We have been inundated with enquires from many British Nationals who have major concerns about their Trust and its taxation in Portugal. We have either allayed their fears or resolved these tax issues. So if there is anything that concerns you with your financial affairs either in Portugal or the UK, please do not hesitate to contact us for a "no obligation" discussion.

In this weeks 'Tax Insight', we cover the UK Budget and a few other important issues...

As suspected in an election year, the UK Budget had little in the way of surprises. The Chancellor made it clear that ‘we are all in this together’ and it is essential that we continue to follow a clear, cautious financial strategy.

Key changes are Personal Allowances and Income tax rate bands, New personal savings allowance,,Capital gains tax, Inheritance tax, Pension lifetime allowance Pension freedom extended to annuities and County by country reporting.

Earlier this month (March 2015), the Guardian, the BBC, Le Monde and 50 other media outlets reveal that HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of assets, doling out bundles of untraceable cash and advising clients on how to circumvent domestic tax authorities. The HSBC files consist of thousands of pages made available via the International Consortium of Investigative Journalists.

I’ve spent the last 40 years working and saving – so what’s next? Should I remain in the UK or consider pastures new? Well someone once said, “The grass is not any greener on the other side” – but what if it was?

Expats may be able to benefit from generous tax legislation in some popular retirement destinations if they decide to make use of new flexible pension rules.

Investing is not for everyone! Sometimes we actively discourage people from investing, it might seem a bit strange for us to say this but you should only invest when its right for you. Here are the three main reasons why you shouldn't invest ...

In this week's issue, we cover:

- the EU v Greece "goes into extra time" on the deliberations over the extension to the bailout,
- Greenspan states that a Greece exit (Grexit) is inevitable,
- the political concerns in Spain are more of an issue than the Greek problems, and,
- UK inflation hits a record low.

CLICK HERE to read more.

Many savers are finding it difficult to know what to do in these difficult times,  inflation rates are high, bank interest rates are low, and government bonds no longer seem safe and the stock market is too volatile. So what should you do with your money? keep it under the mattress?
Keeping your money under the mattress is not the answer, if you don't want your money eroded by inflation. Every day you delay making a sound financial plan that is what is happening to your money.

This months news from Private Fund Management in Almancil includes...

1. Trusts in blacklisted tax havens will be taxed at 35% by the tax authorities in Portugal, and we also explain what a Trust is
2. Malta aligns itself with the UK - anyone with a QROP pension scheme in Malta will have the same access rights to their pension fund as someone in the UK from April this year
3. Many maybe disappointed that these "pension freedoms" coming into force in April could be thwarted in the UK
4. And, finally, we cover the Clydesdale Bank closure in Guernsey, as we have received many enquiries on this

CLICK HERE to read more.

T: +351 289 392 484
E: info@privatefund.management
W: www.privatefund.management