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Stay on top of your finances in 2024 with Blacktower Financial Management
Sign up today for a range of workshops run by your financial experts on the Costa Cálida
Start the new year off on the right foot by getting your finances in order. At Blacktower Financial Management, an experienced team of financial advisors will work closely with you to understand your unique situation and develop strategies to help you achieve financial success. Whether you're looking to save for retirement, navigate the intricacies of Spanish tax law or simply improve your overall financial well-being, Blacktower has you covered.
Throughout the year, Blacktower will be conducting workshops in the Costa Cálida area on the following subjects:
- Finances and Taxes – UK v Spain
- Asset declaration and the Modelo 720 – how to avoid fines and pitfalls
- Common Reporting Standards – what information will the Spanish authorities now have on you?
- Investing tax efficiently in Spain – what next for people holding ISAs, PEPs, TESSAs and National Savings in the UK?
- Pensions – should you transfer pension funds or not?
- Getting the best returns from your investments
If you're interested in learning more about how any of the topics above may impact your personal finances, consider attending a local workshop or scheduling a one-to-one consultation with the team. During your session, you'll have an opportunity to discuss your unique financial situation and explore ways to protect and grow your wealth in today's uncertain financial climate.
Don't miss this opportunity to take control of your financial future and turn your aspirations into reality. Don’t delay, book your spot today.
The local Blacktower office address is: 120 Avenida Dr. Artero Guirao 2C. San Pedro Del Pinatar, 30740, Murcia, Spain. The office suite is easy to find on the main N332 through road of San Pedro del Pinatar with convenient parking.If you want more information or wish to make an appointment to discuss your own situation then contact Blacktower via:
- Email: keith.littlewood@blacktowerfm.com
- Website: www.theblacktowergroup.com
- WhatsApp: 0034 657 684 094
Blacktower Insurance Agents and Advisors Limited is authorised and regulated by the Cyprus Insurance Companies Control Service (ICCS) under Licence number 5101. Blacktower Financial Management (Cyprus) Limited is licensed and regulated by the Cyprus Securities &Exchange Commission (“CySEC”) with Licence number 386/20.
Financial Advice Issues for Expats in Spain
I have been a Qualified Financial Adviser for almost 35 years now. 25 years in the UK for major institutions such as Natwest, RBS and Royal London. I have been in Spain giving expats financial advice now for 10 years and it is quite remarkable the different approaches as well as advice that is required for an expat now living in Spain. Blacktower is a company that has specialised in providing the best solutions for its clients living outside the UK for 30 years also.
The currency issue is always high on the agenda and a discussion for the long term future has to be taken onto account. Questions like What will happen if one partner dies? Will the other remain in Spain? What about other family members? What Inheritance tax provisions do you have in place? The list goes on and on.
Existing portfolio’s and investments that were the mainstay of portfolios in the UK may now be obsolete. An example of this is quite often tax efficient products in the UK like ISA’s and previously held TESSA’s PEP’s actually have low growth rates and provide no tax advantage to a Spanish fiscal resident.
Existing Pension holdings either paid by the state or private pensions built up through working lifetimes are topics that have to be covered. Many expats have lots of small pensions from many ex employers and can be confused by the communications and administration in dealing with them. At Blacktower we specialise in advising on how to consolidate and bring all these pensions together in one place.
Bank accounts and investments in Spain always bring up lots of questions too. Quite often the small print associated with financial products in Spain is in Spanish this can make it very difficult even if you have a good grasp of the language. Understanding Jargon in English is sometime difficult enough. I provide clear easy to understand letters and documents in English so that you fully understand any terms and conditions before making a decision.
Advice on tax efficiency is just as important and offering good returns. There are products available exclusively for Spanish expats that can provide invaluable benefits. Having a good base knowledge of the tax implications both now and in the future is an essential ingredient to making a sound decision.
I will complete a thorough factfind, ask you the right questions, establish your individual needs, attitude to risk and capacity for loss and desired returns before providing you with a full written report of advice and my recommendations in plain English. You will then have time to read and consider all the information before contacting me with how you wish to proceed.
Click for more information about Keith Littlewood.
The above information was correct at the time of preparation and does not constitute investment advice and you should seek advice from a professional adviser before embarking on any financial planning activity.
This communication is for information purposes only and it does not constitute advice or a recommendation. The value of investments can go up as well as down, and investors may not get back the full amount invested. The Blacktower group of companies operates across multiple jurisdictions, each authorized under its respective regulatory license. For further information, please refer to the relevant regulatory page.
