Since starting in August 2010, Financial
Pages in Spain
Pensions
This
post lists 30 different types of UK Pensions Schemes to help readers understand
what the might have. There are then a series of questions and answers
- QROPS
– Comparing Jurisdictions
Following
very substantial changes to the rules and regulations, in April 2012, QROPS
(Qualifying Recognised Overseas Pension Schemes) have changed substantially.
Here is an update of the key jurisdictions for QROPS
- QNUPS
(Qualifying Non-UK Pension Schemes)
These
were introduced in 2010 under arrangements to shelter retirement income
producing assets from UK Inheritance Tax (IHT). British nationals who are
Spanish residents often, mistakenly, think that IHT doesn’t apply to them
This
summary will be of interest to expats who work, are near retirement or already
retired. It includes a summary of Section 615 schemes for those who work in Spain
Our
hard earned pensions are often our second biggest asset (even if you didn’t
know it). You need PROFESSIONAL ADVICE to look after your future income and
protect its capital value. Please email
to be referred to an adviser I have thoroughly checked.
Taxation
- Tax
Avoidance and Tax Evasion
These
issues are topical though I am regularly annoyed that newspapers, broadcasters
and politicians confuse the two. Its easy to deal with tax evasion – it’s
illegal. Tax avoidance is legal but much more complex. Seems to me that most
taxpayers, in any country, want to AVOID tax as long as they are not illegally
EVADING tax!
- Five
Non-Resident Taxes
This
is an issue which never fails to amaze me.
I’ve produced a PDF which anyone can request. I suspect that everyone
who owns property in Spain
- Spanish
Inheritance Tax (ISD) - Impuesto sombre
sucesiones y donaciones
The
first important fact that expats and property owners should know is that UK IHT
and Spanish ISD are not covered by a
Double Taxation Agreement or Treaty. British nationals are often shocked to
learn that ISD is payable on the death of the first spouse or partner.
Whatever your taxation position
and even your liability in the future, planning is key. Email and I’ll link you to a
professional if you give me a brief outline.
Investment Planning
- Why
Invest Offshore?
Well
certainly NOT for tax evasion! Offshore investment suits a surprisingly large
number of expats and property owners. It’s certainly worth investigating but
only through professional advice.
- Tax
Efficient Savings for Expats
This
includes long term investments as well as traditional savings. For the expat
there is often the added complication of foreign exchange differences too.
Other Important Issues
- 10 Things
that some advisers won’t tell you
When
someone first told me, I didn’t believe it! Many advisers, even those saying
they are regulated by FSA, refuse to disclose commission which has been a UK
- Getting
a Second Opinion
Financial
Pages in Spain
- La
Torre Fx – Foreign Exchange
It’s
online and available 24 hours per day, every day of the year. After setting up
the account, it can be used over and over again. Your first use takes a little
longer to comply with necessary ID checks, but after that it’s super-quick! The
rates offered have been specifically targeted at beating the banks and giving you the bonus
Enjoy Spain – avoid the usual pitfalls and can I
suggest that you follow
‘Financial Pages in Spain
@davidgspain Twitter
DavidGoodall.Spain Facebook
David Goodall
Financial Pages in Spain
