not receiving?<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b>Renewal
commission<o:p></o:p></b></li>
</ul>
<div class="MsoNormal">
<br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b>‘Trail’
commission<o:p></o:p></b></li>
</ul>
<div class="MsoNormal">
<br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b>Ongoing
‘adviser’ costs<o:p></o:p></b></li>
</ul>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b>Please note:</b></div>
<div class="MsoNormal">
<div style="text-align: left;">
If you have an excellent
Financial Adviser who not only did a great job for you in the first place but
continues to give you service, this <b>does
not apply to you!<o:p></o:p></b></div>
</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
How closely do you look at
statements you receive from your investment company or pension plan provider?
Is there a charge for ongoing service by the adviser who set up the plan?<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Do you receive a service from
your adviser? Do you even remember who was the adviser?<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Many people tell me that
they don’t! So why are you paying? Well it’s in the fine print, in the Terms
& Conditions which you signed. That doesn’t mean you can do nothing about
it. If you don’t know if there’s a charge and receive <b>no service </b>you can still write to the company concerned and ask
them to stop any payment from your account, plan or pension.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b>Financial Pages in Spain</b> can also offer you a way out. You can ask for a review with a fully <b>qualified</b>, correctly <b>regulated</b> and <b>professional</b> adviser. Let us know your details, the details of your plan or policy plus the name &
address of the investment company, insurance, QROPS or pension provider. If you
have doubts just ask.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
I hope that you have a good
adviser, one you can trust and who gives you good service but I want to help
you with the ones who <b>don’t.<o:p></o:p></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Just <b><span style="font-family: "arial" , sans-serif;"><a href="mailto:davidgoodall.spain@gmail.com">EMAIL</a></span></b> if you have any queries<br />
<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="color: red; font-size: 16pt;">David Goodall<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span style="color: red; font-size: 16pt;">Financial Pages in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region><o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="color: red; font-size: 14pt;"><a href="mailto:davidgoodall.spain@gmail.com">Email</a><o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="color: red; font-size: 14pt;"><a href="https://www.facebook.com/financialpagesinspain">Facebook</a><o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-size: 14pt;">Additional reading:<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level1 lfo2; tab-stops: list 36.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 14.0pt;">·<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal;">
</span></span><!--[endif]--><b><span style="font-size: 14pt;"><a href="http://expatsfrombritain.blogspot.co.uk/2013/12/unauthorised-advisers.html">Unauthorised
Advisers</a><o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level1 lfo2; tab-stops: list 36.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 14.0pt;">·<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal;">
</span></span><!--[endif]--><b><span style="font-size: 14pt;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/05/financial-pages-in-spain-favourites.html">Readers’
Favourites</a><o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level1 lfo2; tab-stops: list 36.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 14.0pt;">·<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal;">
</span></span><!--[endif]--><b><span style="font-size: 14pt;"><a href="http://expatsfrombritain.blogspot.co.uk/2011/09/la-torre-fx-foreign-exchange.html">Foreign
Exchange – Beat the Bank</a><o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<br />
<div class="MsoNormal">
<br /></div>
</div>
Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-19912120354733583312020-06-07T18:00:00.000+02:002020-07-23T13:07:50.656+02:00FLIGHT DELAYS: EU 261 Compensation<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal">
<span style="color: red;"><span style="font-size: 18.6667px;"><b>Victory in the Courts means YOU can win more easily but.....</b></span></span><br />
<b><span style="color: red;"><span style="font-size: 18.6667px;"><br /></span></span>
<span style="color: red;"><span style="font-size: 18.6667px;">Caution: This is an EU scheme which may not be available after the year end</span></span></b><br />
<b><span style="color: red;"><span style="font-size: 18.6667px;"><br /></span></span>
<span style="color: red;"><span style="font-size: 18.6667px;"><span style="color: red;"> </span> </span>* Airlines won't pay if they don't have to</span></b><br />
<b><span style="color: red;"><br /></span>
<span style="color: red;"> * If you have a claim to make - do it now!</span></b><br />
<b><span style="color: red;"><br /></span>
<span style="color: red;"> * If you get delayed before the year end - CLAIM</span></b><br />
<span style="color: red;"><span style="font-size: 18.6667px;"><b><br /></b></span></span>
<span style="color: red;"><span style="font-size: 18.6667px;"><b>If you are not certain, this is how they used to be<span style="color: red;"> before</span> EU 261</b></span></span></div>
<div class="MsoNormal">
<br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b>At
first they all denied responsibility<o:p></o:p></b></li>
</ul>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b>Then
Easyjet lost a Court case and Ryanair ‘considered’ an appeal but didn't!<o:p></o:p></b></li>
</ul>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b>Finally I got paid €400 compensation and took ages but YOURS will be much quicker and could be MORE € than mine</b></li>
</ul>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: red; font-size: large;"><b>Regular Operators to Spain</b></span><br />
<b><br /></b>
<br />
<div style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-element: para-border-div; padding: 1.0pt 4.0pt 1.0pt 4.0pt;">
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<b><span style="font-size: 16pt;">Flight Delay
Compensation</span></b><br />
<b><br /></b>
<b>You
should, in the first instance, contact the airline concerned</b></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<br /></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<b><span style="font-size: 14pt;">Airline links;<o:p></o:p></span></b><br />
<b><span style="font-size: 14pt;"><br /></span></b>
<br />
<div class="MsoNormal">
<b><span style="font-size: 12.0pt; line-height: 107%;">British Airways: <a href="https://www.britishairways.com/travel/custrelform/public/en_gb">Customer
Compensation</a><o:p></o:p></span></b></div>
</div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<br /></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<b>Ryanair <a href="https://eu261claims.ryanair.com/">https://eu261claims.ryanair.com/</a><o:p></o:p></b></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<br /></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<b>Easyjet
<a href="http://www.easyjet.com/en/help/at-the-airport/delay-and-cancellations">http://www.easyjet.com/en/help/at-the-airport/delay-and-cancellations</a></b></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<br /></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<b>Jet2.Com Send booking details by email to <u><span style="color: blue;"><a href="mailto:customer.service@jet2.com"><span style="background: white; border: none windowtext 1.0pt; mso-bidi-font-weight: bold; mso-border-alt: none windowtext 0cm; padding: 0cm;">customer.service@jet2.com</span></a></span></u></b></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<br /></div>
<div class="MsoNormal" style="border: none; mso-border-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 4.0pt 1.0pt 4.0pt; padding: 0cm;">
<b><span style="font-size: large;">The process should be quick thanks to EU 261 </span></b><br />
<b><br /></b></div>
</div>
<br /></div>
<div class="MsoNormal">
<b> <span style="font-size: medium;">Your entitlement should be settled very quickly, let me know if it isn't!</span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="color: red; font-size: 14pt;">David Goodall<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span style="color: red; font-size: 14pt;">Financial Pages in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region></span></b><b><span style="color: red; font-size: 14pt;"> </span></b></div>
<div class="MsoNormal">
<b><span style="color: red; font-size: 14pt;"><a href="https://www.facebook.com/financialpagesinspain">Facebook</a><o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><br /></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b>Further <st1:city w:st="on"><st1:place w:st="on">Reading</st1:place></st1:city>:<o:p></o:p></b><br />
<b><br /></b></div>
<div class="MsoNormal">
<b><a href="http://expatsfrombritain.blogspot.co.uk/2011/09/la-torre-fx-foreign-exchange.html"> Foreign Exchange – beating the banks</a></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><a href="http://expatsfrombritain.blogspot.co.uk/2013/09/moving-to-spain.html">Moving
to Spain?</a><o:p></o:p></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><a href="http://expatsfrombritain.blogspot.co.uk/2014/05/financial-pages-in-spain-favourites.html">Financial
Pages in Spain – Readers’ Favourites</a><o:p></o:p></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<br />
<div class="MsoNormal">
<br /></div>
</div>
Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-57140509040765254102019-12-30T12:44:00.000+01:002020-04-14T15:38:19.213+02:00Professional Advice - Always Best <div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal">
<b><span style="color: red; font-family: "arial"; font-size: 14.0pt;">Regulated, Qualified and Professional
Advice<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "arial";">If <b>you </b>need advice, please <b><a href="mailto:davidgoodall.spain@gmail.com">email</a></b> me.<o:p></o:p></span><br />
<span style="font-family: "arial";"><br /></span><span style="color: blue; font-family: "arial";"><span style="background-color: white; font-family: "verdana" , sans-serif; font-size: medium;">UPDATED APRIL 2020</span></span><br />
<span style="color: blue; font-family: "arial";"><span style="background-color: white; font-family: "verdana" , sans-serif; font-size: medium;">'In these difficult times it's good to know that you can see an adviser with modern technology. After initial contact by email, phone and text, but only if necessary, it is possible to make video calls'</span></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "arial";">My own connections included
the following professionals;<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="font-family: "arial";">Regulated
financial advisers<o:p></o:p></span></b></li>
</ul>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">There
are many people and organisations who call themselves ‘financial advisers’
without any qualifications and no regulatory body.
I will only recommended regulated and fully qualified advisers who’s services I
have checked.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">Value
for money comes from open and clear commissions and charges declared in an
honest way. Hidden charges and undeclared commissions should always be avoided.
For a referral to a suitably qualified & regulated adviser, please <a href="mailto:davidgoodall.spain@gmail.com">email</a> me.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">Due Diligence is <b>vital</b></span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="font-family: "arial";">Suitably
qualified accountants and professional lawyers<o:p></o:p></span></b></li>
</ul>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">Both
the <st1:placetype w:st="on">Institute</st1:placetype> of <st1:placename w:st="on">Chartered
Accountants</st1:placename> and the Law Society have qualified professionals
working in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>.
Whilst you may have a good local source for advice, the professional standing
of these people cannot be denied. If you need a referral, please <a href="mailto:davidgoodall.spain@gmail.com">email</a> me.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">You
are further protected as all qualified professionals will carry ‘Professional
Indemnity Insurance’ (PI) just in case anything goes wrong.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">Unless
your situation is very complex, I would expect most professionals to give you
an estimate of costs <b>upfront</b>.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="font-family: "arial";">Chartered
surveyors in Spain<o:p></o:p></span></b></li>
</ul>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">Similarly,
I can recommend <st1:place w:st="on"><st1:country-region w:st="on">UK</st1:country-region></st1:place>
qualified Surveyors. Please <a href="mailto:davidgoodall.spain@gmail.com">email</a>
me to be referred<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 18.0pt;">
<br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="font-family: "arial";">Estate
Agents</span></b><span style="font-family: "arial";"><o:p></o:p></span></li>
</ul>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">This
is an area of service which is by definition very local. You could already know
of a local estate agent with a good local reputation. If this is not the case I
can recommend you to a Member of the Association of International Property
Professionals.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="font-family: "arial";">Company
formation for property ownership</span></b><span style="font-family: "arial";"><o:p></o:p></span></li>
</ul>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">This
is a very specialised service and is often used to save on Spanish Inheritance
Tax (ISD). There is a service on my blog under the heading ‘<b>Check your Spanish Inheritance Tax
Liability</b>’ to the right of this article.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">The
service involves the formation of a <st1:country-region w:st="on">UK</st1:country-region>
company to own a property in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>.
It involves <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region>
law for the formation of the company and Spanish contracts, translations and
knowledge of Spanish law. For this reason, the company concerned has offices in
both <st1:country-region w:st="on">UK</st1:country-region> and <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place>.<o:p></o:p></span></div>
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<br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="font-family: "arial";">Foreign
Exchange<o:p></o:p></span></b></li>
</ul>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">I
set up <b>La Torre Fx – Foreign Exchange </b>with
the<b> </b>specific objective of beating
the banks. This is a service and it is worth checking out, with easy access on
the right of the blog.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<b><span style="font-family: "arial";">La Torre Fx – Foreign Exchange</span></b><span style="font-family: "arial";"> is linked to a highly professional ‘trading
platform’ provided by FTT Global. All of the necessary regulations are in
place;<o:p></o:p></span></div>
<h3 style="margin-left: 36pt; text-align: left;">
<span style="font-family: "arial"; font-size: 12pt;">Key Facts about FTT
Global</span><span style="font-family: "arial"; font-size: 12pt;">:<o:p></o:p></span></h3>
<div style="margin-left: 36.0pt; mso-list: l5 level1 lfo2; tab-stops: list 36.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 10pt;">·<span style="font-family: "times new roman"; font-size: 7pt;">
</span></span><!--[endif]--><span style="font-family: "arial";">Registered
in the <st1:place w:st="on"><st1:country-region w:st="on">United Kingdom</st1:country-region></st1:place>
- Company Number 5685288<o:p></o:p></span></div>
<div style="margin-left: 36.0pt; mso-list: l4 level1 lfo3; tab-stops: list 36.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 10pt;">·<span style="font-family: "times new roman"; font-size: 7pt;">
</span></span><!--[endif]--><span style="font-family: "arial";">Regulated
by FCA - Registration Number 503228<o:p></o:p></span></div>
<div style="margin-left: 36.0pt; mso-list: l6 level1 lfo4; tab-stops: list 36.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 10pt;">·<span style="font-family: "times new roman"; font-size: 7pt;">
</span></span><!--[endif]--><span style="font-family: "arial";">Regulated
by HMRC - Registration Number 12231114<o:p></o:p></span></div>
<div style="margin-left: 36.0pt; mso-list: l0 level1 lfo5; tab-stops: list 36.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 10pt;">·<span style="font-family: "times new roman"; font-size: 7pt;">
</span></span><!--[endif]--><span style="font-family: "arial";">Registered
for Client Data Protection - ICO Number Z9470988<o:p></o:p></span></div>
<div style="margin-left: 36.0pt; mso-list: l2 level1 lfo6; tab-stops: list 36.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 10pt;">·<span style="font-family: "times new roman"; font-size: 7pt;">
</span></span><!--[endif]--><span style="font-family: "arial";">Underwritten
by A Rated Insurer<o:p></o:p></span></div>
<div style="margin-left: 36.0pt; mso-list: l3 level1 lfo7; tab-stops: list 36.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="font-family: "symbol"; font-size: 10pt;">·<span style="font-family: "times new roman"; font-size: 7pt;">
</span></span><!--[endif]--><span style="font-family: "arial";">Corporate
Bankers - Barclays Bank PLC<o:p></o:p></span></div>
<div style="margin-left: 36.0pt; mso-list: l1 level1 lfo1; tab-stops: list 36.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="font-family: "symbol"; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">·<span style="font-family: "times new roman"; font-size: 7pt;">
</span></span><!--[endif]--><span style="font-family: "arial";"><a href="https://www.fttcurrency.co.uk/fpspain.jsp">Get the best rate today</a><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "arial";">If you <a href="mailto:davidgoodall.spain@gmail.com">email</a> please let me know your
question and where you live. I may be able to answer myself, just point you in
the right direction or refer you to a suitably qualified person.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "arial";">Please remember that my Blog
is about unbiased, factual financial information. You can look elsewhere for
information but remember that an advert will certainly be biased towards the
company who paid for it. I have no problem with that but remember it’s biased!<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="color: red; font-family: "arial"; font-size: 14.0pt;">David Goodall<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span style="color: red; font-family: "arial"; font-size: 14.0pt;">Financial Pages in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region><o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span style="font-family: "arial"; font-size: 14.0pt;"><a href="mailto:davidgoodall.spain@gmail.com">davidgoodall.spain@gmail.com</a><o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<h3 style="text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Also Recommended:</span></h3>
<div>
<div class="MsoNormal">
<a href="http://expatsfrombritain.blogspot.com/2019/05/financial-advisers-must-be-qualified.html">Qualified
Financial Advisers</a><span class="MsoHyperlink"><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<a href="http://expatsfrombritain.blogspot.com/2014/05/financial-pages-in-spain-favourites.html">Readers’
Favourites</a><o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span class="MsoHyperlink"><a href="http://expatsfrombritain.blogspot.com/2019/08/beware-newspaper-articles-may-not.html">Newspaper
Adverts</a></span><o:p></o:p></div>
</div>
<div>
<br /></div>
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<br /></div>
</div>
Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-9906470558626891582019-11-20T09:00:00.000+01:002019-11-20T10:07:45.026+01:00UK Misplaced, forgotten and lost Accounts<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal">
<b><span style="color: red; font-family: "arial" , "helvetica" , sans-serif;">Please pass on to your
family, friends and colleagues</span></b><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b><span style="color: red;"><br /></span></b>
<b><span style="color: blue;">UPDATE</span></b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 14pt;"> <o:p></o:p></span></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="font-family: "arial" , "helvetica" , sans-serif;">Pensions
– company or personal <o:p></o:p></span></b></li>
<li class="MsoNormal"><b><span style="font-family: "arial" , "helvetica" , sans-serif;">Insurance
Policies<o:p></o:p></span></b></li>
<li class="MsoNormal"><b><span style="font-family: "arial" , "helvetica" , sans-serif;">Bank
Accounts<o:p></o:p></span></b></li>
<li class="MsoNormal"><b><span style="font-family: "arial" , "helvetica" , sans-serif;">Building
Society savings<o:p></o:p></span></b></li>
<li class="MsoNormal"><b><span style="font-family: "arial" , "helvetica" , sans-serif;">Premium
Bonds<o:p></o:p></span></b></li>
<li class="MsoNormal"><b><span style="font-family: "arial" , "helvetica" , sans-serif;">Shares<o:p></o:p></span></b></li>
<li class="MsoNormal"><b><span style="font-family: "arial" , "helvetica" , sans-serif;">Inheritances<o:p></o:p></span></b></li>
</ul>
<div class="MsoNormal">
<span style="color: blue; font-family: "arial" , "helvetica" , sans-serif;">The major cause of people being parted from their accounts and other assets is <b>CHANGE OF ADDRESS, this makes this a very important topic for EXPATS</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<b><span style="font-family: "arial" , "helvetica" , sans-serif;">A few straightforward checks can be extremely
valuable<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;">One of the most obvious
sources of lost accounts is banks and building societies. For those of you who
have moved, especially to another country, it is easy to forget an old account.
