It transpired that no matter what type of investment I requested (Income, growth, 5 years, 7 year, 9 years) I was offered the same provider (whose company name sounded good but I know is not).
All of the investments were offering me guaranteed capital with high rates of returns, which are not possible in my opinion. They all offered NO access during the term and I wouldn’t be 100% sure the company would still be around at the end of the term.
I put my email details and phone number to request personal information – I now find myself getting several calls per week and at least one email a day from this company
What I would always urge anyone to do is always get a second opinion on anything that is advertised especially through social media. When I asked the friend who had supposedly ‘liked’ the page about this they had never even heard of the comparison website.
What are available for Ex-Pats living in Spain are the Spanish Compliant Bonds that can offer security as well as a very good rate of return and can cater for all risk profiles from the Cautious Investor to the more speculative risk taker.
These can be very tax efficient and offer an excellent vehicle for clients wanting to take regular income or if you just want to let your investments grow over time.
by Keith Littlewood, International Financial Adviser in the Costa Blanca
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.
When relocating to a new country, it’s good to know all your options so you can ensure you have the smoothest transition possible. For one thing, there’s the financial side to worry about.
Great news for the clients of expat financial services: the government has announced proposals to abolish the 15-year time limit on the right of expats to participate in UK general elections.