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Banks competing for ex-pat money

Skipton International has launched an 18-month fixed-rate bond just a few weeks after Permanent Bank International produced its 18-month deal. The Skipton deal just beats Permanent on the interest rate, plus the minimum deposit required is smaller.  The new Skipton International deal is 1.75pc on a minimum of £10,000.  Permanent International’s 18-month version is 1.69pc on a minimum £20,000.

The interest rate from Skipton International also beats the Permanent Bank International three-year rate and comes close to the Nationwide International three-year deal of 1.85pc.  It makes the current crop of one-year fixed-rate deals look less attractive. You can get 1.45pc from Nationwide International or 1.4pc from Permanent International fixed for one year; the former on a minimum investment of £50,000, the latter on £20,000. Santander also offers monthly income on its fixed-rate bonds.

These rates can easily be beaten, and coming to Blacktower for advice could save you losing a small fortune, as independent advisers we can tailor our recommendation to suit you, we would be looking to gain between 4 and 10% depending on your circumstances.  Monthly income can be received to boost your spending power and your capital can grow at the same time.

Given how confusing this can all be we are urging people to take advice before deciding what to do from a reputable regulated adviser.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Keeping the NHR Tax Regime Could Be Good for Portugal in 2018

Cave on beach in PortugalIn September 2017, it was announced that the Portuguese Government, following pressure from Sweden and a number of other European countries, was looking to water down the country’s non-habitual residency (NHR) tax regime, potentially bringing to an end a programme that has worked in the interests of expats since 2009. The uncertainty this proposed move provoked certainly threatened to put a dampener on the financial plans of quite a number of expats and would-be expats as they moved into 2018.

However, the budget proposal presented by the Portuguese government in November seemed to allay these fears. There was not a single mention of the scheme, which would have seen the introduction of a flat rate of tax of either 5% or 10% on income drawn from the pensions of NHRs.

In all probability any such move would have seen the pensions of existing expat NHRs unaffected; however, it would have presented a significant stumbling block to the retirement plans of many looking to move both their wealth and their residence status to the country.

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Portugal’s Algarve every golfer’s dream

Golf ballIt’s not hard to see why Portugal is such a desirable destination for people wishing to move overseas in their retirement. The warm climate, reasonable living costs, and tax benefits for retirees mean it’s regularly voted as a top global place in which to live out one’s later years.

It is often said that retirement is the best time to pick up a hobby, and different destinations offer different opportunities for leisure. When it comes to sport, Portugal has a very specific reputation – it’s a golfer’s paradise!

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