Financial Advice for Expats - The Spectrum IFA Group

Foreign exchange market update

With the help of Moneycorp, lets take a look at this month’s market update with the recent political, economic & global news. Whats happened, how has the market reacted and what the future holds.

Big shock to markets in August already – What happened!?
What has been the market reaction?
What next?

Need to know more? 💶 💵 💷

https://spectrum-ifa.com/foreign-exchange-market-update/

Foreign exchange market update | The Spectrum IFA Group With the help of Moneycorp, lets take a look at this month’s foreign exchange market update - talk to the experts

A quick question for all Italian residents (whether you are DOC Italians or foreigners who have moved here...

Have you thought about your family situation and how Italian family law might apply to it?

Italy being Italy, the modern iteration of family law is complicated and requires action by a couple in order for there to be any kind of recognition of their status. Andrew Lawford takes a further look at:

🇮🇹 Marriage
🇮🇹 Unione Civile
🇮🇹 Conviventi di fatto
🇮🇹 Unregistered de facto relationships
🇮🇹 Forced heirship and foreigners
🇮🇹 Inheritance taxes & Living wills

Need to know more...?

https://spectrum-ifa.com/love-life-and-financial-planning-in-italy/

Peter Brooke Financial Advice from our office in the Provence Alpes & Cote d'Azur office looks back at the year thus far and what in store over the coming months

Markets
Elections
Currencies.
Inflation

As an expat living in France or even thinking about moving to France, check out Peter's article below:

https://spectrum-ifa.com/2024-market-update/

2024 Market Update | The Spectrum IFA Group 2024 Market Update. Following my outlook in January I am writing with a quick update on the year so far and a look into 2025.

Top financial tips – Spain July 2024

Expats living in Spain?

Read the monthly report from Chris Burke in our Barcelona office

✅Biometric card for entry & exit to Spain – Autumn 2024
✅Inheritance tax & gift tax in Spain
✅Are you over 80 and receiving a UK state pension?

Need to know more? ⤵️

https://spectrum-ifa.com/top-financial-tips-spain-july-2024/

Top financial tips - Spain July 2024 | The Spectrum IFA Group Top financial tips - Spain July 2024. A great unknown for those who are non-Spanish and tax resident in Spain is how inheritance tax works

Have you made THE Folder?

A time of loss can be stressful enough without having to try and piece together the deceased’s financial affairs. This can be a really difficult time for family members. However, preparing the folder is much more than avoiding stress.

If you leave behind an administrative nightmare you could delay the access of inheritors or beneficiaries of funds and potentially cost a small fortune in legal fees. Imagine trying to track down investments you have no record of or pensions that may have been held for 50 years or more?

Download your personal template below:

https://spectrum-ifa.com/have-you-made-the-folder/

Have you made THE folder? | The Spectrum IFA Group Have you made THE folder? The point of creating your folder is to ensure that there is a record of your assets, & other vital information

The all important WHY, WHAT and HOW of regular financial reviews.

Peter Brooke Financial Advice from our office in the Provence Alpes & Cote d'Azur region runs through the vital steps ensuring that clients are on track to meet their financial goals.

Need to know more? ⤵️

https://spectrum-ifa.com/the-financial-review-process/

The Financial Review Process | The Spectrum IFA Group The Financial Review Process. I wanted to take this opportunity to go through the steps in our ‘Client Financial Review Process’.

British and living in Italy?

You need to start following Gareth Horsfall Spectrum IFA

Sign-up to his regular ezines:

Are you over 80 years old and receiving a UK state pension?

You need to read this ⤵️

https://spectrum-ifa.com/british-living-in-italy/

spectrum-ifa.com

Moving to Spain?

It’s a big decision to make, selling up in the UK and moving to Spain, but it’s also a decision that needs careful planning when it comes to making sure you don’t get caught up in the Spanish Tax system unnecessarily.

Jeremy Ferguson Spectrum IFA along with Upsticks.es discuss this on their latest podcast

Watch below:

https://spectrum-ifa.com/the-spanish-capital-gains-tax-trap/

The Spanish Capital Gains Tax Trap | The Spectrum IFA Group It’s a big decision to make, selling up in the UK and moving to Spain. Careful planning is required when it comes to the Spanish tax system

Financial update July 24 - France.