If you have lost accounts or think you may have unclaimed assets, as long as
you can identify yourself, you can reclaim <b>your
money.<o:p></o:p></b></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Financial institutions have
literally <b>billions of pounds</b> in
unclaimed assets, waiting for their rightful owners to collect. Did you know
that uncollected inheritances, in the <st1:country-region w:st="on">UK</st1:country-region>, go to the HM Treasury?<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;">If you have pensions you
cannot trace, then a financial adviser may be able to help. Many companies have
been taken over or merged and can be difficult to trace. I will recommend a
regulated adviser if you <a href="mailto:davidgoodall.spain@gmail.com">email</a>
me. Finding a lost pension plan could be valuable but equally if it is said to
be ‘trivial’ you may get the benefit <b>in
cash</b><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;">The same is also true about
life assurance. It’s amazing how many ‘household’ names of a few years ago no
longer exist. You might even benefit from a deceased relative but you don’t
know you’re a beneficiary and the Life Company doesn’t know you exist.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;">National Savings &
Investments (NS&I) is a UK Government company which, amongst other things,
runs <b>Premium Bonds</b>. They recently
carried out a survey of people which found that the main reason for claims,
after the event, was <b>change of address</b>.
It’s easy to forget one or two items, when moving house or <b>emigrating! </b><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Just as it’s easy to forget,
it’s also easy to <b>trace & claim</b>.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;">I can give you four sources
where you can look, that I have checked;</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">There are more that I am aware of but most also have charges, including one below</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<br />
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://www.mylostaccount.org.uk/">www.mylostaccount.org.uk</a><o:p></o:p></span></b></li>
</ul>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://www.unclaimedassets.co.uk/">www.unclaimedassets.co.u</a>k</span></b></li>
</ul>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://www.findmylostpension.com/">www.findmylostpension.com</a><o:p></o:p></span></b></li>
</ul>
<div class="MsoNormal">
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://www.uar.co.uk/">www.uar.co.uk</a> (Try this last as there may be a
charge)<o:p></o:p></span></b></li>
</ul>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<br />
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<span style="color: red; font-family: "arial" , "helvetica" , sans-serif;">What’s more you
could be doing your family, friends and neighbours a great favour by passing on
this information. You just never know……….</span></div>
</div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
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<b><span style="color: red; font-family: "arial" , "helvetica" , sans-serif;">David Goodall<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span style="color: red; font-family: "arial" , "helvetica" , sans-serif;">Financial Pages in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region><o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span style="color: red; font-family: "arial" , "helvetica" , sans-serif;"><a href="https://www.facebook.com/financialpagesinspain">Facebook</a><o:p></o:p></span></b></div>
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<b><span style="color: red; font-family: "arial" , "helvetica" , sans-serif;"><a href="mailto:davidgoodall.spain@gmail.com">davidgoodall.spain@gmail.com</a><o:p></o:p></span></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
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<b><span style="font-family: "arial" , "helvetica" , sans-serif;">Additional <st1:city w:st="on"><st1:place w:st="on">Reading</st1:place></st1:city>:<o:p></o:p></span></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
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<b><span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/05/financial-pages-in-spain-favourites.html"><span style="color: blue;">Readers’
Favourites</span></a><o:p></o:p></span></b></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></div>
<div class="MsoNormal">
<b><span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/02/financial-healthcheck.html">Financial
Healthcheck</a><o:p></o:p></span></b></div>
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Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-41720380966715975122019-11-01T17:00:00.001+01:002020-12-06T14:00:24.913+01:00Getting a Highly Qualified second opinion<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal"><span style="font-family: arial;"><b><span face="Arial, Helvetica, sans-serif" style="color: red; font-size: 14pt;">Many changes will take place from January 2021.</span></b></span></div><div class="MsoNormal"><span style="font-family: arial;"><b><span face="Arial, Helvetica, sans-serif" style="font-size: 14pt;">Financial Pages in Spain undertakes 'DUE DILIGENCE' to ensure that ALL financial advisers and their firms are correctly qualified, authorised and regulated and have the necessary experience and knowledge.</span></b></span></div><div class="MsoNormal"><span style="font-family: arial;"><b><span face="Arial, Helvetica, sans-serif" style="color: red; font-size: 14pt;"><br /></span></b></span></div><div class="MsoNormal"><span style="font-family: arial;"><b><span face="Arial, Helvetica, sans-serif" style="color: red; font-size: 14pt;"><br /></span></b></span></div><div class="MsoNormal">
<span style="font-family: arial;"><b><span face="Arial, Helvetica, sans-serif" style="color: red; font-size: 14pt;">APRIL 2020 UPDATE;</span></b><br />
<span face="verdana, sans-serif" style="background-color: white; font-size: medium;"><span style="color: blue;">In these difficult times it's good to know that you can see an adviser with modern technology. After initial contact by email, phone and text, but only if necessary, it is possible to make video calls</span></span><br />
<b><span face="Arial, Helvetica, sans-serif" style="color: red; font-size: 14pt;"><br /></span></b>
<b><span face="Arial, Helvetica, sans-serif" style="color: red; font-size: 14pt;">Financial Pages in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region> is happy
to provide this service, referring you to a qualified, regulated and independent financial adviser</span></b></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;">I have been finding for
sometime that many people come to me for a ‘second opinion’ For many differing
reasons but they are unhappy with the advice they have been given and <a href="mailto:davidgoodall.spain@gmail.com">send</a> me examples. <o:p></o:p></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;">Rather than guesswork people
also ask me to recommend Accountants, Lawyers, Surveyors and other
professionals.<o:p></o:p></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;">Some of the things people
have said to me:<o:p></o:p></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span face="Arial, Helvetica, sans-serif" style="font-family: arial;">‘
It looked like a mass produced report with just my name and personal details changed’<o:p></o:p></span></b></li>
</ul>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span face="Arial, Helvetica, sans-serif" style="font-family: arial;">‘ They
wanted an up front fee even to talk to me, funny they never mention that
in their adverts’<o:p></o:p></span></b></li>
</ul>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span face="Arial, Helvetica, sans-serif" style="font-family: arial;">‘ I
wasn’t convinced the advice was correct’<o:p></o:p></span></b></li>
</ul>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;">But they trust ‘Financial
Pages in <st1:country-region w:st="on">Spain</st1:country-region>’
and I am receiving comments which show a great deal of respect. I’ll try to help<a href="mailto:davidgoodall.spain@gmail.com">. </a><b style="color: #222222; font-size: 15.444px; text-align: justify;"><span style="color: blue; font-size: 13.5pt;">Email me </span></b>In return I refer readers of Financial Pages in Spain to advisers who pass a strict <b>DUE DILIGENCE</b> test. </span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><o:p></o:p></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;">Can you help me to help you?<o:p></o:p></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span face="Arial, Helvetica, sans-serif" style="font-family: arial;">Please
send me both good and bad examples of reports you have received, from
financial advisers, I’ll respect your privacy</span></b></li>
<li class="MsoNormal"><b><span face="Arial, Helvetica, sans-serif" style="font-family: arial;">Tell
me the names of Advisers who've given you bad advice<o:p></o:p></span></b></li>
<li class="MsoNormal"><b><span face="Arial, Helvetica, sans-serif" style="font-family: arial;">If the
fees, charges and commissions are hidden in a report and not openly
disclosed, please send examples<o:p></o:p></span></b></li>
</ul>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;">This sort of information
will <b>help everyone</b> and help
eradicate some of the greedy practices.<o:p></o:p></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;">I may not have intended it
when I started out but it seems that Financial Pages in <st1:country-region w:st="on">Spain</st1:country-region> is
becoming the respected <b>second opinion.</b><o:p></o:p></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<div align="center" class="MsoNormal" style="text-align: center;">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;">* * * * * * *<o:p></o:p></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: arial;"><span face="Arial, Helvetica, sans-serif">Whatever your query, please contact <b style="color: #222222; font-size: 15.444px; text-align: justify;"><span style="color: blue; font-size: 13.5pt;">Email me</span></b></span><br />
<span face="Arial, Helvetica, sans-serif"> is on this <a href="mailto:davidgoodall.spain@gmail.com">link</a><o:p></o:p></span></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<b><span face="Arial, Helvetica, sans-serif" style="color: red; font-family: arial; font-size: 14pt;">David Goodall<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span face="Arial, Helvetica, sans-serif" style="color: red; font-family: arial; font-size: 14pt;">Financial Pages in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place><o:p></o:p></span></b></div>
<span style="font-family: arial;"><span face="Arial, Helvetica, sans-serif"><br /></span>
</span><div class="MsoNormal">
<div class="MsoNormal" style="background-color: white; color: #222222; font-size: 15.444px; font-weight: 700; line-height: normal; margin-bottom: 0.0001pt; text-align: justify;">
<b><span face="Arial, Helvetica, sans-serif" style="color: blue; font-family: arial; font-size: 13.5pt;">Email me</span></b></div>
<div>
<b><span face="Arial, Helvetica, sans-serif" style="color: blue; font-family: arial; font-size: 13.5pt;"><br /></span></b></div>
<span style="font-family: arial;"><span face="Arial, Helvetica, sans-serif"><b><span style="color: red; font-size: 14pt;"><a href="mailto:davidgoodall.spain@gmail.com"><br /></a></span></b>
<b><span style="color: red; font-size: 14pt;"><a href="mailto:davidgoodall.spain@gmail.com"><br /></a></span></b>
</span><br />
</span><div class="MsoNormal">
<b><span face="Arial, Helvetica, sans-serif" style="font-family: arial; font-size: 14pt;">Further <st1:city w:st="on">Reading</st1:city>
from Financial Pages in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region><o:p></o:p></span></b></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<b><span face="Arial, Helvetica, sans-serif" style="font-family: arial; font-size: 14pt;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/05/scam-watch.html">Scam
Watch</a><o:p></o:p></span></b></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
<div class="MsoNormal">
<b><span face="Arial, Helvetica, sans-serif" style="font-family: arial; font-size: 14pt;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/05/financial-pages-in-spain-favourites.html">Readers’
Favourites</a><o:p></o:p></span></b></div>
<div class="MsoNormal">
<span face="Arial, Helvetica, sans-serif" style="font-family: arial;"><br /></span></div>
</div>
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<br /></div>
</div>
Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-61653941261179955912019-05-23T18:00:00.000+02:002019-08-19T16:27:05.696+02:00Financial Healthcheck<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b>UPDATE:</b></span><br />
<div class="MsoNormal">
<span style="color: red; font-family: "arial"; font-size: 14.0pt;"><br /></span>
<span style="color: red; font-family: "arial"; font-size: 14.0pt;">If
someone referred you to an unqualified quack doctor you wouldn’t thank them for
it, would you? <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="color: red; font-family: "arial"; font-size: 14.0pt;">Well
here’s a deal: I’ll never send you to an unqualified, unregulated financial
adviser and I will check them out beforehand. Also, I promise you <b><i>there
will be NO upfront charges. <o:p></o:p></i></b></span><b><span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="mailto:davidgoodall.spain@gmail.com">My Email</a> </span></b></div>
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<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: "arial";">Background<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: "arial";">The peak year for house
purchases by UK & Irish citizens in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region> was 2006. Expanding equity in
main residences fuelled the desire to buy second homes, many with the specific
intention of retiring to <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>.
Let’s call it <b>living the dream</b>!<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "arial";">Many emigrated with the
specific intention of making <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>
their permanent home. Why is this important? Many non-residents are also
affected. Let’s look at what has changed since 2006<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: "arial";">Major Changes<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: "arial";">How many of you readers are
affected by one or more of the following changes?<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<ul style="text-align: left;">
<ul><ul>
<li><span style="font-family: "arial";">Exchange rates</span></li>
</ul>
</ul>
</ul>
<ol start="1" style="margin-top: 0cm;" type="1">
</ol>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">I
made a comparison of mid February 2006 to 2019. Using a sum of £500, say a
monthly income or pension the exchange rate reduced. €734 in 2006 became €560 in 2019. <o:p></o:p></span><br />
<br /></div>
<ul style="text-align: left;">
<ul><ul>
<li><span style="font-family: "arial";">Interest rates</span></li>
</ul>
</ul>
</ul>
<ol start="2" style="margin-top: 0cm;" type="1">
</ol>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">If
you have savings or investments based on interest rates, you won’t need me to
spell it out. Have you considered any alternatives? This would be a vital part a Financial Healthcheck with a fully qualified adviser. <o:p></o:p></span><a href="mailto:davidgoodall.spain@gmail.com">My Email</a><br />
<div class="MsoNormal">
<span class="MsoHyperlink"> </span><o:p></o:p></div>
</div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">Interest
rates that affect us are set by the European Central Bank and Bank of England and at present, low rates are likely to continue <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<ul style="text-align: left;">
<ul><ul>
<li><span style="font-family: "arial";">Mortgages</span></li>
</ul>
</ul>
</ul>
<ol start="3" style="margin-top: 0cm;" type="1">
</ol>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">If
interest rates are low, this must be good for mortgages, so you would think.
