The economy is a bit like the “ocean” that your investments “float” in. During harsh weather (e.g. a recession), your investments might experience turbulence, leading to short-term price volatility.
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Income vs lump sum for financial protection
How can you provide an effective safety net for your finances? A good starting point is to hold a strong set of emergency savings (e.g. 3-6 months’ worth of living costs) in an easy-access account. However, this will only take you so far in the event of a serious illness or accident which stops you from working.
Election 2024: Possible tax changes ahead?
With the 2024 general election campaign in full swing, many expats are asking how the outcome of the poll (scheduled on 4 July) might affect them. In particular, are tax changes on the horizon? What could a change in government potentially mean for Brits living abroad?
The State Pension: A short guide for expats
The UK State Pension is typically a crucial part of a British person’s retirement plan. Yet, how does it work for those living overseas? Are you still entitled to a State Pension, and do the rules apply differently to expats?
Alternative retirement plans: are pensions my only option?
For many people, pensions will be the “bread and butter” of a retirement plan. In 2024-25, pensions are still widely regarded as highly tax efficient, helping savers in building long-term wealth. Yet, what are alternatives? How do they compare to pensions?
How to invest 30K. Five ideas from a financial planner
Have you recently received a windfall, such as an inheritance, and are wondering what to do with it? Perhaps you wonder how you might invest a lump sum if you ever received one. In this article, our financial planners offer some ideas about how someone could invest £30,000 in 2024. We hope these insights are useful.
“Is life insurance taxable?” and other FAQs answered.
Life insurance and tax. How do they relate to each other, and how does this affect your finances? In today’s uncertain world, it is vital to have a financial safety net in place, ready to protect you and your loved ones. However, you do not want any unexpected taxes arriving, potentially eroding the lump sum (or replacement income) you hope to receive.
Can I avoid paying council tax on an empty property?
For many British expats, it is common to have a property back in the UK. Often, the property will be rented out (e.g. on a Buy to Let or “lease to let” basis), providing an income to cover the mortgage, pay for maintenance/admin costs and, hopefully, generate a small profit. However, owning property in this way can bring complications, especially regarding tax.
The Spanish Exit Tax: A Short Guide
Many British people (understandably) dream of their anticipated new life overseas. Yet have you considered what might happen if you leave your country of destination? In Spain, an “Exit Tax” can apply to certain UK citizens when they formally move to another country.
Insure a life (Seguro de Vido) – navigate life insurance in Spain
What would happen to your loved ones if the worst happened? This is not a fun question to ask ourselves, but it must be asked – especially if we have dependents, such as young children. British expats do have a range of financial protection options.