✅ Autoentrepreneurs
✅ Second homes owners in France - taxe foncière and taxe d’habitation payments
✅ Can you amend your online tax declaration?

https://spectrum-ifa.com/financial-update-july-2024-france/

Financial update July 2024 - France | The Spectrum IFA Group From 31st July and until 4th December, you will be able to amend your online tax declaration on the impots.gouv.fr website

Buying your dream home in France – webinar

Watch a recording of the webinar below:

Our experienced panelists:
Karen Tait – Webinar host
Peter Brooke Financial Advice – Wealth & tax planning from The Spectrum IFA Group
Joanna Leggett – French Property Expert from Leggett
Jonathan Watson – Currency Expert from Lumon
Paulette Booth – Banking and insurance expert from AXA
Tracy Leonetti – Visa & paperwork expert from LBS
Sharon Revol – Mortgage expert from Cafpi

https://spectrum-ifa.com/buying-your-dream-home-in-france-webinar/

Buying your dream home in France - webinar | The Spectrum IFA Group Buying your dream home in France - if you are looking at buying and/or relocating to France then please join us for this live webinar

WEBINAR - TUESDAY 18TH JUNE

Are you thinking of buying your dream home in France?

Join our very own Peter Brooke Financial Advice for the interactive and engaging webinar.

Need some questions answered?

Sign-up below and send your questions to our experts on the panel

🗓️ Tuesday 18th June
⏱️ 6pm UK time / 7pm French time
⏳ 60 mins - session length

Host - Karen Tait
Joanna Leggett French Property Expert from Leggett Jonathan Watson Currency Expert from Lumon Currencies
Sharon Revol - CAFPI Mortgages
Tracy Leonetti - LBS Relocation Experts
Paulette Booth - AXA International Insurances
Wealth & tax planning - Peter Brooke

Sign-up here: https://register.gotowebinar.com/register/7340024505048190550?source=SPECTRUM

Are you thinking of buying your dream home in France?

Join our very own Peter Brooke Financial Advice for the interactive and engaging webinar.

Need some questions answered?

Sign-up below and send your questions to our experts on the panel

Host - Karen Tait
Joanna Leggett French Property Expert from Leggett Jonathan Watson Currency Expert from Lumon
Sharon Revol - CAFPI Mortgages
Tracy Leonetti - LBS Relocation Experts
Paulette Booth - AXA International Insurances
Wealth & tax planning - Peter Brooke

🗓️ Tuesday 18th June
⏱️ 6pm UK time / 7pm French time
⏳ 60 mins - session length

Sign-up here: https://register.gotowebinar.com/register/7340024505048190550?source=SPECTRUM

Wealth Tax in France.

Are you liable for wealth tax on your world wide assets?

Read the latest June update on Finances in France.

https://spectrum-ifa.com/financial-update-june-2024-france/

Financial update June 2024 - France | The Spectrum IFA Group From 2025, if your world wide assets are worth more than €1.3million you will have to do a wealth tax return next year.

❓Have you lived and worked in the UK and paid National Insurance Contributions

✅You may be able to buy top-up years for missed years from 2006 onwards

⚖️ However, there is a difference between Class 2 & Class 3 contributions

➡️The next steps to find out more:

https://spectrum-ifa.com/the-value-in-uk-national-insurance-contributions/

The Value in UK National Insurance Contributions | The Spectrum IFA Group If you have lived and worked in the UK and have paid National Insurance Contributions (NICS) you may be able to buy top-up years

“Nothing is constant but change”
– Heraclitus

A favourite quote from our adviser in Rome - Gareth Horsfall Spectrum IFA

After living in the city for the past 20 years, Gareth has decided to find a little more peace and quiet in Amelia, Umbria - about an hour north of Rome.