However, there are two factors which cloud this issue;<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<ol start="3" style="margin-top: 0cm;" type="1">
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><span style="font-family: "arial";">Because of past mistakes, which lead to bank
closures, it can difficult to get a mortgage.<o:p></o:p></span></li>
<li class="MsoNormal"><span style="font-family: "arial";">Many people, especially those who borrowed high
percentages often can’t get out of deals they made in earlier years. If
you are paying more than 2.25% you definitely need a review<o:p></o:p></span></li>
</ul>
</ol>
<div class="MsoNormal" style="margin-left: 54.0pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">The
mortgage market has changed substantially in the 13 years since 2006. If you need help with getting a mortgage I can put you in touch with a major company who have been successful in the past </span><a href="mailto:davidgoodall.spain@gmail.com">My Email</a><br />
<div class="MsoNormal">
<span class="MsoHyperlink"> </span><o:p></o:p></div>
</div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
</div>
<ol start="4" style="margin-top: 0cm;" type="1">
</ol>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";"><br /></span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<div style="text-align: left;">
</div>
<ul style="text-align: left;"><ul>
<li><span style="font-family: "arial";"> UK Pension Schemes</span></li>
</ul>
</ul>
</div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";"><br /></span>
<span style="font-family: "arial";">If
you have emigrated or plan to, then it helps to know and understand your
existing scheme. The rules which are ‘set in stone’ in the <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region> may be very
different if you seek a transfer. This often surrounds retirement age. There
have been many changes in the past few years with new ones planned.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">One
of the values of a Financial Healthcheck is for the adviser to understand and
tell you exactly what you have now and to compare with the alternatives. The
Financial Conduct Authority (FCA) is very strict
about pension transfers. You should fully understand your rights & options. To help this, I only ever recommend QUALIFIED and fully INDEPENDENT financial advisers.<o:p></o:p></span><a href="mailto:davidgoodall.spain@gmail.com">My Email</a><br />
<div class="MsoNormal">
<span class="MsoHyperlink"> </span><o:p></o:p></div>
</div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<ul style="text-align: left;">
<ul><ul>
<li><span style="font-family: "arial";">QROPS and other OPTIONS</span></li>
</ul>
</ul>
</ul>
<ol start="5" style="margin-top: 0cm;" type="1">
</ol>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">The
concept of QROPS became available in 2006 but did not really have a market
until 2008. Along the way, there have been many major changes and 11 year old schemes are hardly recognisable today and almost CERTAINLY need reviewing by a PENSIONS SPECIALIST.</span><br />
<span style="font-family: "arial";"><br /></span>
<span style="font-family: "arial";">In 2019, whilst QROPS suit many expats, International SIPP's are often a very realistic option. </span><span style="font-family: "arial" , "helvetica" , sans-serif;">Unless your adviser considers ALL OPTIONS then you have NOT received best advice.</span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">Remember
QROPS or SIPP's are a <st1:place w:st="on"><st1:country-region w:st="on">UK</st1:country-region></st1:place>
pension transfer and NEED regulated specialist advice plus a comparison with alternative options. Ask me for a referral </span><a href="mailto:davidgoodall.spain@gmail.com">My Email</a><br />
<div class="MsoNormal">
<span class="MsoHyperlink"> </span><o:p></o:p></div>
<span style="font-family: "arial";"><br /></span></div>
<st1:place w:st="on"></st1:place><br />
<ul style="text-align: left;">
<ul><ul>
<li><st1:place w:st="on"><st1:country-region w:st="on"><span style="font-family: "arial";"> UK</span></st1:country-region></st1:place><span style="font-family: "arial";"> & Spanish Inheritance Tax</span></li>
</ul>
</ul>
</ul>
<ol start="8" style="margin-top: 0cm;" type="1">
</ol>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">This
subject is so complex that it cannot be dealt with in a paragraph.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">The
headline topic for me is that Spanish ISD is levied on the death of the first
spouse or partner. It’s bad enough becoming a widow(er) without having to pay a
tax too! This can be avoided by careful planning. I will put you in touch with a suitably qualified adviser <o:p></o:p></span><a href="mailto:davidgoodall.spain@gmail.com">My Email</a><br />
<div class="MsoNormal">
<span class="MsoHyperlink"> </span><o:p></o:p></div>
</div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">It’s
also important to understand the difference between residency and domicile
which affects these two taxes in a major way.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<span style="font-family: "arial";">One
factor which affects most <st1:country-region w:st="on">UK</st1:country-region>
expats and property owners in <st1:country-region w:st="on">Spain</st1:country-region>,
unlike other taxes there is NO double taxation agreement between <st1:country-region w:st="on">UK</st1:country-region> & <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region> on Inheritance Tax, because the taxes are so different</span><br />
<span style="font-family: "arial";"><br /></span>
<span style="font-family: "arial";"><br /></span></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br />
<ul style="text-align: left;"><ul>
<li><span style="font-family: "arial";"> Spanish compliant Investment Bonds</span></li>
</ul>
</ul>
<div>
<span style="font-family: "arial";">If you have had an investment bond for more than five years it definitely needs a review. In recent times the charging structures have been reduced and you maybe losing a benefit. As I only recommend Qualified and Regulated advisers you can seek best advice. I addition, there are many companies offering Investment Bonds so it is important that the advisers I recommend are Independent too.</span><a href="mailto:davidgoodall.spain@gmail.com">My Email</a></div>
<br />
<div class="MsoNormal">
<span class="MsoHyperlink"> </span><o:p></o:p></div>
</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "arial";">This is just a sample! When
did you last review your finances? Can you get better arrangements? Can you
save money? Can you cut your tax bill?<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "arial";">Whatever your objective, you
can get help. A Financial Healthcheck, without obligation and no upfront fees
can be arranged with a regulated, qualified & independent financial adviser. If the advice
involves a pension transfer, a specialist consultant will check your
suitability.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: "arial";">YOUR Financial Healthcheck<o:p></o:p></span></b><br />
<b><span style="font-family: "arial";"><br /></span></b></div>
<div class="MsoNormal">
<span style="font-family: "arial";">Please send me a few outline
details, so that I can source the right adviser for you. In particular, the
subject(s) you want to discuss, age(s), your concerns and the area where you
live. It will also help if you can give a contact number and the best time(s)
to call. <o:p></o:p></span><a href="mailto:davidgoodall.spain@gmail.com">My Email</a><br />
<div class="MsoNormal">
<span class="MsoHyperlink"> </span><o:p></o:p></div>
</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: "arial";">After checking out where you
stand, with peace of mind you can get back to <b>living the dream</b>!<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: "arial";">Further <st1:city w:st="on"><st1:place w:st="on">Reading</st1:place></st1:city><o:p></o:p></span></b><br />
<b><span style="font-family: "arial";"><st1:city w:st="on"><st1:place w:st="on"><br /></st1:place></st1:city></span></b></div>
<div class="MsoNormal">
<span style="font-family: "arial";">More detailed information
can also be accessed from <b><span style="color: red;">Financial Pages in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place></span>;<o:p></o:p></b></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<div class="MsoNormal">
<span style="color: blue; font-family: "arial" , "helvetica" , sans-serif;"><b><a href="http://expatsfrombritain.blogspot.com/2014/05/scam-watch.html">Scam Watch</a><o:p></o:p></b></span></div>
</div>
<div class="MsoNormal">
<span style="color: blue; font-family: "arial" , "helvetica" , sans-serif;"><b><br /></b></span></div>
<div class="MsoNormal">
<div class="MsoNormal">
<span style="color: blue; font-family: "arial" , "helvetica" , sans-serif;"><b><a href="http://expatsfrombritain.blogspot.com/2014/05/financial-pages-in-spain-favourites.html">Readers’
Favourites</a><o:p></o:p></b></span></div>
</div>
<div class="MsoNormal">
<span style="color: blue; font-family: "arial" , "helvetica" , sans-serif;"><b><br /></b></span></div>
<div class="MsoNormal">
<b><span style="font-family: "arial";"><a href="http://expatsfrombritain.blogspot.co.uk/2011/09/la-torre-fx-foreign-exchange.html"><span style="color: blue; font-family: "arial" , "helvetica" , sans-serif;">La
Torre Fx – Foreign Exchange</span></a><span style="font-family: "arial";"><o:p></o:p></span></span></b></div>
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<br /></div>
<div class="MsoNormal">
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<b><span style="font-family: "arial";">Please feel free to </span></b><a href="mailto:davidgoodall.spain@gmail.com"><b>My Email</b></a> <b style="font-family: arial;">on any aspect of financial information,
<st1:country-region w:st="on">UK</st1:country-region> or <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region></b><br />
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<b><span style="font-size: large;"><span class="gmail_default" style="background-color: white; font-family: "verdana" , sans-serif;"></span><span style="background-color: white; color: blue; font-family: "comic sans ms" , sans-serif;">David</span></span></b></div>
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<b><span style="color: red; font-family: "arial"; font-size: 14.0pt;"><br /></span></b>
<b><span style="color: red; font-family: "arial"; font-size: 14.0pt;">David Goodall<o:p></o:p></span></b></div>
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<b><span style="color: red; font-family: "arial"; font-size: 14.0pt;">Financial Pages in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place><o:p></o:p></span></b></div>
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<b><span style="color: red; font-family: "arial"; font-size: 14.0pt;"><a href="mailto:davidgoodall.spain@gmail.com">davidgoodall.spain@gmail.com</a><o:p></o:p></span></b></div>
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Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-66091781453836565462019-05-06T14:00:00.000+02:002019-07-07T14:38:30.495+02:00Malta-based PENSIONS - something VERY IMPORTANT has CHANGED<div dir="ltr" style="text-align: left;" trbidi="on">
<h4 style="text-align: left;">
<span style="color: red;">
PENSIONS including SIPP's and QROPS</span></h4>
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You will need suitably QUALIFIED and fully INDEPENDENT financial advice with the correct AUTHORISATION</div>
<div>
<br /></div>
<div>
You will <b>definitely </b>need professional advice with regular reviews. Contact <a href="mailto:davidgoodall.spain@gmail.com">My Email</a><br />
<a href="mailto:davidgoodall.spain@gmail.com"><br /></a>
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What has changed?</h3>
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The changes are quite extensive and qualified advice is needed to see how it affects <b>you.</b> The headlines of the changes are as follows;<br />
<br />
<b>1. Investment Restrictions</b><br />
<b><br /></b>
<b>2. Revised Member Disclosure requirements</b><br />
<br />
* Cost and commission disclosure<br />
* On-going investment fee disclosures<br />
<br />
<b>3. Introduction of Members 'right to cancel'</b><br />
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<b>4. Licensing requirements & changes to 'Terms of Business'</b><br />
<b><br /></b>
* Especially distinguishing between European and Non-European 'Advisers'<br />
<b><br /></b>
<b>5. Introduction of 'Professional Member' classification</b><br />
<b><br /></b>
<b>6. Revision of QROPS payment rules</b><br />
<b><br /></b>
<b><br /></b>
<b><br /></b>
Complex? Confusing? Did your adviser tell you?</div>
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I could give you more detail but much of this is very technical. One thing which is for sure is that <b>all Malta-based Pensions </b>are affected!<br />
<br /></div>
<h3 style="text-align: left;">
How can I help you?</h3>
<div style="text-align: left;">
Send me a few outline details about your Malta Pension, together with your email address or contact number and I will get a suitably <b>Qualified </b>and <b>Independent </b>financial adviser to contact you, without obligation.<br />
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<a href="mailto:davidgoodall.spain@gmail.com"><b>My Email</b></a></h3>
<i><br /></i>
<div style="background: white; font-size: 18.72px; font-weight: 700; margin: 0cm 0cm 0.0001pt; text-align: justify;">
<span style="background-color: transparent; text-align: left;">IMPORTANT: Your financial adviser MUST be;</span></div>
</div>
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<div>
<ul style="text-align: left;">
<li>Suitably <b>QUALIFIED</b></li>
<li><b>REGULATED</b> by the correct authority</li>
<li><b>EXPERIENCED</b> with an appropriate record of achievement in the <b>UK</b></li>
</ul>
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<b>DUE DILIGENCE </b>needed as this article shows;</div>
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<span class="MsoHyperlink"><a href="http://expatsfrombritain.blogspot.com/2019/05/financial-advisers-must-be-qualified.html"><b>Qualified
Financial Advisers</b></a></span></h3>
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<b><span style="color: red; font-family: "arial" , sans-serif; font-size: 18pt;"><br /></span></b></div>
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<b><span style="color: red; font-family: "arial" , sans-serif; font-size: 18pt;">David Goodall</span></b><b><span style="font-family: "arial" , sans-serif; font-size: 14pt;"><o:p></o:p></span></b></div>
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<b><span style="color: red; font-family: "arial" , sans-serif; font-size: 18pt;">Financial Pages in Spain</span></b><b><span style="font-family: "arial" , sans-serif; font-size: 14pt;"><o:p></o:p></span></b></div>
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<a href="mailto:davidgoodall.spain@gmail.com" style="font-size: 18.72px;">Email me</a></div>
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<a href="https://www.facebook.com/financialpagesinspain"><b><span style="font-family: "arial" , sans-serif; font-size: 18pt;">FACEBOOK</span></b></a><b><span style="color: red; font-family: "arial" , sans-serif; font-size: 18pt;"><o:p></o:p></span></b></div>
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<b><span style="color: #222222; font-family: "arial" , sans-serif; font-size: 18pt;">Please ‘like’ Financial Pages in Spain on Facebook</span></b><b><span style="font-family: "arial" , sans-serif; font-size: 14pt;"><o:p></o:p></span></b></div>
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<span style="color: #7c93a1; font-family: "arial" , sans-serif;"><span style="font-size: 24px;">https://www.facebook.com/financialpagesinspain</span></span></div>
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<h3 style="text-align: left;">
Further Reading;</h3>
</div>
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<a href="http://expatsfrombritain.blogspot.com/2014/05/scam-watch.html">Scam Watch</a><o:p></o:p></div>
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<a href="http://expatsfrombritain.blogspot.com/2014/05/financial-pages-in-spain-favourites.html">Readers’
Favourites</a><o:p></o:p></div>
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<a href="http://expatsfrombritain.blogspot.com/2015/10/hidden-costs-charges.html">Hidden
Costs & Charges</a><span class="MsoHyperlink"><o:p></o:p></span></div>
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</div>
Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-5231369562303040442019-04-27T17:30:00.000+02:002019-04-28T19:08:27.564+02:00The Finance Tour? Workshops? Seminars? BUT who's giving the Financial Advice? <div dir="ltr" style="text-align: left;" trbidi="on">
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Thinking of attending one? Did you think they were independent? Are the advisers qualified?</h3>
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<b><span style="color: red;">Please consider this BEFORE you attend</span></b></div>
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<b><br /></b>
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<span style="font-family: "century gothic" , sans-serif; font-size: 10.0pt; line-height: 115%;"><b>Important</b></span></div>
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<span style="font-size: 10pt; line-height: 115%;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Any of you who have read my previous
blogs will know how passionate I am about the importance that Expats take
advice from a suitably <b>qualified</b>, experienced and regulated, <b>independent</b>
financial adviser. <o:p></o:p></span></span></div>
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<span style="font-size: 10pt; line-height: 115%;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Believe all Adverts?</b></span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 10pt; line-height: 115%;">So, when I saw the publicity for this – <b>The Finance Tour is </b></span><b><span lang="EN" style="color: #444444; font-size: 10pt; line-height: 115%;">the only truly independent investment and pensions
seminar in Spain </span><span lang="EN" style="font-size: 10pt; line-height: 115%;">Really</span><span lang="EN" style="line-height: 115%;">?</span></b><span style="font-size: 10pt; line-height: 115%;"> I thought to myself,
“this is something I should look at”. If 3 high profile product providers have
come together to participate in an independent tour, this is something I must comment
upon.<o:p></o:p></span></span></div>
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<span style="font-size: 10pt; line-height: 115%;"><span style="font-family: "arial" , "helvetica" , sans-serif;">However, from my many years working in
the UK, I know that product providers will never endorse one adviser over
another, irrespective of how qualified or experienced an adviser might be. <o:p></o:p></span></span></div>
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<span style="font-size: 10pt; line-height: 115%;"><span style="font-family: "arial" , "helvetica" , sans-serif;">I decided to investigate further. All
3 providers told me that<b> they would never knowingly endorse one adviser. </b>It's not in their interests!</span></span></div>
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<span style="font-size: 10pt; line-height: 115%;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span></span></div>
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<span style="font-size: 10pt;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Someone has gone to great lengths to make consumers believe that 3 product
providers have come together to offer their expertise to British Expats in
Spain, and to help them, they have invited one “Adviser” firm, chosen from the
many that operate in that area. This gives the false impression that the 3
product providers are in some way endorsing that particular firm above all
others. <b>THEY DO NOT!</b></span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: 13.3333px;"><b>Due Diligence</b></span></span></div>
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<span style="font-size: 10pt; line-height: 115%;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Now, all the above might be fine if
