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Euro vs Pound – Brexit Impact

When judging the likelihood of a Brexit I prefer not to listen to polls as they never seem to get it right.  Currently, polls are showing 50-55% to stay in and 45-50% a Brexit depending on which one you look at.  I prefer to look at what the real experts are saying, the guys who put their money where their mouths are and use every resource and data available.  These are the bookies!  Both William Hill and Paddy Power are offering odds of 1/3 that the UK will stay in and 9/4 for a Brexit.  This averaged out indicates around a 30% chance of the Brexit happening.

When investing I try to eliminate extra risks for my clients so it is best to keep things simple.  If you hold Euros and live in Spain, invest in Euros.  If you hold Sterling invest in Sterling and do not change for change’s sake as this will just create additional costs and risks that are not needed.

I have been a fully-qualified financial adviser for 28 years and also understand the needs of expats and the rules that apply to ex-British living and retiring in Spain. So if you need to talk through your own situation then please feel free to contact me and we can have a no obligation discussion about the best way forward for your investments. Get in touch by filling in one of our contact forms.

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

Pondering Pensions for Marbella Residents Post-Brexit

Puerto Banus, MarbellaAt the moment it there is only the slimmest possibly of a sudden and dramatic Brexit u-turn, with the consequences of the June 23 2016 referendum set to be formalised on March 31 2019. That’s why if you live in Marbella now is the time to ensure that your financial advisers in Marbella are fully attuned to all the issues that might affect you once Brexit becomes final.

Inevitably for many expats this will involve a discussion about their pension arrangements. Yes, expats already settled in the EU should continue to receive yearly inflation-accounting increases to their pensions, but as this is only guaranteed for three years, it is a quite significant caveat.

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How to Decode and Check a QROPS

Magnifying GlassAs an expat your pension choices can seem labyrinthine. You may have been a member of one scheme over your entire career or perhaps you have paid into several smaller workplace schemes across different countries. Knowing what to do can seem like an enigma.

There are several types of expat pension transfer available, but knowing whether a transfer is right for you will take some investigation (and almost certainly expert advice).

Here we take a look at QROPS: what is a QROPS, are they a good idea and are they a suitable retirement savings vehicle for you if you intend to move abroad or already have done so?

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