So, whats in store for Gareth and his family.....

https://spectrum-ifa.com/moving-to-pastures-new/

Moving to pastures new | The Spectrum IFA Group I have been yearning to get out into pastures new, somewhere with greenery and birds tweeting in the morning rather than the sound of traffic

Join our very own Ask Amanda France , one of the distinguished speakers at this free webinar.

With over 30 years of experience as a Financial Adviser in both the UK and France, Amanda is well-versed in financial planning and high-net-worth client management. She is currently with the Spectrum IFA Group, assisting clients in the Loire Valley and Poitou Charente, and has recently joined the Spanish team in Valencia.

Don’t miss out on this opportunity!

Are you looking to relocate to France or to buy your dream home and live 'la belle vie' ?

🔔Register here ➡️ https://attendee.gotowebinar.com/register/2967716461638788695?source=ifa

Join the free webinar on May 28, 2024, where the panel of experts will answer all your questions about relocating to France. Topics include the healthcare system, taxes, visas, renting out your holiday home, currency transfers, and the buying process in France.

🗓️ Tuesday, May 28, 2024
⏱️ Start time: 18:00 (UK), 19.00 (CET)
⏳ 60 minutes of facts...you need to know

Baby boomer homes will have to be sold off in a “fire sale”

Dennis Radford looks at the subject of ever increasing Inheritance Tax liabilities being suffered by so called ‘Baby Boomers’ in the UK.

HMRC is already reporting that families handed over a record £7.5bn in IHT last year – an increase of £400m – and forecasts suggest it could rise another £2bn before 2030.

Will this affect you and what can be done to reduce this liability?

Need to know more? ⤵️

https://spectrum-ifa.com/uk-inheritance-tax/

UK Inheritance tax | The Spectrum IFA Group UK Inheritance tax - IHT in the UK is now a 40percent “death tax” charge on someone’s estate. Will this apply to you?

Are you eligible for a French pension?

Katriona Murray from our office in the Poitou Charentes, Limousin & Aquitaine area looks at how important it is to plan ahead and enquire about your entitlements sooner rather than later!

Need to know more? ⤵️

https://spectrum-ifa.com/french-pensions/

French pensions | The Spectrum IFA Group French pensions. Approaching retirement, in addition to any other state or private pensions, we will need to apply for our French pension

Are you living in Madrid and looking to expand your business network and make new contacts?

Join our local team for the next Madrid Business Lunch.

The April Madrid Business Lunch was a resounding success and thanks to all who joined us.

We shall return to The Irish Rover and keep things informal with the tapas and let people mingle and chat.

🗓️ 13th June
⏱️ 13.30
📍 The Irish Rover, Avenida de Brasil, 7, Madrid, 28020

if you are looking to expand your business network and meet new people in the city, then look no further.....

Sign up below and let's get networking !

https://the-business-lunch.eventcube.io/events/60502/the-madrid-business-lunch

JOIN OUR LIVE WEBINAR TONIGHT

Buying your dream home in France.

Along with International Private Finance, Lumon, Alpine Property and our own local adviser Alan Watson in the Rhone-Alpes region, this is your chance to have those all important questions answered by the experts.

🗓️ 15th May
⏱️ 7pm CEST

Sign up below and submit questions you would like covered so we can make this time as valuable as possible.

https://register.gotowebinar.com/register/1138893272378970972?source=SO1

'Living in the Algarve Free Seminar Event'

🗓️ 23rd May 2024
⏱️ 11am or 3pm (identical content, choose the session to suit you)
📍 Vila Galé Tavira Hotel, R. 4 de Outubro, 8800-362 Tavira
Join our locally based advisers Tax & financial advice for expats in Portugal.

Join our team Tax & financial advice for expats in Portugal plus other experts about living in the Algarve.

What you can expect to learn from our seminar sessions?
· Practical information about living in the Algarve
· How Portuguese taxation can effect you as a foreign resident
· Information about residency (especially for UK and other non-EU nationals)
· An update on the Non Habitual Residency
· Legal aspects about buying a property
· Information on the property market
https://spectrum-ifa.com/living-in-the-algarve-free.../

Living in the Algarve Free Seminar Event | The Spectrum IFA Group Living in the Algarve events provide an excellent opportunity for anyone who is planning to either move to or buy a property in the Algarve.