the adviser firm in question could pass my due diligence process <b>but they don't!</b><o:p></o:p></span></span></div>
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<span style="font-size: 10pt; line-height: 115%;"><span style="font-family: "arial" , "helvetica" , sans-serif;">As you may know, I am able to help
Expats to find an adviser who is <b>suitably qualified</b> to advise them. I have a
strict due diligence process and I would never send a consumer to an adviser
until they pass my test.<o:p></o:p></span></span></div>
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<span style="font-size: 10pt; line-height: 115%;"><span style="font-family: "arial" , "helvetica" , sans-serif;">I have carried out my due diligence on
the advisers working for the firm in question and they are<b> not </b>a firm that I would be able to refer my
readers to for advice.<o:p></o:p></span></span></div>
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<h4 style="line-height: 115%; margin-bottom: .0001pt; margin-bottom: 0cm; text-align: justify;">
'Financial Pages in Spain' averages over 13,000 readers per month</h4>
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<b><span style="color: red; font-size: 16pt;">David Goodall<o:p></o:p></span></b></div>
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<b><span style="color: red; font-size: 16pt;">Financial Pages in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region><o:p></o:p></span></b></div>
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<b><span style="color: red; font-size: 16pt;"><st1:country-region w:st="on"><st1:place w:st="on"><br /></st1:place></st1:country-region></span></b></div>
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<b><span style="color: red; font-size: 14pt;"><a href="mailto:davidgoodall.spain@gmail.com" style="color: #7c93a1; text-decoration-line: none;">Email</a><o:p></o:p></span></b></div>
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<b><span style="color: red; font-size: 14pt;"><a href="https://www.facebook.com/financialpagesinspain" style="color: #7c93a1; text-decoration-line: none;">Facebook</a><o:p></o:p></span></b></div>
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<b><span style="font-size: 14pt;">Additional reading:</span></b></div>
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<div>
<b><br /></b></div>
<h3 style="text-align: left;">
<div class="MsoNormal">
<a href="http://expatsfrombritain.blogspot.com/2014/05/scam-watch.html">Scam Watch</a><o:p></o:p></div>
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<a href="http://expatsfrombritain.blogspot.com/2014/05/financial-pages-in-spain-favourites.html">Readers’
Favourites</a><o:p></o:p></div>
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<a href="http://expatsfrombritain.blogspot.com/2015/10/hidden-costs-charges.html">Hidden
Costs & Charges</a><o:p></o:p></div>
</h3>
</div>
Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.com Alicante, Spain38.444476646959416 -0.6325125533203390738.344866646959417 -0.793874053320339 38.544086646959414 -0.47115105332033907tag:blogger.com,1999:blog-1057871464547422949.post-72387330516256649122017-05-18T12:00:00.000+02:002017-05-18T12:47:24.816+02:00UNAUTHORISED ADVISERS<div class="MsoNormal">
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<span style="color: red;">Unauthorised 'advisers' are also Uninsured 'advisers', so when things go wrong, as they often do, YOU are not protected!</span></h3>
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Many of the Financial
Advisers operating in <st1:country-region w:st="on">Spain</st1:country-region>
are doing so without any regulation, with no authorisation and if anything goes
wrong YOU the client has no recourse to putting this right. Authorised &
Regulated advisers must carry Professional Indemnity Insurance to protect <b>YOU </b>the consumer.<o:p></o:p></div>
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The only acceptable Spanish
Regulators are;<o:p></o:p></div>
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<b><span lang="EN"><br /></span></b></div>
<div style="background: white;">
<b><span lang="EN">CNMV</span></b><span style="font-family: "symbol";"><o:p></o:p></span></div>
<div style="background: white;">
Comision
Nacional del Mercado <st1:state w:st="on">del</st1:state> Valores is the
principal financial services regulator in <st1:place w:st="on">Spain</st1:place> and responsible for
authorising investment products. A CNMV adviser can be recommended, please <a href="mailto:davidgoodall.spain@gmail.com">email</a><span class="apple-converted-space"> </span>here<o:p></o:p></div>
<div style="background: white;">
<br /></div>
<div style="background: white;">
<b><span lang="EN">DGS</span></b><span style="font-family: "symbol";"><o:p></o:p></span></div>
<div style="background: white;">
<strong><span lang="EN" style="font-weight: normal;">Direccion General de
Seguros y Fondos de Pensions is the Spanish regulator for insurance products
which can be marketed in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>.</span></strong><span class="apple-converted-space"><span lang="EN"> Please <a href="mailto:davidgoodall.spain@gmail.com">email</a> </span></span><strong><span lang="EN" style="font-weight: normal;">me to be referred to an authorised adviser<o:p></o:p></span></strong></div>
<div style="background: white;">
<strong><span lang="EN" style="font-weight: normal;"><br /></span></strong></div>
<div style="background: white;">
<strong><span lang="EN">FCA<o:p></o:p></span></strong></div>
<div style="background: white;">
<strong><span lang="EN" style="font-weight: normal;">The Financial Conduct
Authority came into existence in April 2013 to replace the FSA. Although FCA is
a <st1:country-region w:st="on">UK</st1:country-region> regulator firms can
receive authority to operate in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>
through a European passport arrangement.<o:p></o:p></span></strong></div>
<div style="background: white;">
<strong><span lang="EN" style="font-weight: normal;">It is my very firm belief
that </span></strong><strong><span lang="EN">ALL UK </span></strong><strong><span lang="EN" style="font-weight: normal;">pension business should be carried out by FCA regulated and authorised
advisers. If you have </span></strong><strong><span lang="EN">any doubts </span></strong><strong><span lang="EN" style="font-weight: normal;">about an adviser please <a href="mailto:davidgoodall.spain@gmail.com">email</a>
me the details, as I can check them for you.<o:p></o:p></span></strong></div>
<div style="background: white;">
<strong><span lang="EN">FCA rules tend to be stricter
than their Spanish equivalent but you still need to check the regulation of
these advisers<o:p></o:p></span></strong></div>
<div style="background: white;">
<strong><span lang="EN"><br /></span></strong></div>
<div style="background: white;">
<strong><span lang="EN">Warning about the
Unauthorised<o:p></o:p></span></strong></div>
<div style="background: white;">
<strong><span lang="EN"><br /></span></strong></div>
<div style="background: white;">
<strong><span lang="EN" style="font-weight: normal;">When things go wrong, as they do, with
an </span></strong><strong><span lang="EN">unauthorised </span></strong><strong><span lang="EN" style="font-weight: normal;">adviser
you have no recourse. This subject appears in my inbox all to often! The
disappointing thing for me is that I see the same names </span></strong><strong><span lang="EN">regularly.<o:p></o:p></span></strong></div>
<div style="background: white;">
<strong><span lang="EN"><br /></span></strong></div>
<div style="background: white;">
<strong><span lang="EN" style="font-weight: normal;">You must check </span></strong><strong><span lang="EN">BEFORE </span></strong><strong><span lang="EN" style="font-weight: normal;">you invest<o:p></o:p></span></strong></div>
<div style="background: white;">
<strong><span lang="EN" style="font-weight: normal;"><br /></span></strong></div>
<div style="background: white;">
<strong><span lang="EN" style="font-weight: normal;">To protect yourself, please ask for
help. I can;<o:p></o:p></span></strong></div>
<div style="background: white; margin-left: 36.0pt; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><strong><span lang="EN" style="font-family: "symbol"; font-weight: normal;">·<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal;">
</span></span></strong><!--[endif]--><strong><span lang="EN" style="font-weight: normal;">Check the regulation of an
adviser you already know<o:p></o:p></span></strong></div>
<div style="background: white; margin-left: 36.0pt; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><strong><span lang="EN" style="font-family: "symbol"; font-weight: normal;">·<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal;">
</span></span></strong><!--[endif]--><strong><span lang="EN" style="font-weight: normal;">Check if an advertisement you
see is from a valid company<o:p></o:p></span></strong></div>
<div style="background: white; margin-left: 36.0pt; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><strong><span lang="EN" style="font-family: "symbol"; font-weight: normal;">·<span style="font-family: "times new roman"; font-size: 7pt; font-stretch: normal;">
</span></span></strong><!--[endif]--><strong><span lang="EN" style="font-weight: normal;">Recommend properly qualified and
regulated advisers who ARE authorised in <st1:country-region w:st="on"><st1:place w:st="on"><span style="color: red;">Spain</span></st1:place></st1:country-region><o:p></o:p></span></strong></div>
<div style="background: white; margin-left: 36.0pt; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt; text-indent: -18.0pt;">
<strong><span lang="EN" style="font-weight: normal;"><st1:country-region w:st="on"><st1:place w:st="on"><span style="color: red;"><br /></span></st1:place></st1:country-region></span></strong></div>
<div style="background: white;">
<strong><span lang="EN" style="font-weight: normal;">Just <a href="mailto:davidgoodall.spain@gmail.com">email</a> me your details with
anything you want to ask<o:p></o:p></span></strong></div>
<div style="background: white;">
<br /></div>
<div style="background: white;">
<strong><span lang="EN">Further <st1:city w:st="on"><st1:place w:st="on">Reading</st1:place></st1:city>;<o:p></o:p></span></strong></div>
<div style="background: white;">
<strong><span lang="EN"><br /></span></strong></div>
<div style="background: white;">
<strong><span lang="EN"><span style="font-weight: normal;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/05/scam-watch.html">Scam Watch</a></span><o:p></o:p></span></strong></div>
<div style="background: white;">
<strong><span lang="EN"><br /></span></strong></div>
<div style="background: white;">
<strong><span lang="EN"><span style="font-weight: normal;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/05/financial-pages-in-spain-favourites.html">Readers’ Favourites</a></span></span></strong></div>
<div style="background: white;">
<strong><span lang="EN"><br /></span></strong></div>
<div style="background: white;">
<br /></div>
<div style="background: white;">
<strong><span lang="EN" style="color: red; font-size: 14pt;">David
Goodall<o:p></o:p></span></strong></div>
<div style="background: white;">
<strong><span lang="EN" style="color: red; font-size: 14pt;">Financial
Pages in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region><o:p></o:p></span></strong></div>
<div style="background: white;">
<strong><span lang="EN" style="font-size: 14pt;"><a href="mailto:davidgoodall.spain@gmail.com"><span style="font-weight: normal;">davidgoodall.spain@gmail.com</span></a><o:p></o:p></span></strong></div>
<div style="background: white;">
<strong><span lang="EN" style="font-size: 14pt;"><a href="https://www.facebook.com/financialpagesinspain"><span style="font-weight: normal;">Facebook</span></a><o:p></o:p></span></strong></div>
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<div style="background: white;">
<br /></div>
<div style="background: white;">
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<div style="background: white;">
<br /></div>
<div style="background: white;">
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Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-79509310024139220612015-03-21T12:30:00.000+01:002015-03-23T11:33:49.851+01:00UK Pension Schemes or Plans but you have emigrated?<div class="MsoNormal">
<div style="margin-bottom: .0001pt; margin: 0cm;">
<div style="margin-bottom: .0001pt; margin: 0cm;">
<b><span style="color: red; font-size: 14pt;">Ask for a review, without obligation, with a <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region> AUTHORISED
adviser with experience of helping expats. <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region> Budget changes to Pensions make
this VITAL<o:p></o:p></span></b></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<h3>
<span style="font-size: 14pt;">Types of
schemes, options and regulated advice</span><o:p></o:p></h3>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">It seems that every year, in the<span class="apple-converted-space"> </span><st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region>, there are new laws, new
regulations, new ideas or changes to pension plans or schemes. Just to
complicate matters there are still many arrangements which have different
names! The changes announced in March 2015 are fundamental<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<st1:place w:st="on"><st1:country-region w:st="on"><b><span style="font-size: 13.5pt;">UK</span></b></st1:country-region></st1:place><span class="apple-converted-space"><b><span style="font-size: 13.5pt;"> </span></b></span><b><span style="font-size: 13.5pt;">Pension Plans and Schemes<o:p></o:p></span></b></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">Here are a list (and it probably isn’t
exhaustive) of the titles sometimes used for pension plans. If you have one but
don’t understand what it is, please<span class="apple-converted-space"> </span><b><a href="mailto:davidgoodall.spain@gmail.com">email</a></b><span class="apple-converted-space"> </span>me.</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">PPP – Personal Pension Plan</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">SIPP – Self Invested Personal Pension</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">GPP – Group Personal Pension Plan</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">S32 – Section 32 Pension Transfer Plan</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">ShP - Stakeholder Pensions</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">PPTP – Personal Pension Transfer Plan</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">UP – Unsecured Pension</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">ID – Income Drawdown</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">ASP – Alternatively secured
pension </span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">AVC – Additional Voluntary Contributions</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">FSAVC – Free Standing Additional Voluntary
Contributions</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">COMPS – Contracted Out Money Purchase Scheme</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">CIMPS – Contracted In Money Purchase Scheme</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">EPP – Executive Pension Plan</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">RAC – Retirement Annuity Contract</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">Section 226 Annuities</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">Superannuation Schemes</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">SSAS – Small Self Administered Scheme</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">OPS – Occupational Pension Scheme</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">DBS – Defined Benefits Scheme</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">FSP – Final Salary Scheme (DBS & FSP are the
same – different names)</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">S2P – State Second Pension</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">GPS – Graduated Pension Scheme</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">SERPS – State Earnings Related Pension Scheme</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">BSP -<span class="apple-converted-space"> </span><st1:place w:st="on"><st1:placename w:st="on">Basic</st1:placename><span class="apple-converted-space"> </span><st1:placetype w:st="on">State</st1:placetype></st1:place><span class="apple-converted-space"> </span>Pension</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">SRP – State Retirement Pension (BSP & SRP
are the same)</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">Maybe, you’ve even got something with a name not
covered here! Please<span class="apple-converted-space"> </span><b><a href="mailto:davidgoodall.spain@gmail.com">email</a></b><span class="apple-converted-space"> </span>me if you want anything explained!</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">Even when you have understood the plan or scheme
you have, there could be a whole variety of rules and regulations that you
don’t understand.</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<b><span style="font-size: 13.5pt;">What are Your Options?<o:p></o:p></span></b></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">This is not meant to be exhaustive and is
generic, you really need to consult a reputable authorised pension adviser.</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l3 level1 lfo5; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; tab-stops: list 36.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 13.5pt;">·<span style="font-family: 'Times New Roman'; font-size: 7pt; font-stretch: normal;">
</span></span><!--[endif]--><b><span style="font-size: 13.5pt;">Do nothing</span></b><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">This is very much the worst option. If your
circumstances are changed, including emigrating, you need to know the affect on
your pension arrangements</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<ul type="disc">
<li class="MsoNormal"><b><span style="font-size: 13.5pt;">Take the benefits exactly as
they were intended but transfer the pension income to<span class="apple-converted-space"> </span>Spain</span></b><span style="font-size: 13.5pt;"><o:p></o:p></span></li>
</ul>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">This is often a good option but still needs to
be reviewed. Circumstances change and you might have benefits you no longer
need or you want to change the date of retirement. Many schemes have
restrictive clauses which can affect your options and rights. You also need the
correct tax treatment of your income.</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<ul type="disc">
<li class="MsoNormal"><b><span style="font-size: 13.5pt;">Bring your pensions together in
a QROPS</span></b><span style="font-size: 13.5pt;"><o:p></o:p></span></li>
</ul>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">For most people who emigrate, this is the best
option, though it also needs caution and advice from a specialist. I recommend
the ‘further reading’ below. In particular, beware of adverts which promise
cash settlements and benefits before normal retirement date. If it sounds too
good to be true, well you know the rest. Please<span class="apple-converted-space"> </span><b>email<span class="apple-converted-space"> </span></b>me<span class="apple-converted-space"><b> </b></span>for details of a genuine
specialist.</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<ul type="disc">
<li class="MsoNormal"><b><span style="font-size: 13.5pt;">Bring your pensions together in
a SIPP</span></b><span style="font-size: 13.5pt;"><o:p></o:p></span></li>
</ul>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">You can certainly use this as an option. If your
emigration is not permanent it could be a good one. However, the self
investment aspect of a SIPP is often available within a QROPS. Not all SIPP
trustees will allow investors who live outside the<span class="apple-converted-space"> </span><st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region>, so you certainly need
specialist advice.</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<ul type="disc">
<li class="MsoNormal"><b><span style="font-size: 13.5pt;">Best decision</span></b><span class="apple-converted-space"><span style="font-size: 13.5pt;"> </span></span><span style="font-size: 13.5pt;">:
