Gavin Scott, Senior Partner, Blevins Franks
The Blevins Franks Guide to Living in Portugal is the definitive guide to the tax and wealth management issues for expatriates living here.
Now in its 5th edition, this 180-page book examines the key financial issues for a UK national planning to move to Portugal, already living in Portugal or considering returning to the UK. It is an excellent guide for those who wish to ensure that their finances are properly structured to avoid unnecessary taxation.
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Read about The Battle to keep the Winter Fuel Payment - The Manipulation of Facts & Statistics by the Department for Work & Pensions.
Read up to date details about the Falling Oil price, Deflation in Europe, China's faltering economic growth and Russia's currency crisis in this months Market Insight from Private Fund Management in Almancil.
Even if you are resident in Portugal, British expatriates need to keep up to date with UK taxation as it may continue to affect you. Here is a summary of some of the key points of the December Autumn Statement.
An insight to the Autumn Tax Budget by Private Fund Management, including UK Personal Tax Allowances up, Devolvement of certain taxes to Northern Ireland, Wales and Scotland, 'Google' Tax announced, ISA's to remain Tax Free after death, Banks hit with £4bn extra tax bill, Higher Tax band to be raised, UK Borrowing Forecasts revised, and Stamp Duty rates revised.
Flexible Access. From April 2015, total freedom for pension incomes will be allowed, where the whole pension can be taken as a lump sums if required.
This pattern of performance highlights how investors do not like uncertainty. The market reaction has been more restrained since, but conditions are hardly settled. With a general election scheduled for next May they are unlikely to get much better.
On a short-term view, the movements in Equity Markets over the last two weeks have not been pleasant, with markets down and volatility up.