'Living in the Algarve Free Seminar Event'

🗓️ 23rd May 2024
⏱️ 11am or 3pm (identical content, choose the session to suit you)
📍 Vila Galé Tavira Hotel, R. 4 de Outubro, 8800-362 Tavira

Join our locally based advisers Tax & financial advice for expats in Portugal

What you can expect to learn from our seminar sessions?
· Practical information about living in the Algarve
· How Portuguese taxation can effect you as a foreign resident
· Information about residency (especially for UK and other non-EU nationals)
· An update on the Non Habitual Residency
· Legal aspects about buying a property
· Information on the property market

https://spectrum-ifa.com/living-in-the-algarve-free-seminar-event/

Living in the Algarve Free Seminar Event | The Spectrum IFA Group Living in the Algarve events provide an excellent opportunity for anyone who is planning to either move to or buy a property in the Algarve.

Buying your dream home in France.

Along with International Private Finance, Lumon, Alpine Property and our own local adviser Alan Watson in the Rhone-Alpes region, this is your chance to have those all important questions answered by the experts.

JOIN OUR LIVE WEBINAR

🗓️ 15th May
⏱️ 7pm CEST

Sign up below and submit questions you would like covered so we can make this time as valuable as possible.

SIGN UP HERE: https://attendee.gotowebinar.com/register/1138893272378970972?source=SS1

We all need somewhere to live

Owning our home is generally considered to be a good idea.

How do we cope with falling house prices, especially in the UK?

https://spectrum-ifa.com/we-all-need-somewhere-to-live/

We all need somewhere to live | The Spectrum IFA Group We all need somewhere to live - buying property. However, a well-diversified global investment portfolio is a different proposition altogether

Life expectancy and investing for the future.

What is your time line for investing?

Barry Davys, Spectrum IFA Group - Expat Financial Advice Spain from our office in Barcelona discusses the increase in our life expectancy rates and asks - Are we prepared?

Need to know more? ⤵️

https://spectrum-ifa.com/i-feel-sick-that-i-am-not-going-to-the-caribbean-and-patagonia/

I feel sick that I am not going to the Caribbean and Patagonia… | The Spectrum IFA Group How would you feel knowing that your hard-earned savings could be earning 9.6% pa but you have opted for an alternative at just 2%?

UK inheritance taxes reduced for Valencia residents

New UK inheritance tax rules provide further benefit to Valencian Community residents in Spain.

The UK government is looking to move from a domicile basis to a residence basis. To determine where one is domiciled can be a complicated exercise.

Are you an expat living in the Valencian Community?

Need to know more? ⤵️

https://spectrum-ifa.com/uk-inheritance-tax-and-living-in-valencia/

UK Inheritance tax and living in Valencia | The Spectrum IFA Group UK Inheritance tax and living in Valencia. There are proposed changes to UK inheritance tax which I will discuss in this article.

Pension, tax & financial planning seminars for British & Irish nationals in Portugal.

Our local team for Tax & financial advice for expats in Portugal recently ran two educational seminars in Lisbon and the Algarve regions.

Together with Susan Brooks from Momentum Pensions and Richard Flood with Lorraine Reddaway from RBC Brewin Dolphin they discussed the 2024 tax landscape, retirement planning options, investment solutions and tax strategies for expatriates living in Portugal.

Over the two days we were delighted to welcome over 75 attendees.

Thanks to the staff at the hotels and to everyone for their engaging participation.

Stay tuned for further open forum seminars in 2024.

Are you British and living in Spain?

"One of the hardest things I have to explain to a lot of clients who live here is what the difference is between residence and domicile."

Jeremy Ferguson Spectrum IFA discusses the proposed changes to inheritance tax.

Need to know more? ⤵️

https://spectrum-ifa.com/proposed-changes-to-uk-inheritance-tax/

Proposed changes to UK Inheritance tax | The Spectrum IFA Group One of the hardest things I have to explain to a lot of clients who live here is what the difference is between residence and domicile