Review your pension options with an authorised<span class="apple-converted-space"> </span><st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region><span class="apple-converted-space"> </span>pension transfer adviser</span><span style="font-size: 13.5pt;"><o:p></o:p></span></li>
</ul>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<b><span style="color: red; font-size: 14pt;">August 2014</span></b><b><span style="color: red; font-size: 13.5pt;"><o:p></o:p></span></b></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<b><span style="font-size: 14pt;">Warning from HM Government about<span class="apple-converted-space"> </span><st1:place w:st="on"><st1:country-region w:st="on">UK</st1:country-region></st1:place><span class="apple-converted-space"> </span>Pensions</span></b><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 14pt;">From Steve Webb, Pensions Minister</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<i><span style="background: white; font-size: 14pt;">“If cold callers offer you
massive returns for your pension pot that are just too good to be true, it is
because they are.”</span></i><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="background: white; font-size: 14pt;">Sunday Times August 10<sup>th</sup><span class="apple-converted-space"> </span>2014</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<b><span style="font-size: 13.5pt;">Warning</span></b><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<span style="font-size: 13.5pt;">For most people, their Pension Fund is the
biggest or second biggest asset. BEWARE <b><a href="http://expatsfrombritain.blogspot.co.uk/2014/05/scam-watch.html">Scam
Watch<span style="font-weight: normal;"> </span></a></b>as this post warns</span><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<b><span style="color: red; font-size: 14pt;">David Goodall</span></b><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<b><span style="color: red; font-size: 14pt;">Financial Pages in<span class="apple-converted-space"> </span><st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region></span></b><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<b><span style="color: red; font-size: 14pt;"><a href="mailto:davidgoodall.spain@gmail.com">Email</a></span></b><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm;">
<b><span style="font-size: 13.5pt;">Further<span class="apple-converted-space"> </span><st1:place w:st="on"><st1:city w:st="on">Reading</st1:city></st1:place>: <o:p></o:p></span></b></div>
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<b><span style="font-size: 13.5pt;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/01/qrops-2014.html">QROPS</a>
Qualifying Recognised Overseas Pension Schemes</span></b><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
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<b><span style="font-size: 13.5pt;"><a href="http://expatsfrombritain.blogspot.co.uk/2013/04/explaining-pensions-terms-and.html">Pension
Terms & Expressions</a></span></b><span style="font-size: 13.5pt;"><o:p></o:p></span></div>
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<span style="font-size: 14pt;">Do you transfer money, bank to bank on a regular basis? You
can reduce the ‘currency risk’ with <b><a href="http://www.fttglobal.com/international-payments-financial-pages-spain/">La
Torre Fx – Foreign Exchange</a></b> This service is also better than most banks
for one off transfers<o:p></o:p></span></div>
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Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-15831009905784180482014-11-07T17:30:00.000+01:002016-07-26T11:36:19.626+02:00Spain – The Sun still Shines and Lifestyle is Healthy<div class="MsoNormal">
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<b><span style="color: red; font-family: "arial"; font-size: 14.0pt;">Spain is great
for holidays, working, living &
retirement<o:p></o:p></span></b></div>
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<b><span style="font-family: "arial";">The beaches are clean, the <st1:place w:st="on">Mediterranean</st1:place>
is still blue, the food is fresh, lots of cheap flights, great deals on hotels
and apartments but forget all that the headlines are bad! <st1:country-region w:st="on">UK</st1:country-region> Press always give <st1:place w:st="on"><st1:country-region w:st="on">SPAIN</st1:country-region></st1:place> a hard time<o:p></o:p></span></b></div>
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<b><span style="font-family: "arial"; font-size: 16.0pt;">Personal Experience </span></b></div>
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<b><span style="font-family: "arial";">We bought our first house in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place> on 7<sup>th</sup> June 2002;
it was memorable for another reason. It was the World Cup in Japan and South
Korea, England played Argentina and won 1 – 0 thanks to a penalty by David
Beckham.</span></b></div>
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<b><span style="font-family: "arial";">I thought I’d write down a few reasons why we bought
and let you, the reader, decide whether some, all or none of the factors still
apply. This is random in no particular order;<o:p></o:p></span></b></div>
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<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="font-family: "arial";">The
climate is great and the sun shines all year round<o:p></o:p></span></b></li>
<li class="MsoNormal"><b><span style="font-family: "arial";">It’s
two and half hours from home<o:p></o:p></span></b></li>
<li class="MsoNormal"><b><span style="font-family: "arial";">The
flights are cheap if your dates are flexible<o:p></o:p></span></b></li>
<li class="MsoNormal"><b><span style="font-family: "arial";">We
love the lifestyle, street markets, restaurants, entertainment, the beach
and I could go on<o:p></o:p></span></b></li>
<li class="MsoNormal"><b><span style="font-family: "arial";">House
prices are cheap compared with the <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region><o:p></o:p></span></b></li>
<li class="MsoNormal"><b><span style="font-family: "arial";">A second
home is for the long term, especially retirement<o:p></o:p></span></b></li>
<li class="MsoNormal"><b><span style="font-family: "arial";">The
exchange rate is more favourable than it has been<o:p></o:p></span></b></li>
<li class="MsoNormal"><b><span style="font-family: "arial";">We
needed and easily got a 50% mortgage<o:p></o:p></span></b></li>
<li class="MsoNormal"><b><span style="font-family: "arial";">We
found someone reliable to look after the place when we are not there,
giving peace of mind<o:p></o:p></span></b></li>
<li class="MsoNormal"><b><span style="font-family: "arial";">The
family think it’s a great idea<o:p></o:p></span></b></li>
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<b><span style="font-family: "arial";">I could go on but I think those 10 reasons cover most
of why we bought in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>.<o:p></o:p></span></b></div>
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<b><span style="font-family: "arial";">The fundamentals haven’t changed and there are bargains
to bought. There is now also plenty of evidence that people like the concept of Rent before you Buy.<o:p></o:p></span></b></div>
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<b><span style="font-family: "arial";">So here are three ideas<o:p></o:p></span></b></div>
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<li class="MsoNormal" style="color: red; mso-list: l0 level1 lfo2; tab-stops: list 36.0pt;"><b><span style="font-family: "arial";"><a href="http://expatsfrombritain.blogspot.co.uk/2012/02/rent-before-you-buy-in-spain.html">Rent
before you buy in Spain</a><o:p></o:p></span></b></li>
</ul>
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<li class="MsoNormal" style="color: red; mso-list: l0 level1 lfo2; tab-stops: list 36.0pt;"><b><span style="font-family: "arial";"><a href="http://expatsfrombritain.blogspot.co.uk/2014/03/the-best-value-for-money.html">Always
get Professional Advice</a><o:p></o:p></span></b></li>
</ul>
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<li class="MsoNormal" style="color: red; mso-list: l0 level1 lfo2; tab-stops: list 36.0pt;"><b><span style="font-family: "arial";"><a href="http://expatsfrombritain.blogspot.co.uk/2011/09/la-torre-fx-foreign-exchange.html">BEAT
the BANK get better rates for foreign exchange</a><o:p></o:p></span></b></li>
</ul>
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<b><span style="font-family: "arial"; font-size: 14.0pt;">Viva Espana<o:p></o:p></span></b></div>
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<b><span style="color: red; font-family: "arial"; font-size: 14.0pt;">David Goodall<o:p></o:p></span></b></div>
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<b><span style="color: red; font-family: "arial"; font-size: 14.0pt;">Financial Pages in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place><o:p></o:p></span></b></div>
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<b><span style="color: red; font-family: "arial"; font-size: 14.0pt;"><a href="mailto:davidgoodall.spain@gmail.com">davidgoodall.spain@gmail.com</a><o:p></o:p></span></b></div>
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<b><span style="font-family: "arial"; font-size: 14pt;">PS</span></b></div>
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<b><span style="font-family: "arial";">From the ‘Guardian’ in 2013<o:p></o:p></span></b></div>
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<b><span style="font-family: "arial";">Spanish have the HIGHEST healthy life expectancy in <st1:place w:st="on">Europe</st1:place><o:p></o:p></span></b></div>
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<b><span style="font-family: "arial";"><a href="http://www.guardian.co.uk/world/2013/mar/05/spanish-highest-life-expectancy-europe">Read
the article</a><o:p></o:p></span></b></div>
</div>
Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-49985319194223691772014-05-08T17:37:00.000+02:002014-05-08T17:37:40.560+02:00Explaining terms and expressions - Mortgages<div class="MsoNormal">
<b style="background-color: white; color: #222222; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.63636302947998px; line-height: 16.799999237060547px;"><span lang="EN" style="color: red; font-family: Arial; font-size: 14pt;">Explaining terms & expressions is important but nothing beats Regulated and Qualified Financial Advice<o:p></o:p></span></b><br style="background-color: white; color: #222222; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.63636302947998px; line-height: 16.799999237060547px;" /><br />
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<span lang="EN" style="font-family: Symbol; font-size: 14pt;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><b><span lang="EN" style="font-family: Arial; font-size: 14pt;">Cut through the jargon<o:p></o:p></span></b></div>
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<span lang="EN" style="font-family: Symbol; font-size: 14pt;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><b><span lang="EN" style="font-family: Arial; font-size: 14pt;">Check Further <st1:city w:st="on"><st1:place w:st="on">Reading</st1:place></st1:city><o:p></o:p></span></b></div>
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<span lang="EN" style="font-family: Symbol; font-size: 14pt;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><b><span lang="EN" style="font-family: Arial; font-size: 14pt;">Beware:</span></b><b><span style="font-family: Arial; font-size: 14pt;"> Unauthorised</span></b><b><span lang="EN" style="font-family: Arial; font-size: 14pt;"> ‘advisers’ about!</span></b></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Advice </span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
A recommendation about the most suitable mortgage for you made by an adviser. Remember that mortgage advice is regulated in the <st1:country-region w:st="on">UK</st1:country-region> but not regulated in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place>. To receive a recommended adviser<span style="color: blue;"> <a href="mailto:davidgoodall.spain@gmail.com">click here</a>. </span>Always be wary of advisers who want a large up front fee.<o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Annual statement</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
A statement from your mortgage lender, sent every year, showing among other things, the repayments made and the outstanding balance owed. <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Approval in principle</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
A certificate which some lenders will give you that shows the amount they will probably be prepared to lend you. This is not a guarantee, but can be helpful when signing up with estate agents. Since the advent of the credit crunch, these are much more difficult to obtain.<o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Buy-to-let mortgage</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
A loan taken out to buy a property which is intended to rent to tenants. <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Capital</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
The amount available to borrow, or borrowed, to help buy the property. <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Capped mortgage</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
A mortgage that has a maximum limit on the interest rate to be paid during a special deal period. <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Cashback mortgage</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
A mortgage that comes with a cash sum (often a percentage of the amount being borrowed). <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Deposit</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
The amount of money being put into buying a property (not including the mortgage money being borrowed). <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Discounted mortgage</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
This has a discounted variable rate of interest for a set period, after which the rate will increase. <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Early repayment charge</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
A charge payable if the mortgage deal is settled ahead of time. <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Fixed rate</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
An interest rate that is fixed (i.e. it doesn't move up or down) for a set period of time. <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Income multiples</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
The factor by which earnings are multiplied to find out how much can be borrowed. <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Interest</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
The charge made by lenders to borrow the money. <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Interest rate</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
The figure that determines how much interest is paid.<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Interest-only mortgage</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
A mortgage where you only pay the interest charges of the loan each month. This means you are not reducing the loan amount (or <strong><span style="font-family: Arial;">capital</span></strong>) itself, and this will need to be repaid in some other way. <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Loan-to-value</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
The percentage of money you want to borrow compared to the cost or value of the property. <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Mortgage</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
A loan which is secured against the property. <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Mortgage broker</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
A mortgage broker helps clients to understand the various mortgage types and deals available. To receive the recommendation of an excellent Mortgage Broker please <a href="mailto:davidgoodall.spain@gmail.com">email</a> me<span style="color: blue;">.<o:p></o:p></span></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Remortgaging</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
The process of changing your mortgage for a different one, without moving home. In the right circumstances this might be done to find a more competitive arrangement.<o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Repayment mortgages</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
A mortgage that pays off both the home loan and the interest at the same time. <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Standard variable rate mortgage</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
A loan at the lender's <strong><span style="font-family: Arial;">normal</span></strong> mortgage rate – i.e. without any discounts or deals. <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Secured Loan</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
A mortgage is a secured loan. This means that if you fail to repay it, your lender may be able to sell your home to get its money back. <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Survey</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
A report on the condition of the property being purchased. <o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Tracker mortgages</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
A mortgage with an interest rate that is usually linked to a particular rate that is set independently from the lender and moves up or down with it. The most common tracker mortgages in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place> are Euribor linked. Euribor is the wholesale money market for Euros.<o:p></o:p></span></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Term</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
The length of the mortgage. <o:p></o:p></span></div>
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<br /></div>
<div style="line-height: normal;">
<b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;">Valuation</span></b><span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
A <b style="mso-bidi-font-weight: normal;">brief</b> inspection, for the benefit of the lender, of the home being purchased. This is to make sure they are not lending more than the property is worth and that the property is suitable security for the mortgage. It also checks that the property exists!<o:p></o:p></span></div>
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<span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
</span></div>
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<span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><br />
</span></div>
<div style="line-height: normal;">
<span lang="EN" style="font-family: Arial; font-size: 10.0pt; mso-ansi-language: EN;"><b>Please remember that in Spain, unlike the UK, mortgages are NOT regulated products. This means that that you must be careful who advises you. If your first instinct is to use a bank then you will not get advice, merely a product sale. Maybe a comparison from a recommended adviser. P</b></span><span class="Apple-style-span" style="font-family: Arial; font-size: 13px;"><b>lease </b><a href="mailto:davidgoodall.spain@gmail.com"><b>email</b></a><b> me</b></span><span class="Apple-style-span" style="font-family: Arial; font-size: 13px;"><b> for a contact.</b></span></div>
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Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-69369073709613734222014-05-08T13:04:00.000+02:002014-09-24T14:59:06.057+02:00Explaining terms and expressions - Investments<div style="margin-bottom: .0001pt; margin: 0cm;">
<b><span lang="EN" style="background: white; color: red; font-family: Arial; font-size: 14.0pt; mso-ansi-language: EN;">Explaining
terms & expressions is important but nothing beats Regulated and Qualified
Financial Advice</span></b><b><o:p></o:p></b></div>
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<br /></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0cm; mso-line-height-alt: 11.2pt; text-indent: -18.0pt;">
<b><span lang="EN" style="color: #222222; font-family: Symbol; font-size: 14.0pt; mso-ansi-language: EN; mso-bidi-font-family: Arial;">·</span></b><b><span lang="EN" style="color: #222222; font-family: "\0027Times New Roman\0027"; font-size: 7.0pt; mso-ansi-language: EN; mso-bidi-font-family: Arial;"> </span></b><b><span lang="EN" style="color: #222222; font-family: Arial; font-size: 14.0pt; mso-ansi-language: EN;">Cut through the jargon</span></b><b><span style="color: #222222; font-family: Arial; font-size: 9.0pt;"><o:p></o:p></span></b></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0cm; mso-line-height-alt: 11.2pt; text-indent: -18.0pt;">
<b><span lang="EN" style="color: #222222; font-family: Symbol; font-size: 14.0pt; mso-ansi-language: EN; mso-bidi-font-family: Arial;">·</span></b><b><span lang="EN" style="color: #222222; font-family: "\0027Times New Roman\0027"; font-size: 7.0pt; mso-ansi-language: EN; mso-bidi-font-family: Arial;"> </span></b><b><span lang="EN" style="color: #222222; font-family: Arial; font-size: 14.0pt; mso-ansi-language: EN;">Check Further <st1:city w:st="on"><st1:place w:st="on"><st1:city w:st="on"><st1:place w:st="on">Reading</st1:place></st1:city></st1:place></st1:city></span></b><b><span style="color: #222222; font-family: Arial; font-size: 9.0pt;"><o:p></o:p></span></b></div>
<div style="background: white; margin-bottom: .0001pt; margin: 0cm; mso-line-height-alt: 11.2pt; text-indent: -18.0pt;">
<b><span lang="EN" style="color: #222222; font-family: Symbol; font-size: 14.0pt; mso-ansi-language: EN; mso-bidi-font-family: Arial;">·</span></b><b><span lang="EN" style="color: #222222; font-family: "\0027Times New Roman\0027"; font-size: 7.0pt; mso-ansi-language: EN; mso-bidi-font-family: Arial;"> </span></b><b><span lang="EN" style="color: #222222; font-family: Arial; font-size: 14.0pt; mso-ansi-language: EN;">Beware:</span></b><b><span style="color: #222222; font-family: Arial; font-size: 14.0pt;"> Unauthorised</span></b><b><span lang="EN" style="color: #222222; font-family: Arial; font-size: 14.0pt; mso-ansi-language: EN;"> ‘advisers’
about!</span></b><b><span style="color: #222222; font-family: Arial; font-size: 9.0pt;"><o:p></o:p></span></b></div>
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<br /></div>
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<br /></div>
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<b>Asset allocation<o:p></o:p></b></div>
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<b>This is the spread of
investments across the asset classes.<o:p></o:p></b></div>
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<br /></div>
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<b>Asset classes <o:p></o:p></b></div>
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<b>The underlying
investments – for example, shares, bonds, property and cash deposits.<br />
<br />
Bonds These are loans made to a company (often called Corporate Bonds) or
the Government (often called Gilts).<br />
<br />
Capital<br />
The money you invest.<br />
<br />
Capital growth<br />
Any increase to your original investment after costs, charges and depreciation
have been taken into account.<br />
<br />
Collective investment scheme<br />
A way of pooling contributions from lots of people into a single investment
fund.<br />
<br />
Contracts for Difference (CFD)<br />
An agreement between two people to settle at the close of their contract the
difference between the opening and closing price of a company's share price.<br />
<br />
Cooling off period<o:p></o:p></b></div>
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<b>A cooling off period
is defined as the period of time you're allowed, after signing an agreement, to
cancel it without incurring a financial penalty. This does not normally apply
in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>.<o:p></o:p></b></div>
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<br /></div>
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<b>CNMV<o:p></o:p></b></div>
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<b>Comision Nacional del
Mercado <st1:state w:st="on">del</st1:state> Valores is the principal
financial services regulator in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region> and responsible for
authorising investment products. A CNMV adviser can be recommended, please click here<o:p></o:p></b></div>
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<br /></div>
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<b>Coupon<br />
A bond's fixed rate of interest as a percentage of its nominal value.<br />
<br />
Debt securities<br />
Another name for a bond.<br />
<br />
Derivatives A right or an obligation to buy or sell another type of asset
– such as a share or a bond – to someone else at a specific date and time in
the future.<br />
<br />
DGS<o:p></o:p></b></div>
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<b>Direccion General
de Seguros y Fondos de Pensions is the Spanish regulator for insurance products
which can be marketed in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>. Email me
to be referred to an authorised adviser.<o:p></o:p></b></div>
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<br /></div>
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<b>Diversification<br />
Spreading your investments across different asset classes, or different types
of investments within an asset class<o:p></o:p></b></div>
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<br /></div>
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<b>Equities<br />
This is another name for shares in companies.<br />
<br />
Friendly Societies These are similar to mutual life assurance companies
but with different tax rules.<br />
<br />
FCA <o:p></o:p></b></div>
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<b>The Financial Conduct
Authority - the <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region>'s
financial services regulator. For a recommended adviser click here<o:p></o:p></b></div>
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<b>Gearing The use
of borrowing potentially to increase the amount you get back, but can also
increase the risk.<br />
<br />
Gilts<o:p></o:p></b></div>
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<b>These are bonds
issued by the Government.<br />
<br />
Gross<o:p></o:p></b></div>
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<b>Before tax has been
deducted (as opposed to 'net', which is after tax has been deducted).<o:p></o:p></b></div>
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<br /></div>
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<b>High-yield bond funds<br />
The same as bond funds but investing in higher-risk bonds that offer a higher
interest rate.<o:p></o:p></b></div>
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<b><br />
Investment or Insurance Bonds<br />
These are pooled investments or lump-sum life-assurance investments. They can
also be called Life Assurance Bonds and With-Profits Bonds.<o:p></o:p></b></div>
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<br /></div>
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<b>Investment Trusts<br />
A pooled investment. The investor is buying shares in a company that invests in
other investments. The Investment Trust has shares and is quoted on the stock
exchange. It is a closed-ended fund as there are a set number of
shares available<o:p></o:p></b></div>
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<br /></div>
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<b>ISA<br />
Individual Savings Account is a <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region> tax-efficient way of saving
or investing, with limits on how much you can pay in each tax year. These are
not available to <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region> non-residents.<o:p></o:p></b></div>
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<br /></div>
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<b>Life assurance
investment<br />
A pooled investment offered by a life assurance company.<br />
<br />
MiFID<o:p></o:p></b></div>
<div class="MsoNormal">
<b>Markets in Financial
Instruments Directive is the EU legislation which covers investment
intermediaries and their activities. It also enables, for example FCA approved
advisers to be' passported' into other EU countries such as Spain<o:p></o:p></b></div>
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<br /></div>
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<b>Net asset value (NAV)<br />
An expression used with investment trusts to mean the value of the fund's
underlying assets.<br />
<br />
Nominal value<br />
Sometimes called the face value; this is the cost of the bond when it is issued
and the amount you get back at the end of the term.<br />
<br />
OEIC<o:p></o:p></b></div>
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<b>Open-Ended Investment
Company, this is a type of open-ended investment fund.<br />
<br />
PEP <o:p></o:p></b></div>
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<b>Personal equity plan
– a wrapper for investments. No longer available as all PEPs have now
automatically became stocks and shares ISAs.<br />
<br />
Pooled investments<br />
A way of putting various levels of contributions from lots of people into a
single investment fund. There are different types and they work in different
ways.<br />
<br />
Rate of return<br />
This is the change in the value of your investment taking into account both
income and growth.<br />
<br />
Rating<br />
This is a formal opinion of an organisation's investment quality and credit
risk.<br />
<br />
Redemption date<br />
Usually associated with gilts or bonds, it is the date (set in advance) when
the gilt or bond will be repaid by the issuing government or company and you
will receive the nominal value of the bond.<br />
<br />
Shares<br />
These are the stake or share in a company.<br />
<br />
Stocks<o:p></o:p></b></div>
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<b>These are often
linked directly to Shares, but have the same meaning.<br />
<br />
Tax year<br />
In the <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region>,
the tax year is from the 6thApril in one year to the 5th April in the next
year. In <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region> the
fiscal year is the same as the calendar year<o:p></o:p></b></div>
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<br /></div>
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<b>Unit trusts<br />
A pooled investment, which is an open-ended investment that gets
bigger as more people invest and smaller when they take money out.<o:p></o:p></b></div>
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<b>With-profits funds<br />
A type of fund available within a life assurance investment. The investor
shares the return from these investments and the profits and losses of the
company (if it's a mutual) or the with-profits business fund (if it's a plc).<o:p></o:p></b></div>
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<br /></div>
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<b><span lang="EN" style="font-family: Arial; font-size: 10pt;">Most Investment
Advisers, including the ones that I recommend, will be happy to cut through the
jargon.<span class="apple-converted-space"> </span>Email<span class="apple-converted-space"> </span>me for a recommendation.</span></b><b><span style="font-family: Arial; font-size: 13.5pt;"><o:p></o:p></span></b></div>
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<b><span style="color: red; font-size: 16.0pt;">David Goodall<o:p></o:p></span></b></div>
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<b><span style="color: red; font-size: 16.0pt;">Financial Pages in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region><o:p></o:p></span></b></div>
<u1:p></u1:p>
<u1:p></u1:p>
<u1:p></u1:p>
<u1:p></u1:p>
<br />
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<b><span style="color: red; font-size: 16.0pt;"><a href="mailto:davidgoodall.spain@gmail.com">EMail</a><o:p></o:p></span></b></div>
Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-80129069238527698862014-03-19T16:03:00.001+01:002014-03-19T16:03:46.948+01:00The UK Government wants the Elderly to Emigrate!<div class="MsoNormal">
<b><span style="color: red; font-family: Arial; font-size: 14.0pt;">There are clear
indications that they do. Changes to ISA’s & Pension Annuities will be
welcome in the <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region>,
to working people and the retired but overall it suits the Government if the
elderly emigrate<o:p></o:p></span></b></div>
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<br /></div>
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<b><span style="font-family: Arial;">I realise that it sounds unlikely but there are
reasons behind my view. <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>
has many lifestyle advantages and those retired or near retirement might be
encouraged to emigrate for the following reasons;<o:p></o:p></span></b></div>
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<br /></div>
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<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 14.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">
</span></span><!--[endif]--><b><span style="font-family: Arial; font-size: 14.0pt;">QROPS<o:p></o:p></span></b></div>
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<br /></div>
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<b><span style="font-family: Arial;">Qualifying Recognised Overseas Pension
Schemes are for the BENEFIT of people emigrating or planning to emigrate from
the <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region>.<o:p></o:p></span></b></div>
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<br /></div>
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<b><span style="font-family: Arial;">After the recent reviews it was thought
that the Government was discouraging transfers of pensions out of the <st1:place w:st="on"><st1:country-region w:st="on">UK</st1:country-region></st1:place>. In
reality, the changes announced in the last two Budgets are a warning shot to
those who would seek to ‘misuse’ <st1:place w:st="on"><st1:country-region w:st="on">UK</st1:country-region></st1:place> pension funds.<o:p></o:p></span></b></div>
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<br /></div>
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<b><span style="font-family: Arial;">Whilst the new rules which,
effectively, abolishes annuities will be welcome in the UK, QROPS which follow
UK rules will also provide a benefit to UK expats too!<o:p></o:p></span></b></div>
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<br /></div>
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<b><span style="font-family: Arial;">There is nothing which discourages
retiring abroad. Please <a href="mailto:davidgoodall.spain@gmail.com">email</a>
me for more personal information<o:p></o:p></span></b></div>
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<br /></div>
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<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 14.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">
</span></span><!--[endif]--><b><span style="font-family: Arial; font-size: 14.0pt;">QNUPS<o:p></o:p></span></b></div>
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<br /></div>
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<b><span style="font-family: Arial;">Qualifying Non-UK Pension Schemes
benefit those who emigrate but would otherwise have a <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region> Inheritance
Tax liability. It is necessary because <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region> IHT is based on ‘Domicile’ not
‘Residency’. Domicile is much more difficult to shake off! <o:p></o:p></span></b></div>
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<br /></div>
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<b><span style="font-family: Arial;">This is a classic case of ENCOURAGING
emigration. For more details please <a href="mailto:davidgoodall.spain@gmail.com">email</a> me.<o:p></o:p></span></b></div>
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<br /></div>
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<!--[if !supportLists]--><span style="font-family: Symbol; font-size: 14.0pt; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">
</span></span><!--[endif]--><b><span style="font-family: Arial; font-size: 14.0pt;">Taxation policy<o:p></o:p></span></b></div>
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<br /></div>
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<b><span style="font-family: Arial;">I was somewhat shocked by George
Osborne’s statement in Budget 2012 that there would be a review of age-related
tax allowances. In reality the budget made the following two changes which
negatively affect the over-65’s<o:p></o:p></span></b></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: 54.0pt; mso-list: l0 level1 lfo2; tab-stops: list 54.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><b><span style="font-family: Arial; mso-fareast-font-family: Arial;">1.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: normal;">
</span></span></b><!--[endif]--><b><span style="font-family: Arial;">Those already in receipt of the Over 65 Age Allowance
will see this ‘frozen’ for the following 3 years. In the past this allowance
has been index-linked to counter the effects of inflation<o:p></o:p></span></b></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: 54.0pt; mso-list: l0 level1 lfo2; tab-stops: list 54.0pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><b><span style="font-family: Arial; mso-fareast-font-family: Arial;">2.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: normal;">
</span></span></b><!--[endif]--><b><span style="font-family: Arial;">From 6<sup>th</sup> April 2013, for people reaching
the age of 65, the age allowance is scrapped! This means that anyone born after
5<sup>th</sup> April 1948, will NOT receive the Age Allowance<o:p></o:p></span></b></div>
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<br /></div>
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<b><span style="font-family: Arial;">Taking away age-related tax allowances
might just be the ‘final straw’ for some people!<o:p></o:p></span></b></div>
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<br /></div>
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<b><span style="font-family: Arial;">Readers should also be aware that this
policy contrasts greatly with Spanish taxation policy. It’s too complex to
explain here but individuals and couples can get professional advice by sending
me an <a href="mailto:davidgoodall.spain@gmail.com">email</a> and I can put you
in touch with the right person. However, the Spanish system assumes that part
of the retirement income is ‘capital’ which is untaxed and the minority is
‘interest’ which is taxed. This means the effective tax rate in <st1:country-region w:st="on">Spain</st1:country-region> is MUCH LOWER than the <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region> when income
is based on a pension or annuity.<o:p></o:p></span></b></div>
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<br /></div>
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<br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="font-family: Arial; font-size: 14.0pt;">National Health Service (NHS)</span></b><b><span style="font-family: Arial;"><o:p></o:p></span></b></li>
</ul>
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<b><span style="font-family: Arial;">The cost of treating elderly people is
MUCH higher than that of younger citizens. That has been clear for many years
but as the population lives longer, the cost will grow substantially. I cannot
verify this but I was told that the cost of Healthcare for the over 60’s is TEN
TIMES HIGHER than the under 60’s.<o:p></o:p></span></b></div>
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<br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="font-family: Arial; font-size: 14.0pt;">Net Migration</span></b><b><span style="font-family: Arial;"><o:p></o:p></span></b></li>
</ul>
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<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<b><span style="font-family: Arial;">The <st1:place w:st="on"><st1:country-region w:st="on">UK</st1:country-region></st1:place> Government made pledges that it
would reduce net migration, that is the difference between people leaving and
immigrants.<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 36.0pt;">
<b><span style="font-family: Arial;">This is important to the Conservatives
under pressure from UKIP.<o:p></o:p></span></b></div>
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<br /></div>
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<b><span style="font-family: Arial;">It suits the Governments statistics if
more people emigrate. <o:p></o:p></span></b></div>
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<br /></div>
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<b><span style="font-family: Arial;">It is very important that anyone contemplating moving
to <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place>
should seek professional advice. I can give this guarantee that any
professional that I refer you to WILL NOT charge an upfront fee. <o:p></o:p></span></b></div>
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<br /></div>
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<b><span style="color: red; font-family: Arial;">Professional advice will have a cost but no
advice could cost you everything<o:p></o:p></span></b></div>
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<br /></div>
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<b><span style="font-family: Arial;">You might like also to read these posts from my Blog;<o:p></o:p></span></b></div>
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<br /></div>
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<br /></div>
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<b><span style="font-family: Arial;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/01/qrops-2014.html">QROPS
2014</a><o:p></o:p></span></b></div>
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<br /></div>
<div class="MsoNormal">
<b><span style="font-family: Arial;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/01/qnups-2014.html">QNUPS
2014</a><o:p></o:p></span></b></div>
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<br /></div>
<div class="MsoNormal">
<b><span style="font-family: Arial;"><a href="http://expatsfrombritain.blogspot.co.uk/2012/02/rent-before-you-buy-in-spain.html">Rent
before you Buy</a><o:p></o:p></span></b></div>
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<br /></div>
<div class="MsoNormal">
<b><span style="font-family: Arial;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/03/the-best-value-for-money.html">The
Best Value for Money</a><o:p></o:p></span></b></div>
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<br /></div>
<div class="MsoNormal">
<b><span style="font-family: Arial;">Please enjoy <st1:country-region w:st="on">Spain</st1:country-region>
and remember if you are in the <st1:place w:st="on"><st1:country-region w:st="on">UK and elderly</st1:country-region></st1:place>,
your Government wants you to emigrate!<o:p></o:p></span></b></div>
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<br /></div>
<div class="MsoNormal" style="background: white; mso-line-height-alt: 13.5pt;">
<b><span style="color: red; font-family: Arial; font-size: 14.0pt;">David Goodall</span></b><span style="color: #222222; font-family: Arial; font-size: 14.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; mso-line-height-alt: 13.5pt;">
<b><span style="color: red; font-family: Arial; font-size: 14.0pt;">Financial Pages in<span class="apple-converted-space"> </span><st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region></span></b><span style="color: #222222; font-family: Arial; font-size: 14.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; mso-line-height-alt: 13.5pt;">
<b><span style="color: red; font-family: Arial; font-size: 14.0pt;">Email:<span class="apple-converted-space"> </span></span></b><b><span style="color: navy; font-family: Arial; font-size: 14.0pt;"><a href="mailto:davidgoodall.spain@gmail.com"><span style="color: navy;">davidgoodall.spain@gmail.com</span></a></span></b><span style="color: #222222; font-family: Arial; font-size: 14.0pt;"><o:p></o:p></span></div>
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Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-72426553094399501182014-02-20T13:50:00.000+01:002014-02-20T14:04:04.902+01:00Spanish ISD and UK IHT - Comparison<b><span style="color: red; font-family: Arial; font-size: 14.0pt;">As the old saying goes
‘Like chalk and cheese’</span></b><br />
<div class="MsoNormal">
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="background: white; font-family: Arial;">Impuesto sobre Sucesiones y
Donaciones<span class="apple-converted-space"> </span>(ISD)</span></b><b><span style="font-family: Arial;"><o:p></o:p></span></b></li>
</ul>
<div class="MsoNormal">
<br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="font-family: Arial;">Inheritance
Tax (IHT)<o:p></o:p></span></b></li>
</ul>
<div class="MsoNormal">
<br /></div>
<ul style="margin-top: 0cm;" type="disc">
<li class="MsoNormal"><b><span style="font-family: Arial;">There
is no Double Taxation Treaty or Agreement between <st1:country-region w:st="on">Spain</st1:country-region> and the <st1:place w:st="on"><st1:country-region w:st="on">UK</st1:country-region></st1:place> on these inter-linked but
very different taxes<o:p></o:p></span></b></li>
</ul>
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<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: Arial;">This will only be a short article because it is
vitally important that you get <a href="http://expatsfrombritain.blogspot.co.uk/2012/01/getting-professional-advice.html">Professional
Advice</a> </span></b><span style="font-family: Arial;"><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="color: red; font-family: Arial;">What are the principal differences?<o:p></o:p></span></b></div>
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<br /></div>
<div align="center">
<table border="1" cellpadding="0" cellspacing="0" class="MsoTableGrid" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-border-insideh: .5pt solid windowtext; mso-border-insidev: .5pt solid windowtext; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 480;">
<tbody>
<tr>
<td style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.5pt;" valign="top" width="178"><div align="center" class="MsoNormal" style="text-align: center;">
<br /></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.5pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">Spanish ISD<o:p></o:p></span></b></div>
</td>
<td style="border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.55pt;" valign="top" width="178"><div class="MsoNormal">
<st1:place w:st="on"><st1:country-region w:st="on"><b><span style="font-family: Arial;">UK</span></b></st1:country-region></st1:place><b><span style="font-family: Arial;"> IHT<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.5pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">Married Couples: When is tax payable?<o:p></o:p></span></b></div>
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<br /></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.5pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;"> On First
Death <o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.55pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">On Second Death<o:p></o:p></span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.5pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">Are Rules applied Nationally?<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.5pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">There are Regional differences but these only apply
to Spanish residents. Non-residents only get National rules<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.55pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">Yes, all rules are based on a set of <st1:place w:st="on"><st1:country-region w:st="on">UK</st1:country-region></st1:place>
laws<o:p></o:p></span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.5pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">Who pays the tax?<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.5pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">The beneficiaries pay any tax due<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.55pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">The Estate of the Deceased pays any tax payable<o:p></o:p></span></b></div>
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<br /></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.5pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">Does the tax rate change according to who is the
beneficiary?<o:p></o:p></span></b></div>
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<br /></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.5pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">Yes<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.55pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">No<o:p></o:p></span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.5pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">Who pays on what assets?<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.5pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">Spanish resident beneficiaries pay on worldwide
assets, whilst non-residents pay only on Spanish sited assets<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.55pt;" valign="top" width="178"><div class="MsoNormal">
<st1:place w:st="on"><st1:country-region w:st="on"><b><span style="font-family: Arial;">UK</span></b></st1:country-region></st1:place><b><span style="font-family: Arial;">
domiciled deceased Estates pay on worldwide assets. Residency is NOT an issue<o:p></o:p></span></b></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.5pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">Will Tax Planning reduce or eliminate the tax
payable?<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.5pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">Yes<o:p></o:p></span></b></div>
</td>
<td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 106.55pt;" valign="top" width="178"><div class="MsoNormal">
<b><span style="font-family: Arial;">Yes<o:p></o:p></span></b></div>
</td>
</tr>
</tbody></table>
</div>
<div class="MsoNormal">
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<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="color: red; font-family: Arial;">Please note that only one answer is common
to both ISD and IHT. Tax Planning is vital<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: Arial;">Additional reading is also recommended;<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: Arial;">ISD in more detail<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span style="font-family: Arial;"><a href="http://expatsfrombritain.blogspot.co.uk/2011/06/spanish-inheritance-tax-isd.html">Spanish
Inheritance Tax</a><o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: Arial;">Five Spanish Taxes affecting Non-Residents<o:p></o:p></span></b></div>
<div class="MsoNormal">
<b><span style="font-family: Arial;"><a href="http://expatsfrombritain.blogspot.co.uk/2012/04/five-spanish-non-resident-taxes.html">Non-Resident
Taxes</a><o:p></o:p></span></b></div>
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<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: Arial;">Please <a href="mailto:davidgoodall.spain@gmail.com">email</a>
me with any query you may have or to be referred to a Specialist Professional
for advice<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<br /></div>
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<br /></div>
<div class="MsoNormal" style="background: white; mso-line-height-alt: 13.5pt;">
<b><span style="color: red; font-family: Arial; font-size: 14.0pt;">David Goodall</span></b><span style="color: #222222; font-family: Arial; font-size: 14.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; mso-line-height-alt: 13.5pt;">
<b><span style="color: red; font-family: Arial; font-size: 14.0pt;">Financial Pages in<span class="apple-converted-space"> </span><st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place></span></b><span style="color: #222222; font-family: Arial; font-size: 14.0pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="background: white; mso-line-height-alt: 13.5pt;">
<b><span style="color: blue; font-family: Arial; font-size: 14.0pt;"><a href="mailto:davidgoodall.spain@gmail.com"><span style="text-decoration: none; text-underline: none;">davidgoodall.spain@gmail.com</span></a><o:p></o:p></span></b></div>
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</div>
Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-70246805829516640602014-02-03T12:14:00.000+01:002015-04-07T14:46:36.610+02:00Explaining Terms and Expressions - Pensions<b><span lang="EN" style="color: red; font-family: Arial; font-size: 14.0pt; mso-ansi-language: EN; mso-font-kerning: 18.0pt;">Explaining terms & expressions is important
but nothing beats Regulated and Qualified Financial Advice<o:p></o:p></span></b><br />
<br />
<div style="margin-left: 36pt; text-indent: -18pt;">
<!--[if !supportLists]--><span lang="EN" style="font-family: Symbol; font-size: 14pt;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">
</span></span><!--[endif]--><b><span lang="EN" style="font-family: Arial; font-size: 14pt;">Cut through the jargon<o:p></o:p></span></b></div>
<div style="margin-left: 36pt; text-indent: -18pt;">
<!--[if !supportLists]--><span lang="EN" style="font-family: Symbol; font-size: 14pt;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">
</span></span><!--[endif]--><b><span lang="EN" style="font-family: Arial; font-size: 14pt;">Check Further <st1:city w:st="on"><st1:place w:st="on">Reading</st1:place></st1:city><o:p></o:p></span></b></div>
<div style="margin-left: 36pt; text-indent: -18pt;">
<!--[if !supportLists]--><span lang="EN" style="font-family: Symbol; font-size: 14pt;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">
</span></span><!--[endif]--><b><span lang="EN" style="font-family: Arial; font-size: 14pt;">Beware:</span></b><b><span style="font-family: Arial; font-size: 14pt;"> Unauthorised</span></b><b><span lang="EN" style="font-family: Arial; font-size: 14pt;"> ‘advisers’ about!<o:p></o:p></span></b></div>
<br />
<strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">A Day</span></strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><br />
6 April 2006 was the day the UK Government pension simplification rules came
into effect. <o:p></o:p></span><br />
<br />
<b><span style="font-family: Arial;">ASP - Alternatively
secured pensions <o:p></o:p></span></b><br />
<span style="font-family: Arial;">At the age of 75
an alternatively secured pension would allow an individual withdrawal of
income, similar to an unsecured pension fund such as income drawdown<o:p></o:p></span><br />
<br />
<strong><span style="font-family: Arial;">AVCs</span></strong><strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"> – Additional Voluntary
Contributions</span></strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><br />
A pension top-up for an occupational pension scheme. The scheme members pay
contributions into an arrangement run by the employer to boost the main
pension.<o:p></o:p></span><br />
<br />
<strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">FSAVCs – Free-Standing Additional Voluntary Contributions</span></strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><br />
A pension top-up policy for an occupational pension, but separate from the
employer’s pension scheme and normally run by an insurance firm. <o:p></o:p></span><br />
<br />
<b><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">CNMV<o:p></o:p></span></b><br />
<span style="font-family: Arial;">Comision Nacional
del Mercado <st1:state w:st="on">del</st1:state> Valores is the principal
financial services regulator in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place>
and responsible for authorising investment products. A CNMV adviser can be
recommended, please<a href="mailto:davidgoodall.spain@gmail.com"> click</a>
here<o:p></o:p></span><br />
<br />
<b><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">DGS<o:p></o:p></span></b><br />
<strong><span lang="EN" style="font-family: Arial; font-weight: normal; mso-ansi-language: EN; mso-bidi-font-weight: bold;">Direccion
General de Seguros y Fondos de Pensions is the Spanish regulator for insurance
products which can be marketed in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>. <a href="mailto:davidgoodall.spain@gmail.com">Email</a> me to be referred to an authorised adviser<o:p></o:p></span></strong><br />
<br />
<b><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">FCA</span></b><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><br />
Took over from the FSA in April 2013. The Financial Conduct Authority is the <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region>'s financial
services regulator. The FCA also ‘passports’ authorised advisers to operate in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>. For a
recommended adviser <span style="color: blue;"><a href="mailto:davidgoodall.spain@gmail.com">click</a> <o:p></o:p></span></span><br />
<br />
<strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">Group Personal Pension</span></strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><br />
A type of<b> </b><strong><span style="font-weight: normal;">personal
pension</span></strong> offered by some employers but not classified as
occupational (see <strong><span style="font-weight: normal;">money purchase pension</span></strong>). <o:p></o:p></span><br />
<br />
<div class="MsoNormal">
<strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">Lifetime annuity<o:p></o:p></span></strong></div>
<div class="MsoNormal">
<span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">A lifetime annuity converts money from a pension fund into pension income,
which is taxable. There are different types to suit different circumstances and
generally treated</span><span style="font-family: Arial;"> favourably</span><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"> for tax purposes in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>. <o:p></o:p></span><br />
<span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><br /></span>
<span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><b>MiFID</b></span><br />
<span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">Markets in Financial Instruments Directive is the EU legislation which covers investment intermediaries and their activities. It also enables, for example FCA approved advisers to be' passported' into other EU countries such as Spain .</span></div>
<div class="MsoNormal">
<br /></div>
<strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">Money purchase pensions</span></strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><br />
Some occupational pensions and all personal, group personal, stakeholder,
FSAVCs and some AVCs are money purchase pensions. The contributions are
invested in, for example, the stockmarket or bonds. The size of the fund
depends on the contributions and how well the investments perform. At
retirement, there is a choice of options to provide you with a retirement
income. <o:p></o:p></span><br />
<br />
<strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">Occupational pension</span></strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><br />
These are only available through employers and run by pension scheme trustees.
There are two types – salary-related (defined benefit) and money purchase
(defined contribution). <o:p></o:p></span><br />
<br />
<b><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">Pension Liberation<o:p></o:p></span></b><br />
<span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">It should be made clear that Pension Liberation is
illegal. Typically,</span><span style="font-family: Arial;"> unauthorised</span><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"> advisers offer access
to your pension before the statutory retirement minimum age of 55. Proven cases
attract a penalty of up to 55% of the funds liberated.<o:p></o:p></span><br />
<br />
<strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">Personal pension</span></strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><br />
A pension policy taken out by an individual from an insurance company or
another financial institution and into which personal contributions are made.
It may also be offered by employers.<o:p></o:p></span><br />
<br />
<strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">Protected rights pension</span></strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><br />
This is the part of a pension fund which was used to contract out of the UK State
Second Pension (SERPS or S2P) that must be used to buy a <strong>protected rights annuity</strong>. <o:p></o:p></span><br />
<br />
<b><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">QNUPS - </span></b><span lang="EN" style="font-family: Arial;"> </span><b><span style="font-family: Arial;">Qualifying
Non UK Pension Scheme</span></b><span style="font-family: Arial;">, which meets
the criteria set by the regulations the <st1:place w:st="on"><st1:country-region w:st="on">UK</st1:country-region></st1:place> government brought out in
February of 2010. This means that for a <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region> or non-UK resident, there is an
opportunity to make contributions to overseas schemes, established as QNUPS,
with the knowledge that those funds will be sheltered from UK IHT. Individual
advice should be taken in all circumstances from a regulated and authorised
adviser. Please <a href="mailto:davidgoodall.spain@gmail.com">email</a> for a
recommendation. Also see reading below<o:p></o:p></span><br />
<br />
<strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">QROPS - Qualifying</span></strong><strong><span style="font-family: Arial;"> Recognised</span></strong><strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"> Overseas Pension Schemes<o:p></o:p></span></strong><br />
<strong><span lang="EN" style="font-family: Arial; font-weight: normal; mso-ansi-language: EN; mso-bidi-font-weight: bold;">These became
available from A-Day. </span></strong><span style="font-family: Arial;">It is a
pension scheme set up outside the <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region> that is regulated and recognised
for tax purposes as a pension scheme in the country in which it is located.
QROPS have been established in various countries across the world, many in
jurisdictions with beneficial tax rules. For specialist advice <span style="color: blue;"><a href="mailto:davidgoodall.spain@gmail.com">click here</a>
</span>Also see reading below<o:p></o:p></span><br />
<br />
<strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">Salary-related pension scheme (final salary or defined
benefit) </span></strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><br />
A type of occupational pension. The amount of pension you get is worked out on
your salary at or near retirement, or when you left employment, and your
pensionable service. <o:p></o:p></span><br />
<br />
<strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">Stakeholder pension</span></strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><br />
A type of personal pension that has to meet certain standards set by the UK
Government. An individual can take one out or it may be available through an
employer, but is not classified as occupational. <o:p></o:p></span><br />
<br />
<strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">State Pension</span></strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><br />
The UK Pension Service (part of the Department for Work and Pensions) will pay
the basic State Pension based on an individual’s National Insurance
contribution record. In addition, individuals may also qualify for the State
Second Pension based on their own earnings and National Insurance contributions.
<o:p></o:p></span><br />
<br />
<strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">State Second Pension</span></strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><br />
The State Second Pension is an additional State pension paid on top of your
basic State Pension. This was called SERPS. Self-employed people cannot build
up a State Second Pension. <o:p></o:p></span><br />
<br />
<strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">Tax-free lump sum</span></strong><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><br />
More accurately, tax free cash should be called Pension Commencement Lump Sum
(PCLS). This is an amount of cash set by tax law which you can take at
retirement free of tax under <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region>
rules. Salary-related occupational pension schemes may have different rules on
the amount of tax free cash you can take. <o:p></o:p></span><br />
<br />
<b><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">Unsecured Pension (Income
Drawdown)<o:p></o:p></span></b><br />
<span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">This is an alternative to buying an annuity but provides
an income whilst the pension is still invested. At age 75, the unsecured
pension must cease and be replaced by either a Lifetime Annuity or ASP. For non
<st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region>
residents or those intending to become non-resident, QROPS could be another
alternative.<o:p></o:p></span><br />
<br />
<br />
<span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">Pensions Advisers, including the ones that I recommend,
will be happy to cut through the jargon. <a href="mailto:davidgoodall.spain@gmail.com">Email</a> me for a recommendation<o:p></o:p></span><br />
<br />
<br />
<b><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;">Further reading <o:p></o:p></span></b><br />
<br />
<b><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/01/qrops-2014.html">QROPS
201</a>5<o:p></o:p></span></b><br />
<br />
<b><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><a href="http://expatsfrombritain.blogspot.co.uk/2014/01/qnups-2014.html">QNUPS </a><o:p></o:p></span></b><br />
<br />
<b><span lang="EN" style="font-family: Arial; mso-ansi-language: EN;"><a href="http://expatsfrombritain.blogspot.co.uk/2011/09/la-torre-fx-foreign-exchange.html">La
Torre Fx – Foreign Exchange</a><o:p></o:p></span></b><br />
<br />
<br />
<br />
<b><span lang="EN" style="color: red; font-family: Arial; font-size: 14.0pt; mso-ansi-language: EN;">David Goodall<o:p></o:p></span></b><br />
<b><span lang="EN" style="color: red; font-family: Arial; font-size: 14.0pt; mso-ansi-language: EN;">Financial Pages in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region><o:p></o:p></span></b><br />
<br />
<b><span lang="EN" style="color: red; font-family: Arial; font-size: 14.0pt; mso-ansi-language: EN;"><a href="mailto:davidgoodall.spain@gmail.com">davidgoodall.spain@gmail.com</a></span></b><span style="color: red; font-family: Arial;"><o:p></o:p></span>Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.comtag:blogger.com,1999:blog-1057871464547422949.post-41751901557025900802013-09-26T11:10:00.000+02:002013-09-26T11:10:00.236+02:00Moving to Spain<div class="MsoNormal">
<b><span style="color: red; font-family: Arial; font-size: 16.0pt;">Some Key Issues<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b><span style="font-family: Arial; font-size: 14.0pt;">This is not intended to be a
definitive list but I come across so many problems amongst <st1:country-region w:st="on">UK</st1:country-region> nationals in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place> which can be put down to poor
or even no planning. Even though there are costs, to get professional advice is
almost always cheaper in the long run.<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="margin-left: 57.6pt; mso-list: l0 level1 lfo1; tab-stops: list 57.6pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><b><span style="font-family: Arial; font-size: 14.0pt; mso-fareast-font-family: Arial;">1.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: normal;">
</span></span></b><!--[endif]--><b><span style="font-family: Arial; font-size: 14.0pt;">Research<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<span style="font-family: Arial;">In
the internet age there are huge numbers of resource waiting to be read.
However, I always ask you to consider who is giving you the information. Beware
of vested interests!<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<span style="font-family: Arial;">The
more independent information you can gather, the better. The archive to my blog
or my website are based on my own experiences but I encourage you to look at
other resources. <a href="http://www.financial-pages-in-spain.co.uk/"><b>Financial
Pages in Spain</b></a><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 57.6pt; mso-list: l0 level1 lfo1; tab-stops: list 57.6pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><b><span style="font-family: Arial; font-size: 14.0pt; mso-fareast-font-family: Arial;">2.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: normal;">
</span></span></b><!--[endif]--><b><span style="font-family: Arial; font-size: 14.0pt;">Know your area <i>before </i>you move<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<span style="font-family: Arial;">If
you’ve been somewhere on holiday, and loved it, do you really know it? From my
experience many people move on that basis and only then begin to know the
place. It’s part of your initial research really.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<span style="font-family: Arial;">I
found the British Embassy in <st1:state w:st="on"><st1:place w:st="on">Madrid</st1:place></st1:state>
very helpful and follow them on Twitter (@ukinspain) <o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 75.6pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 57.6pt; mso-list: l0 level1 lfo1; tab-stops: list 57.6pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><b><span style="font-family: Arial; font-size: 14.0pt; mso-fareast-font-family: Arial;">3.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: normal;">
</span></span></b><!--[endif]--><b><i><span style="font-family: Arial; font-size: 14.0pt;">Consider </span></i></b><b><span style="font-family: Arial; font-size: 14.0pt;">‘Rent before you buy’<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<span style="font-family: Arial;">My
Estate Agency friends and contacts will tell you I’m wrong because there are so
many bargains to be had! I still think this caution is good advice and I’ve
written about it before </span><a href="http://expatsfrombritain.blogspot.co.uk/2012/02/rent-before-you-buy-in-spain.html" style="font-family: Arial;"><b>Rent
before you buy in Spain</b></a></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<span style="font-family: Arial;">If
you do buy, the research and knowing your area are even more important.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<span style="font-family: Arial;"><br /></span></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<b><span style="font-family: Arial; font-size: 14.0pt;"><a href="http://expatsfrombritain.blogspot.co.uk/2012/02/rent-before-you-buy-in-spain.html"></a><o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-left: 57.6pt; mso-list: l0 level1 lfo1; tab-stops: list 57.6pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><b><span style="font-family: Arial; font-size: 14.0pt; mso-fareast-font-family: Arial;">4.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: normal;">
</span></span></b><!--[endif]--><b><span style="font-family: Arial; font-size: 14.0pt;">Take health very seriously<o:p></o:p></span></b></div>
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<st1:country-region w:st="on"><span style="font-family: Arial;">Spain</span></st1:country-region><span style="font-family: Arial;"> has one of the healthiest lifestyles in <st1:place w:st="on">Europe</st1:place> and generally has excellent medical facilities.
You must remember that whilst a European Health Insurance Card (EHIC) covers
you as a tourist, once you settle in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>, you need to register
locally. This procedure can be different according to area so you need <b>local </b>information about health services
and facilities<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 57.6pt; mso-list: l0 level1 lfo1; tab-stops: list 57.6pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><b><span style="font-family: Arial; font-size: 14.0pt; mso-fareast-font-family: Arial;">5.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: normal;">
</span></span></b><!--[endif]--><b><span style="font-family: Arial; font-size: 14.0pt;">Work out your finances including tax<o:p></o:p></span></b></div>
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<span style="font-family: Arial;">I
apologise if this seems obvious, but based on my INBOX, it doesn’t happen often
enough!<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<span style="font-family: Arial;">Choosing
a <b>Bank</b> is often an early decision.
It can be a problem if you choose the wrong one. Personally, I prefer Internet
Banking but it doesn’t suit everyone. Whether you can speak Spanish is another
key issue, as the local service you get can vary. Another reason to ask around
and see which one gets the most positive comments. There is no ‘best’ or even
‘worst’ bank but local knowledge is, in my opinion, key.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<b><span style="font-family: Arial;"><a href="https://dub122.mail.live.com/default.aspx?id=64855&owa=1&owasuffix=owa%2f#n=1214333555&fid=1">Getting
Professional Advice</a> </span></b><span style="font-family: Arial;">for which
there is no substitute is also very important. I often refer people to advisers
that I have checked out or my contacts have recommended. After 11 years
experience, in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>,
I’ve learned only to recommend the very best advisers.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<b><span style="font-family: Arial;">Tax </span></b><span style="font-family: Arial;">is vital and often misunderstood. Some people have said to me (in
summary) ‘I thought it would be the same as in <st1:country-region w:st="on"><st1:place w:st="on">England</st1:place></st1:country-region>’, that’s so, so wrong. From
my own experience the starting point is that it’s always different from the <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region>! Especially
in the early days and vitally if your Spanish is poor, you need a Fiscal
Representative, mainly to help with the endless paperwork. It maybe a service
your solicitor could provide but if you need specialist tax advice please <a href="mailto:davidgoodall.spain@gmail.com"><b>Email</b></a> me.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: 57.6pt;">
<br /></div>
<div class="MsoNormal" style="margin-left: 57.6pt; mso-list: l0 level1 lfo1; tab-stops: list 57.6pt; text-indent: -18.0pt;">
<!--[if !supportLists]--><b><span style="font-family: Arial; font-size: 14.0pt; mso-fareast-font-family: Arial;">6.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: normal;">
</span></span></b><!--[endif]--><b><span style="font-family: Arial; font-size: 14.0pt;">Get <i>independent </i>legal advice<o:p></o:p></span></b></div>
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<span style="font-family: Arial;">If
you were buying a house in the <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region>,
chances are you’d choose your own Conveyancing Solicitor or one recommended by
a friend. That should apply in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place>
too, but buyers seem happy to accept the recommendation of the builder – he’s
not independent or even on your side – he’s the <b>builder’s solicitor <o:p></o:p></b></span></div>
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<span style="font-family: Arial;">Your
solicitor, knowing your situation, is also the best person to advise on a <b>Spanish Will </b>which you do need<o:p></o:p></span></div>
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<span style="font-family: Arial;">If
you don’t know a solicitor, please ask around or I will recommend one if I know
a <b>proven </b>one in your area. Certainly
in your early days in <st1:place w:st="on"><st1:country-region w:st="on">Spain</st1:country-region></st1:place>,
you need an English-speaking legal adviser. <a href="mailto:davidgoodall.spain@gmail.com"><b>Email</b></a> me for a recommendation.</span><span style="font-family: Arial; font-size: 14.0pt;"> <o:p></o:p></span></div>
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<!--[if !supportLists]--><b><span style="font-family: Arial; font-size: 14.0pt; mso-fareast-font-family: Arial;">7.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: normal;">
</span></span></b><!--[endif]--><b><span style="font-family: Arial; font-size: 14.0pt;">Put your <st1:place w:st="on"><st1:country-region w:st="on">UK</st1:country-region></st1:place> affairs in order<o:p></o:p></span></b></div>
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<span style="font-family: Arial;">In
many respects it’s the mirror image of what you need to do in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region>. I would
however suggest in particular that you tell the tax authorities. If you don’t
then HM Revenue & Customs (HMRC) will chase you for years to come. Timing
your departure can also be beneficial in having a tax-free year, if applied
correctly. <b><a href="mailto:davidgoodall.spain@gmail.com">Email</a> </b>for more
information.<o:p></o:p></span></div>
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<span style="font-family: Arial;">The
Department of Work & Pensions need to know of the change in circumstances
whether or not you are retired and should be informed. You should also tell
your local authority and GP. <o:p></o:p></span></div>
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<!--[if !supportLists]--><b><span style="font-family: Arial; font-size: 14.0pt; mso-fareast-font-family: Arial;">8.<span style="font-family: 'Times New Roman'; font-size: 7pt; font-weight: normal;">
</span></span></b><!--[endif]--><b><span style="font-family: Arial; font-size: 14.0pt;">Don’t become isolated<o:p></o:p></span></b></div>
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<span style="font-family: Arial;">Even
if you get to know many British expats, learning Spanish can really help your
life in many respects. I’ve always found the Spanish very tolerant even if you
only try to speak their language.<o:p></o:p></span></div>
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<span style="font-family: Arial;">Courses
are widely available and always of value <o:p></o:p></span></div>
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<b><span style="font-family: Arial;">There is much more information on many subjects in my
BLOG ACHIVE but the following are especially recommended;<o:p></o:p></span></b></div>
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<b><span style="font-family: Arial;"><a href="http://expatsfrombritain.blogspot.co.uk/2011/09/la-torre-fx-foreign-exchange.html">La
Torre Fx – Foreign Exchange</a><o:p></o:p></span></b></div>
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<span style="font-family: Arial;">Offering better rates and
service than the banks, internet facility available 24 hours per day.<o:p></o:p></span></div>
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<b><span style="font-family: Arial;"><a href="http://expatsfrombritain.blogspot.co.uk/2013/09/savings.html">UK Savings</a><o:p></o:p></span></b></div>
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<span style="font-family: Arial;">If you live in <st1:country-region w:st="on">Spain</st1:country-region>, should your savings be in the <st1:country-region w:st="on"><st1:place w:st="on">UK</st1:place></st1:country-region>. It’s worth
considering.<o:p></o:p></span></div>
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<b><span style="font-family: Arial;"><a href="http://expatsfrombritain.blogspot.co.uk/2013/03/spain-sun-still-shines-and-lifestyle-is.html">Spain
– The sun still shines and the lifestyle is healthy</a><o:p></o:p></span></b></div>
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<span style="font-family: Arial;">Serious reasons to move to <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region> but my
light hearted review<o:p></o:p></span></div>
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<b><span style="color: red; font-family: Arial; font-size: 14.0pt;">David Goodall<o:p></o:p></span></b></div>
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<b><span style="color: red; font-family: Arial; font-size: 14.0pt;">Financial Pages in <st1:country-region w:st="on"><st1:place w:st="on">Spain</st1:place></st1:country-region><o:p></o:p></span></b></div>
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<b><span style="color: red; font-family: Arial; font-size: 14.0pt;"><a href="mailto:davidgoodall.spain@gmail.com">davidgoodall.spain@gmail.com</a><o:p></o:p></span></b></div>
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Financial Pages in Spainhttp://www.blogger.com/profile/04778168498979861969noreply@blogger.com